TEST BANK FOR Business Ethics: Ethical Decision Making and Cases 10th Edition by O. C. Ferrell , ISBN: 9781285423715 |Chapter 1-12| Questions with Verified Answers, Guide A+

TEST BANK
Business Ethics: Ethical Decision Making and Cases

O. C. Ferrell

10th Edition
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,Table of Contents
Part I: An Overview of Business Ethics
1. The Importance of Business Ethics
2. Stakeholder Relationships, Social Responsibility, and Corporate Governance

Part II: Ethical Issues and the Institutionalization of Business Ethics
3. Emerging Business Ethics Issues
4. The Institutionalization of Business Ethics

Part III: The Decision-Making Process
5. Ethical Decision Making
6. Individual Factors: Moral Philosophies and Values
7. Organizational Factors: The Role of Ethical Culture and Relationships

Part IV: Implementing Business Ethics in a Global Economy
8. Developing an Effective Ethics Program
9. Managing and Controlling Ethics Programs
10. Globalization of Ethical Decision Making
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11. Ethical Leadership
12. Sustainability: Ethical and Social Responsibility Dimensions
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,1. Principles are
a. laws and regulations that guide behavior in the world of business.
b. mores, values, and customs that guide behavior in general.
c. specific and pervasive boundaries for behavior that are universal and absolute.
d. the obligations businesses assume to maximize their positive impact and minimize their negative impact on
stakeholders.
e. the mores, values, and customs that parents teach their children.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
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STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Comprehension

2. Social responsibility is
a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
b. principles and standards that guide behavior in the world of business.
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c. a business's responsibility not to pollute the environment.
d. a business's responsibility to manufacture products that function properly.
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e. charitable contributions made by a business to enhance its image.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
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REFERENCES: p. 23
LEARNING OBJECTIVES:LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
pressures for unethical behavior.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge

, 3. The was/were enacted to restore confidence in financial reporting and business ethics after the accounting
scandals of the early 2000s.
a. Defense Industry Initiative on Business Ethics and Conduct
b. Sarbanes-Oxley Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Dodd-Frank Wall Street Reform and Consumer Protection Act

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13
LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge
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4. The term business ethics is best described by the following statement:
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
judgments, standards and rules of conduct."
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c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
or standards governing the conduct of the members of a profession."
d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on
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stakeholders.
e. It comprises the principles, values, and standards that guide behavior in the world of business.

ANSWER: e
POINTS: 1
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DIFFICULTY: Moderate
REFERENCES: p. 5
LEARNING OBJECTIVES:LO: 1-1 - Explore conceptualizations of business ethics from an organizational
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perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge