Business Law: Text & Exercises (MindTap Course List)
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SOLUTION MANUAL b
Business Law: Text & Exercises (MindTap Course List)
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10th Edition by Roger LeRoy Miller, William E. Hollowell
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1
website, bin bwhole bor bin
bpart.
, Business Law: Text & Exercises (MindTap Course List)
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Chapter 1 b
Table of Contents b b
Purpose and Perspective of the Chapter ............................................................................................................... 2
b b b b b
Cengage Supplements .................................................................................................................................................. 2
b
List of Student Downloads ..................................................................................................................................... 2
b b b
Chapter Objectives ......................................................................................................................................................... 2
b
Key Terms........................................................................................................................................................................... 2
b
What's New in This Chapter ....................................................................................................................................... 3
b b b b
Chapter Outline ............................................................................................................................................................... 4
b
Discussion Questions..................................................................................................................................................... 8
b
Additional Resources .................................................................................................................................................. 10
b
Cengage Video Resources ................................................................................................................................... 10
b b
Appendix ......................................................................................................................................................................... 10
Generic Rubrics ........................................................................................................................................................ 10
b
Standard Writing Rubric ....................................................................................................................................... 10
b b
Standard Discussion Rubric ................................................................................................................................. 12
b b
2
website, bin bwhole bor bin
bpart.
, Business Law: Text & Exercises (MindTap Course List) b b b b b b b
Purpose and Perspective of the Chapter b b b b b
The purpose of this chapter is to examine the relationship between law and ethics. The
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chapterpresents issues involved to determining the ethical responsibilities of businesses and
b b b b b b b b b b b b
provides students a framework for analyzing and making ethical decisions.
b b b b b b b b b b
Cengage Supplements b
The following product-level supplements provide additional information that may help you
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inpreparing your course. They are available in the Instructor Resource Center.
b b b b b b b b b b b b
PowerPoint Deck b
List of Student Downloads
b b b
Students should download the following items from the Student Companion Center to
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completethe activities and assignments related to this chapter:
b b b b b b b b b
PowerPoint Deck (without teaching notes, activities, or answers)b b b b b b b
Chapter Objectives b
The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior b b b b b b
2. Explain the relationship between law and ethics b b b b b b
3. Compare duty-based ethics and utilitarian ethics b b b b b
4. Identify ethical problems in the global context b b b b b b
Key Terms b
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
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behavior in the world of business and the application of moral principles to situations that
b b b b b b b b b b b b b b b
arisein a business setting.
b b b b b
categorical imperative: A concept developed by the philosopher Immanuel Kant as an
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ethicalguideline for behavior. In deciding whether an action is right or wrong, or desirable or
b b b b b b b b b b b b b b b b
undesirable, a person should evaluate the action in terms of what would happen if
b b b b b b b b b b b b b b
everybody else in the same situation, or category, acted the same way.
b b b b b b b b b b b b
corporate social responsibility (CSR): The concept that corporations can and should
b b b b b b b b b b
actethically and be accountable to society for their actions.
b b b b b b b b b b
cost-benefit analysis: A decision-making technique that involves weighing the costs of a
b b b b b b b b b b b
givenaction against the benefits of the action.
b b b b b b b b
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain
b b b b b b b b b b b b b
dutiesto others, including both humans and the planet. Those duties may be derived from
b b b b b b b b b b b b b b b
religious principles or from other philosophical reasoning.
b b b b b b b
ethical reasoning: A reasoning process in which an individual links his or her moral
b b b b b b b b b b b b b
convictionsor ethical standards to the particular situation at hand.
b b b b b b b b b b
3
website, bin bwhole bor bin
bpart.
, Business Law: Text & Exercises (MindTap Course List) b b b b b b b
ethics: Moral principles and values applied to social behavior.
b b b b b b b b
moral minimum: The minimum degree of ethical behavior expected of a business firm, which
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bisusually defined as compliance with the law.
b b b b b b b
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision b b b b b b b b b b b b
bonsociety or on key stakeholders.
b b b b b
outsourcing: The practice by which a company hires an outside firm or individual to
b b b b b b b b b b b b b
bperformwork rather than hiring employees.
b b b b b
principle of rights: The principle that human beings have certain fundamental rights (to
b b b b b b b b b b b b
blife,freedom, and the pursuit of happiness, for example). A key factor in determining
b b b b b b b b b b b b b
bwhether a business decision is ethical under this theory is how that decision affects the
b b b b b b b b b b b b b b
brights of others,such as employees, consumers, suppliers, and the community.
