Business ethics ethical decision making cases 10th edition by o c ferrell test bank

TEST BANK c




Business Ethics Ethical Decision Making and Cases, 13th Edition
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By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
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,TABLE OF CONTENTS c c c




Part 1: An Overview of Business Ethics
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1: The Importance of Business Ethics
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2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
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3: Sustainability: Ethical and Social Responsibility Dimensions
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Part 2: Ethical Issues and the Institutionalization of Business Ethics
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4: The Institutionalization of Business Ethics
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5: Emerging Business Ethics Issues
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Part 3: The Decision-Making Process
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6: Ethical Decision Making
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7: Individual Factors: Moral Philosophies and Values
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8: Organizational Factors: The Role of Ethical Culture and Relationships
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Part 4: Implementing Business Ethics in a Global Economy
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9: Developing and Implementing an Effective Ethics Program
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10: Global Business Ethics Issues
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11: Ethical Leadership
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12: Technology: Ethics and Social Responsibility Issues
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,1: The Importance of Business Ethics
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1. Principles are c




a. laws and regulations that guide behavior in theworld ofbusiness.
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b. mores, values, and customs that guide behavior ingeneral.
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c. specific and pervasive boundaries for behavior that are universal and absolute.
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d. theobligationsbusinessesassumetomaximizetheirpositiveimpactandminimizetheirnegativeimpacton
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stakeholders.
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e. the mores, values, and customs that parents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 c




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethicsfromanorganizational perspective.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics c c c c c c c




STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Comprehension c




2. Socialresponsibility is
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a. anorganization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
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b. principles andstandards that guide behavior intheworld of business.
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c. a business's responsibility not topollute the environment.
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d. abusiness'sresponsibility tomanufacture products thatfunction properly.
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e. charitable contributions made byabusiness toenhance itsimage.
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ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 c




LEARNING OBJECTIVES: LO: 1-4 - Gain insight into theextent of ethical misconduct in the workplace and the pressures
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for unethical behavior. c c c




NATIONAL STANDARDS: United States - BUSPROG: Ethics c c c c c c c




STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge c

, 3. The c
was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals
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of the early 2000s.
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a. Defense Industry Initiative onBusiness Ethics andConduct
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b. Sarbanes-Oxley Act c




c. Federal Sentencing Guidelines forOrganizations
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d. Foreign Corrupt Practices Act
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e. Dodd-Frank Wall Street Reform and Consumer Protection Act
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ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 c




LEARNING OBJECTIVES: LO:1-2-Examine thehistorical foundations andevolution ofbusiness ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS:c UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities c c c c c c c c c c




KEYWORDS: Blooms: Knowledge c




4. The term business ethics is best described by the following statement:
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a. Itisthestudyand philosophy ofhuman conduct, withan emphasis ondetermining rightand wrong.
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b. It is an "inquiry into thenature and grounds of morality where theterm morality istaken to mean moral
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judgments, standards and rules of conduct."
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c. Itisthe"study of thegeneral nature of morals and ofspecific moral choices; moral philosophy; and therules or
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standards governing the conduct of the members of a profession."
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d. Itisanorganization's obligationtomaximizeitspositiveeffectsandminimize itsnegativeeffectson
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stakeholders.
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e. Itcomprises theprinciples, values, and standards thatguide behavior intheworld ofbusiness.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 c




LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethicsfromanorganizational perspective.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS:c UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities c c c c c c c c c c




KEYWORDS: Blooms: Knowledge c