Solution Manual For Business Law: Text & Exercises, 10th Edition by Roger LeRoy Miller, William E. Hollowell, Verified Chapters 1 - 43, Complete Newest Version

Business Law: Text & Exercises (MindTap Course List)
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SOLUTION MANUAL g




Business Law: Text & Exercises (MindTap Course List)
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10th Edition by Roger LeRoy Miller, William E. Hollowell
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, Business Law: Text & Exercises (MindTap Course List)
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Chapter 1 g




Table of Contentsg g


Purpose gand gPerspective gof gthe gChapter ............................................................................................................. 2
Cengage gSupplements ................................................................................................................................................. 2
List gof gStudent gDownloads .................................................................................................................................... 2
Chapter gObjectives ......................................................................................................................................................... 2
Key gTerms .......................................................................................................................................................................... 2
What's gNew gin gThis gChapter ...................................................................................................................................... 3
Chapter gOutline ............................................................................................................................................................... 4
Discussion gQuestions .................................................................................................................................................... 8
Additional gResources.................................................................................................................................................. 10
Cengage gVideo gResources .................................................................................................................................. 10
Appendix ......................................................................................................................................................................... 10
Generic gRubrics ........................................................................................................................................................ 10
Standard gWriting gRubric ...................................................................................................................................... 10
Standard gDiscussion gRubric ................................................................................................................................ 12




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, Business Law: Text & Exercises (MindTap Course List)
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Purpose and Perspective of the Chapter
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The gpurpose gof gthis gchapter gis gto gexamine gthe grelationship gbetween glaw gand gethics. gThe
gchaptergpresents gissues ginvolved gto gdetermining gthe gethical gresponsibilities gof gbusinesses
gand gprovides gstudents ga gframework gfor ganalyzing gand gmaking gethical gdecisions.




Cengage Supplements g


The gfollowing gproduct-level gsupplements gprovide gadditional ginformation gthat gmay ghelp
gyou ging
preparing gyour gcourse. gThey gare gavailable gin gthe gInstructor gResource gCenter.

 PowerPoint gDeck

List of Student Downloads
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Students gshould gdownload gthe gfollowing gitems gfrom gthe gStudent gCompanion gCenter gto
gcompletegthe gactivities gand gassignments grelated gto gthis gchapter:

 PowerPoint gDeck g(without gteaching gnotes, gactivities, gor ganswers)

Chapter Objectives g


The gfollowing gobjectives gare gaddressed gin gthis gchapter:

1. Discuss ghow gbusiness gcan gdiscourage gunethical gbehavior

2. Explain gthe grelationship gbetween glaw gand gethics

3. Compare gduty-based gethics gand gutilitarian gethics

4. Identify gethical gproblems gin gthe gglobal gcontext

Key Terms
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business gethics: gEthics gin ga gbusiness gcontext; ga gconsensus gof gwhat gconstitutes gright gor
gwrong gbehavior gin gthe gworld gof gbusiness gand gthe gapplication gof gmoral gprinciples gto

gsituations gthat garisegin ga gbusiness gsetting.
categorical gimperative: gA gconcept gdeveloped gby gthe gphilosopher gImmanuel gKant gas gan
gethicalgguideline gfor gbehavior. gIn gdeciding gwhether gan gaction gis gright gor gwrong, gor gdesirable
gor gundesirable, ga gperson gshould gevaluate gthe gaction gin gterms gof gwhat gwould ghappen gif

geverybody gelse gin gthe gsame gsituation, gor gcategory, gacted gthe gsame gway.

corporate gsocial gresponsibility g(CSR): gThe gconcept gthat gcorporations gcan gand gshould
gactgethically gand gbe gaccountable gto gsociety gfor gtheir gactions.
cost-benefit ganalysis: gA gdecision-making gtechnique gthat ginvolves gweighing gthe gcosts gof ga
ggivengaction gagainst gthe gbenefits gof gthe gaction.
duty-based gethics: gAn gethical gphilosophy grooted gin gthe gidea gthat gevery gperson ghas gcertain
gdutiesgto gothers, gincluding gboth ghumans gand gthe gplanet. gThose gduties gmay gbe gderived gfrom
greligious gprinciples gor gfrom gother gphilosophical greasoning.

ethical greasoning: gA greasoning gprocess gin gwhich gan gindividual glinks ghis gor gher gmoral
gconvictionsg or gethical gstandards gto gthe gparticular gsituation gat ghand.


