Business Law: Text & Exercises (MindTap Course List)
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline ............................................................................................................................................................... 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources .................................................................................................................................................. 10
Cengage Video Resources ................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic Rubrics......................................................................................................................................................... 10
Standard Writing Rubric ....................................................................................................................................... 10
Standard Discussion Rubric ................................................................................................................................. 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: dMoral dprinciples dand dvalues dapplied dto dsocial dbehavior.
moral dminimum: dThe dminimum ddegree dof dethical dbehavior dexpected dof da dbusiness
dfirm, dwhich disdusually ddefined das dcompliance dwith dthe dlaw.
outcome-based dethics: dAn dethical dphilosophy dthat dfocuses don dthe dimpacts dof da
ddecision dondsociety dor don dkey dstakeholders.
outsourcing: dThe dpractice dby dwhich da dcompany dhires dan doutside dfirm dor dindividual
dto dperformdwork drather dthan dhiring demployees.
principle dof drights: dThe dprinciple dthat dhuman dbeings dhave dcertain dfundamental
drights d(to dlife,dfreedom, dand dthe dpursuit dof dhappiness, dfor dexample). dA dkey dfactor din
ddetermining dwhether da dbusiness ddecision dis dethical dunder dthis dtheory dis dhow dthat
ddecision daffects dthe drights dof dothers,dsuch das demployees, dconsumers, dsuppliers, dand
dthe dcommunity.
stakeholders: dGroups, dother dthan dthe dcompany’s dshareholders, dthat dare daffected dby
dcorporate ddecisions. dStakeholders dinclude demployees, dcustomers, dcreditors, dsuppliers,
dand dthe dcommunitydin dwhich dthe dcorporation doperates.
triple dbottom dline: dThe didea dthat dinvestors dand dothers dshould dconsider dnot donly
dcorporate
profits, dbut dalso dthe dcorporation’s dimpact don dpeople dand don dthe dplanet din dassessing
dthe dfirm. d(Thedbottom dline dis dpeople, dplanet, dand dprofits.)
utilitarianism: dAn dapproach dto dethical dreasoning din dwhich dethically dcorrect dbehavior dis
drelated dtodan devaluation dof dthe dconsequences dof da dgiven daction don dthose dwho dwill dbe
daffected dby dit. dIn
utilitarian dreasoning, da d―good‖ ddecision dis done dthat dresults din dthe dgreatest dgood dfor dthe
dgreatest dnumber dof dpeople daffected dby dthe ddecision.
[return dto dtop]
What's dNew din dThis dChapter
The dfollowing delements dare dimprovements din dthis dchapter dfrom dthe dprevious dedition:
• New dchapter dtitle dand dchapter-opening dintroduction dscenario ddiscussing
drecentdtechnology dscandal dinvolving dfinger-prick dblood dtest dkits
• New dchapter dorganization dand dsubheads dthroughout d(including dnew dheadings dfor
―outsourcing‖ dand d―corruption‖)
• New dsection don dMaking dEthical dBusiness dDecisions dand dnew dmaterials don
dSystematic
Approach: dIDDR d(―I ddesire dto ddo dright‖) dthat dwill dbe dused dthroughout dthe dtext
dto danalyze dethics, dincluding din dall dof dthe dnew d―A dQuestion dof dEthics‖
dproblems din dthe dremaining dchapters.
o New d―Application dof dthe dIDDR dApproach‖ dsubsection dwith dstep-by-step
ddiscussiondand dsample dscenario.
• 1 dNew dExhibit d3–1: dAn dAnalysis dof dEthical dApproaches dto
dthe dSampledDilemma d(for dnew dIDDR dApproach)
4
website, in whole or in part.
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline ............................................................................................................................................................... 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources .................................................................................................................................................. 10
Cengage Video Resources ................................................................................................................................... 10
Appendix ......................................................................................................................................................................... 10
Generic Rubrics......................................................................................................................................................... 10
Standard Writing Rubric ....................................................................................................................................... 10
Standard Discussion Rubric ................................................................................................................................. 12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: dMoral dprinciples dand dvalues dapplied dto dsocial dbehavior.
moral dminimum: dThe dminimum ddegree dof dethical dbehavior dexpected dof da dbusiness
dfirm, dwhich disdusually ddefined das dcompliance dwith dthe dlaw.
outcome-based dethics: dAn dethical dphilosophy dthat dfocuses don dthe dimpacts dof da
ddecision dondsociety dor don dkey dstakeholders.
outsourcing: dThe dpractice dby dwhich da dcompany dhires dan doutside dfirm dor dindividual
dto dperformdwork drather dthan dhiring demployees.
principle dof drights: dThe dprinciple dthat dhuman dbeings dhave dcertain dfundamental
drights d(to dlife,dfreedom, dand dthe dpursuit dof dhappiness, dfor dexample). dA dkey dfactor din
ddetermining dwhether da dbusiness ddecision dis dethical dunder dthis dtheory dis dhow dthat
ddecision daffects dthe drights dof dothers,dsuch das demployees, dconsumers, dsuppliers, dand
dthe dcommunity.
stakeholders: dGroups, dother dthan dthe dcompany’s dshareholders, dthat dare daffected dby
dcorporate ddecisions. dStakeholders dinclude demployees, dcustomers, dcreditors, dsuppliers,
dand dthe dcommunitydin dwhich dthe dcorporation doperates.
triple dbottom dline: dThe didea dthat dinvestors dand dothers dshould dconsider dnot donly
dcorporate
profits, dbut dalso dthe dcorporation’s dimpact don dpeople dand don dthe dplanet din dassessing
dthe dfirm. d(Thedbottom dline dis dpeople, dplanet, dand dprofits.)
utilitarianism: dAn dapproach dto dethical dreasoning din dwhich dethically dcorrect dbehavior dis
drelated dtodan devaluation dof dthe dconsequences dof da dgiven daction don dthose dwho dwill dbe
daffected dby dit. dIn
utilitarian dreasoning, da d―good‖ ddecision dis done dthat dresults din dthe dgreatest dgood dfor dthe
dgreatest dnumber dof dpeople daffected dby dthe ddecision.
[return dto dtop]
What's dNew din dThis dChapter
The dfollowing delements dare dimprovements din dthis dchapter dfrom dthe dprevious dedition:
• New dchapter dtitle dand dchapter-opening dintroduction dscenario ddiscussing
drecentdtechnology dscandal dinvolving dfinger-prick dblood dtest dkits
• New dchapter dorganization dand dsubheads dthroughout d(including dnew dheadings dfor
―outsourcing‖ dand d―corruption‖)
• New dsection don dMaking dEthical dBusiness dDecisions dand dnew dmaterials don
dSystematic
Approach: dIDDR d(―I ddesire dto ddo dright‖) dthat dwill dbe dused dthroughout dthe dtext
dto danalyze dethics, dincluding din dall dof dthe dnew d―A dQuestion dof dEthics‖
dproblems din dthe dremaining dchapters.
o New d―Application dof dthe dIDDR dApproach‖ dsubsection dwith dstep-by-step
ddiscussiondand dsample dscenario.
• 1 dNew dExhibit d3–1: dAn dAnalysis dof dEthical dApproaches dto
dthe dSampledDilemma d(for dnew dIDDR dApproach)
4
website, in whole or in part.