b b b b b b b b b b
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate
b b b b b b b b b b b
bdecisions. Stakeholders include employees, customers, creditors, suppliers, and the
b b b b b b b b
bcommunityin which the corporation operates. b b b b b
triple bottom line: The idea that investors and others should consider not only corporate
b b b b b b b b b b b b b
profits, but also the corporation’s impact on people and on the planet in assessing the firm.
b b b b b b b b b b b b b b b
b(Thebottom line is people, planet, and profits.)
b b b b b b b
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related
b b b b b b b b b b b b
btoan evaluation of the consequences of a given action on those who will be affected by it. In
b b b b b b b b b b b b b b b b b b
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest
b b b b b b b b b b b b b b b
bnumber of people affected by the decision.
b b b b b b
[return to top] b b
What's New in This Chapter b b b b
The following elements are improvements in this chapter from the previous edition:
b b b b b b b b b b b
New chapter title and chapter-opening introduction scenario discussing
b b b b b b b
b recenttechnology scandal involving finger-prick blood test kits
b b b b b b b
New chapter organization and subheads throughout (including new headings for
b b b b b b b b b
―outsourcing‖ and ―corruption‖) b b
New section on Making Ethical Business Decisions and new materials on Systematic
b b b b b b b b b b b
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to
b b b b b b b b b b b b b b
b analyze ethics, including in all of the new ―A Question of Ethics‖ problems in the
b b b b b b b b b b b b b b
b remaining chapters. b
o New ―Application of the IDDR Approach‖ subsection with step-by-step
b b b b b b b b
discussionand sample scenario.
b b b b
1 New Exhibit 3–1: An Analysis of Ethical Approaches to the
b b b b b b b b b b
b SampleDilemma (for new IDDR Approach) b b b b b
o 1 New Term & Concept
b b b b
outsourcing
1 New Ethics Today feature—
b b b b
4
website, bin bwhole bor bin
bpart.
b b b b b b b
SOLUTION MANUAL b
Business Law: Text & Exercises (MindTap Course List)
b b b b b b b
10th Edition by Roger LeRoy Miller, William E. Hollowell
b b b b b b b bbb
1
website, bin bwhole bor bin
bpart.
, Business Law: Text & Exercises (MindTap Course List)
b b b b b b b
Chapter 1 b
Table of Contents b b
Purpose and Perspective of the Chapter ............................................................................................................... 2
b b b b b
Cengage Supplements .................................................................................................................................................. 2
b
List of Student Downloads ..................................................................................................................................... 2
b b b
Chapter Objectives ......................................................................................................................................................... 2
b
Key Terms........................................................................................................................................................................... 2
b
What's New in This Chapter ....................................................................................................................................... 3
b b b b
Chapter Outline ............................................................................................................................................................... 4
b
Discussion Questions..................................................................................................................................................... 8
b
Additional Resources .................................................................................................................................................. 10
b
Cengage Video Resources ................................................................................................................................... 10
b b
Appendix ......................................................................................................................................................................... 10
Generic Rubrics ........................................................................................................................................................ 10
b
Standard Writing Rubric ....................................................................................................................................... 10
b b
Standard Discussion Rubric ................................................................................................................................. 12
b b
2
website, bin bwhole bor bin
bpart.
, Business Law: Text & Exercises (MindTap Course List) b b b b b b b
Purpose and Perspective of the Chapter b b b b b
The purpose of this chapter is to examine the relationship between law and ethics. The
b b b b b b b b b b b b b b
chapterpresents issues involved to determining the ethical responsibilities of businesses and
b b b b b b b b b b b b
provides students a framework for analyzing and making ethical decisions.
b b b b b b b b b b
Cengage Supplements b
The following product-level supplements provide additional information that may help you
b b b b b b b b b b
inpreparing your course. They are available in the Instructor Resource Center.
b b b b b b b b b b b b
PowerPoint Deck b
List of Student Downloads
b b b
Students should download the following items from the Student Companion Center to
b b b b b b b b b b b
completethe activities and assignments related to this chapter:
b b b b b b b b b
PowerPoint Deck (without teaching notes, activities, or answers)b b b b b b b
Chapter Objectives b
The following objectives are addressed in this chapter:
b b b b b b b
1. Discuss how business can discourage unethical behavior b b b b b b
2. Explain the relationship between law and ethics b b b b b b
3. Compare duty-based ethics and utilitarian ethics b b b b b
4. Identify ethical problems in the global context b b b b b b
Key Terms b
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
b b b b b b b b b b b b b b
behavior in the world of business and the application of moral principles to situations that
b b b b b b b b b b b b b b b
arisein a business setting.
b b b b b
categorical imperative: A concept developed by the philosopher Immanuel Kant as an
b b b b b b b b b b b
ethicalguideline for behavior. In deciding whether an action is right or wrong, or desirable or
b b b b b b b b b b b b b b b b
undesirable, a person should evaluate the action in terms of what would happen if
b b b b b b b b b b b b b b
everybody else in the same situation, or category, acted the same way.
b b b b b b b b b b b b
corporate social responsibility (CSR): The concept that corporations can and should
b b b b b b b b b b
actethically and be accountable to society for their actions.
b b b b b b b b b b
cost-benefit analysis: A decision-making technique that involves weighing the costs of a
b b b b b b b b b b b
givenaction against the benefits of the action.
b b b b b b b b
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain
b b b b b b b b b b b b b
dutiesto others, including both humans and the planet. Those duties may be derived from
b b b b b b b b b b b b b b b
religious principles or from other philosophical reasoning.
b b b b b b b
ethical reasoning: A reasoning process in which an individual links his or her moral
b b b b b b b b b b b b b
convictionsor ethical standards to the particular situation at hand.
b b b b b b b b b b
3
website, bin bwhole bor bin
bpart.
, Business Law: Text & Exercises (MindTap Course List) b b b b b b b
ethics: Moral principles and values applied to social behavior.
b b b b b b b b
moral minimum: The minimum degree of ethical behavior expected of a business firm, which
b b b b b b b b b b b b b
bisusually defined as compliance with the law.
b b b b b b b
outcome-based ethics: An ethical philosophy that focuses on the impacts of a decision b b b b b b b b b b b b
bonsociety or on key stakeholders.
b b b b b
outsourcing: The practice by which a company hires an outside firm or individual to
b b b b b b b b b b b b b
bperformwork rather than hiring employees.
b b b b b
principle of rights: The principle that human beings have certain fundamental rights (to
b b b b b b b b b b b b
blife,freedom, and the pursuit of happiness, for example). A key factor in determining
b b b b b b b b b b b b b
bwhether a business decision is ethical under this theory is how that decision affects the
b b b b b b b b b b b b b b
brights of others,such as employees, consumers, suppliers, and the community.
b b b b b b b b b b
stakeholders: Groups, other than the company’s shareholders, that are affected by corporate
b b b b b b b b b b b
bdecisions. Stakeholders include employees, customers, creditors, suppliers, and the
b b b b b b b b
bcommunityin which the corporation operates. b b b b b
triple bottom line: The idea that investors and others should consider not only corporate
b b b b b b b b b b b b b
profits, but also the corporation’s impact on people and on the planet in assessing the firm.
b b b b b b b b b b b b b b b
b(Thebottom line is people, planet, and profits.)
b b b b b b b
utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related
b b b b b b b b b b b b
btoan evaluation of the consequences of a given action on those who will be affected by it. In
b b b b b b b b b b b b b b b b b b
utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest
b b b b b b b b b b b b b b b
bnumber of people affected by the decision.
b b b b b b
[return to top] b b
What's New in This Chapter b b b b
The following elements are improvements in this chapter from the previous edition:
b b b b b b b b b b b
New chapter title and chapter-opening introduction scenario discussing
b b b b b b b
b recenttechnology scandal involving finger-prick blood test kits
b b b b b b b
New chapter organization and subheads throughout (including new headings for
b b b b b b b b b
―outsourcing‖ and ―corruption‖) b b
New section on Making Ethical Business Decisions and new materials on Systematic
b b b b b b b b b b b
Approach: IDDR (―I desire to do right‖) that will be used throughout the text to
b b b b b b b b b b b b b b
b analyze ethics, including in all of the new ―A Question of Ethics‖ problems in the
b b b b b b b b b b b b b b
b remaining chapters. b
o New ―Application of the IDDR Approach‖ subsection with step-by-step
b b b b b b b b
discussionand sample scenario.
b b b b
1 New Exhibit 3–1: An Analysis of Ethical Approaches to the
b b b b b b b b b b
b SampleDilemma (for new IDDR Approach) b b b b b
o 1 New Term & Concept
b b b b
outsourcing
1 New Ethics Today feature—
b b b b
4
website, bin bwhole bor bin
bpart.
