TEST BANK for Business Ethics Ethical Decision Making
and Cases, 13th Edition by O. C. Ferrell, John Fraedrich,
Verified Chapters 1 – 12
,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
1: The Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate
Governance
3: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
4: The Institutionalization of Business Ethics
5: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
6: Ethical Decision Making
7: Individual Factors: Moral Philosophies and Values
8: Organizational Factors: The Role of Ethical Culture and Relationships
Part 4: Implementing Business Ethics in a Global Economy
9: Developing and Implementing an Effective Ethics Program
10: Global Business Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues
, 1 The Importance of Business Ethics
C C C C C
1. Principles are C
a. laws and regulations that guide behavior in the world of business.
C C C C C C C C C C
b. mores, values, and customs that guide behavior in general.
C C C C C C C C
c. specific and pervasive boundaries for behavior that are universal and absolute.
C C C C C C C C C C
d. the obligations businesses assume to maximize their positive impact and minimize their
C C C C C C C C C C C
Cnegative impact onstakeholders. C C
e. the mores, values, and customs that parents teach their children.
C C C C C C C C C
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 C
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
C C C C C C C C C C C C C
perspective. C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
C C C C C C C C C C
KEYWORDS: Blooms: Comprehension C
2. Social responsibility is
C C
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
C C C C C C C C C C C C C C
b. principles and standards that guide behavior in the world of business.
C C C C C C C C C C
c. a business's responsibility not to pollute the environment.
C C C C C C C
d. a business's responsibility to manufacture products that function properly.
C C C C C C C C
e. charitable contributions made by a business to enhance its image.
C C C C C C C C C
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 C
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
C C C C C C C C C C C C C C C C C
pressures for unethical behavior. C C C C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
C C C C C C C C C C
KEYWORDS: Blooms: Knowledge C
, 3. The was/were enacted to restore confidence in financial reporting and business ethics after
C C C C C C C C C C C
C the accountingscandals of the early 2000s.
C C C C C
a. Defense Industry Initiative on Business Ethics and Conduct
C C C C C C C
b. Sarbanes-Oxley Act C
c. Federal Sentencing Guidelines for Organizations
C C C C
d. Foreign Corrupt Practices Act C C C
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
C C C C C C C
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 C
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
C C C C C C C C C C C C C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - 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:
C C C C C C C C C C
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
C C C C C C C C C C C C C C C C
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken
C C C C C C C C C C C C C C C C
to mean moraljudgments, standards and rules of conduct."
C C C C C C C C
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy;
C C C C C C C C C C C C C C C C
and the rulesor standards governing the conduct of the members of a profession."
C C C C C C C C C C C C C
d. It is an organization's obligation to maximize its positive effects and minimize its
C C C C C C C C C C C C
negative effects onstakeholders.
C C C
e. It comprises the principles, values, and standards that guide behavior in the world of business.
C C C C C C C C C C C C C C
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 C
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
C C C C C C C C C C C C C
perspective. C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
C C C C C C C C C C
KEYWORDS: Blooms: Knowledge C
and Cases, 13th Edition by O. C. Ferrell, John Fraedrich,
Verified Chapters 1 – 12
,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
1: The Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate
Governance
3: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
4: The Institutionalization of Business Ethics
5: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
6: Ethical Decision Making
7: Individual Factors: Moral Philosophies and Values
8: Organizational Factors: The Role of Ethical Culture and Relationships
Part 4: Implementing Business Ethics in a Global Economy
9: Developing and Implementing an Effective Ethics Program
10: Global Business Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues
, 1 The Importance of Business Ethics
C C C C C
1. Principles are C
a. laws and regulations that guide behavior in the world of business.
C C C C C C C C C C
b. mores, values, and customs that guide behavior in general.
C C C C C C C C
c. specific and pervasive boundaries for behavior that are universal and absolute.
C C C C C C C C C C
d. the obligations businesses assume to maximize their positive impact and minimize their
C C C C C C C C C C C
Cnegative impact onstakeholders. C C
e. the mores, values, and customs that parents teach their children.
C C C C C C C C C
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 C
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
C C C C C C C C C C C C C
perspective. C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
C C C C C C C C C C
KEYWORDS: Blooms: Comprehension C
2. Social responsibility is
C C
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
C C C C C C C C C C C C C C
b. principles and standards that guide behavior in the world of business.
C C C C C C C C C C
c. a business's responsibility not to pollute the environment.
C C C C C C C
d. a business's responsibility to manufacture products that function properly.
C C C C C C C C
e. charitable contributions made by a business to enhance its image.
C C C C C C C C C
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 C
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
C C C C C C C C C C C C C C C C C
pressures for unethical behavior. C C C C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
C C C C C C C C C C
KEYWORDS: Blooms: Knowledge C
, 3. The was/were enacted to restore confidence in financial reporting and business ethics after
C C C C C C C C C C C
C the accountingscandals of the early 2000s.
C C C C C
a. Defense Industry Initiative on Business Ethics and Conduct
C C C C C C C
b. Sarbanes-Oxley Act C
c. Federal Sentencing Guidelines for Organizations
C C C C
d. Foreign Corrupt Practices Act C C C
e. Dodd-Frank Wall Street Reform and Consumer Protection Act
C C C C C C C
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 C
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
C C C C C C C C C C C C C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - 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:
C C C C C C C C C C
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
C C C C C C C C C C C C C C C C
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken
C C C C C C C C C C C C C C C C
to mean moraljudgments, standards and rules of conduct."
C C C C C C C C
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy;
C C C C C C C C C C C C C C C C
and the rulesor standards governing the conduct of the members of a profession."
C C C C C C C C C C C C C
d. It is an organization's obligation to maximize its positive effects and minimize its
C C C C C C C C C C C C
negative effects onstakeholders.
C C C
e. It comprises the principles, values, and standards that guide behavior in the world of business.
C C C C C C C C C C C C C C
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 C
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
C C C C C C C C C C C C C
perspective. C
NATIONAL STANDARDS: United States - BUSPROG: Ethics
C C C C C C C
STATE STANDARDS: C United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
C C C C C C C C C C
KEYWORDS: Blooms: Knowledge C