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, Business Law: Text & Exercises (MindTap Course List)
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ethics: gMoral gprinciples gand gvalues gapplied gto gsocial gbehavior.
moral gminimum: gThe gminimum gdegree gof gethical gbehavior gexpected gof ga gbusiness gfirm,
gwhich gisg usually gdefined gas gcompliance gwith gthe glaw.
outcome-based gethics: gAn gethical gphilosophy gthat gfocuses gon gthe gimpacts gof ga gdecision
gong society gor gon gkey gstakeholders.
outsourcing: gThe gpractice gby gwhich ga gcompany ghires gan goutside gfirm gor gindividual gto
gperformg work grather gthan ghiring gemployees.
principle gof grights: gThe gprinciple gthat ghuman gbeings ghave gcertain gfundamental grights g(to
glife,g
freedom, gand gthe gpursuit gof ghappiness, gfor gexample). gA gkey gfactor gin gdetermining
gwhether ga gbusiness gdecision gis gethical gunder gthis gtheory gis ghow gthat gdecision gaffects gthe

grights gof gothers,g such gas gemployees, gconsumers, gsuppliers, gand gthe gcommunity.
stakeholders: gGroups, gother gthan gthe gcompany’s gshareholders, gthat gare gaffected gby
gcorporate gdecisions. gStakeholders ginclude gemployees, gcustomers, gcreditors, gsuppliers, gand

gthe gcommunityg in gwhich gthe gcorporation goperates.
triple gbottom gline: gThe gidea gthat ginvestors gand gothers gshould gconsider gnot gonly gcorporate
profits, gbut galso gthe gcorporation’s gimpact gon gpeople gand gon gthe gplanet gin gassessing gthe gfirm.
g(Theg bottom gline gis gpeople, gplanet, gand gprofits.)
utilitarianism: gAn gapproach gto gethical greasoning gin gwhich gethically gcorrect gbehavior gis
grelated gtogan gevaluation gof gthe gconsequences gof ga ggiven gaction gon gthose gwho gwill gbe
gaffected gby git. gIn


utilitarian greasoning, ga g―good‖ gdecision gis gone gthat gresults gin gthe ggreatest ggood gfor gthe
ggreatest gnumber gof gpeople gaffected gby gthe gdecision.



[return gto gtop]


What's New in This Chapter
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The gfollowing gelements gare gimprovements gin gthis gchapter gfrom gthe gprevious gedition:

 New gchapter gtitle gand gchapter-opening gintroduction gscenario gdiscussing
g recentgtechnology gscandal ginvolving gfinger-prick gblood gtest gkits
 New gchapter gorganization gand gsubheads gthroughout g(including gnew gheadings gfor
―outsourcing‖ gand g―corruption‖)
 New gsection gon gMaking gEthical gBusiness gDecisions gand gnew gmaterials gon gSystematic
Approach: gIDDR g(―I gdesire gto gdo gright‖) gthat gwill gbe gused gthroughout gthe gtext gto
g analyze gethics, gincluding gin gall gof gthe gnew g―A gQuestion gof gEthics‖ gproblems gin gthe
g remaining gchapters.
o New g―Application gof gthe gIDDR gApproach‖ gsubsection gwith gstep-by-step
gdiscussiong
and gsample gscenario.
 1 gNew gExhibit g3–1: gAn gAnalysis gof gEthical gApproaches gto gthe
g SamplegDilemma g(for gnew gIDDR gApproach)
o 1 gNew gTerm g& gConcept
 outsourcing
 1 gNew gEthics gToday gfeature—

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