Business Ethics: Ethical Decision Making and Cases (13th Edition) – Complete Test Bank with Answers (Chapters 1–12)

TEST BANK A




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 A A A




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. PrinciplesAare
a. lawsAandAregulationsAthatAguideAbehaviorAinAtheAworldAofAbusiness.
b. mores,Avalues,AandAcustomsAthatAguideAbehaviorAinAgeneral.
c. specificAandApervasiveAboundariesAforAbehaviorAthatAareAuniversalAandAabsolute.
d. theAobligationsAbusinessesAassumeAtoAmaximizeAtheirApositiveAimpactAandAminimizeAtheirAnegativeAimpactA
onAstakeholders.
e. theAmores,Avalues,AandAcustomsAthatAparentsAteachAtheirAchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.A5
LEARNINGAOBJECTIVES:A LO:A1-1A-
AExploreAconceptualizationsA ofAbusinessAethicsAfromAanAorganizationalAperspective.


NATIONALA STANDARDS:A A UnitedAStatesA-ABUSPROG:A Ethics
STATEA STANDARDS: UnitedAStatesA-ANONEA-ADISC:AEthicalAResponsibilitiesA-AEthicalAResponsibilities
KEYWORDS: Blooms:AComprehension

2. SocialAresponsibilityAis
a. anAorganization'sA obligationAtoAmaximizeAitsApositiveAeffectsAandAminimizeAitsAnegativeAeffectsAonAstakeholders.
b. principlesAandAstandardsAthatAguideAbehaviorAinAtheAworldAofAbusiness.
c. aAbusiness'sAresponsibilityA notAtoApolluteAtheAenvironment.
d. aAbusiness'sAresponsibilityAtoAmanufactureAproductsAthatAfunctionAproperly.
e. charitableAcontributionsAmadeAbyAaAbusinessAtoAenhanceAitsAimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.A23
LEARNINGA OBJECTIVES:A LO:A1-4A-
AGainAinsightAintoAtheAextentAofAethicalAmisconductAinAtheAworkplaceAandAtheApressuresAf

orAunethicalAbehavior.
NATIONALA STANDARDS:A A UnitedAStatesA-ABUSPROG:A Ethics
STATEA STANDARDS: UnitedAStatesA-ANONEA-ADISC:AEthicalAResponsibilitiesA-AEthicalAResponsibilities
KEYWORDS: Blooms:AKnowledge

, 3. TheA
was/wereAenactedAtoArestoreAconfidenceAinAfinancialAreportingAandAbusinessAethicsAafterAtheAaccounti
ngAscandalsAofAtheAearlyA2000s.
a. DefenseAIndustryAInitiativeAonABusinessAEthicsAandAConduct
b. Sarbanes-OxleyAAct
c. FederalASentencingAGuidelinesAforAOrganizations
d. ForeignACorruptAPracticesAAct
e. Dodd-FrankAWallAStreetAReformAandAConsumerAProtectionAAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.A13
LEARNINGAOBJECTIVES:A LO:A1-2A-AExamineAtheAhistoricalAfoundationsAandAevolutionAofAbusinessAethics.
NATIONALA STANDARDS:A A UnitedAStatesA-ABUSPROG:A Ethics
STATEA STANDARDS: UnitedAStatesA-ANONEA-ADISC:AEthicalAResponsibilitiesA-AEthicalAResponsibilities
KEYWORDS: Blooms:AKnowledge

4. TheAtermAbusinessA ethicsA isAbestAdescribedAbyAtheAfollowingA statement:
a. ItAisAtheAstudyAandAphilosophyAofAhumanAconduct,AwithAanAemphasisAonAdeterminingArightAandAwrong.
b. ItAisAanA"inquiryAintoAtheAnatureAandAgroundsAofAmoralityAwhereAtheAtermAmoralityAisAtakenAtoAmeanAm
oralAjudgments,AstandardsAandArulesAofAconduct."
c. ItAisAtheA"studyAofAtheAgeneralAnatureAofAmoralsAandAofAspecificAmoralAchoices;AmoralAphilosophy;AandAtheAr
ulesAorAstandardsAgoverningAtheAconductAofAtheAmembersAofAaAprofession."
d. ItAisAanAorganization'sAobligationAtoAmaximizeAitsApositiveAeffectsAandAminimizeAitsAnegativeAeffectsA
onAstakeholders.
e. ItAcomprisesAtheAprinciples,Avalues,AandAstandardsAthatAguideAbehaviorAinAtheAworldAofAbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.A5
LEARNINGAOBJECTIVES:A LO:A1-1A-
AExploreAconceptualizationsA ofAbusinessAethicsAfromAanAorganizationalAperspective.


NATIONALA STANDARDS:A A UnitedAStatesA-ABUSPROG:A Ethics
STATEA STANDARDS: UnitedAStatesA-ANONEA-ADISC:AEthicalAResponsibilitiesA-AEthicalAResponsibilities
KEYWORDS: Blooms:AKnowledge