TESTBANK t
Business Ethics Ethical Decision Making and Cases, 13th Edition
t t t t t t t t
By O. C. Ferrell, John Fraedrich, All Chapters1 - 12
t t t t t t t t t t
,TABLEtOFtCONTENTS t
Part t1: tAn tOverview tof tBusiness tEthics t 1: tThe
Importance tof tBusiness tEthics
t
2: tStakeholder tRelationships, tSocial tResponsibility, tand tCorporate tGovernance t 3: tSustainability: tEthical
and tSocial tResponsibility tDimensions
t
Part t2: tEthical tIssues tand tthe tInstitutionalization tof tBusiness tEthics t 4: tThe
Institutionalization tof tBusiness tEthics
t
5: tEmerging tBusiness tEthics tIssues t tPart t3: tThe
Decision-Making tProcess t 6: tEthical tDecision
t
Making
t
7: tIndividual tFactors: tMoral tPhilosophies tand tValues
8: tOrganizational tFactors: tThe tRole tof tEthical tCulture tand tRelationships t tPart t4: tImplementing
Business tEthics tin ta tGlobal tEconomy
t
9: tDeveloping tand tImplementing tan tEffective tEthics tProgram t 10: tGlobal tBusiness
Ethics tIssues
t
11: tEthical tLeadership
12: tTechnology: tEthics tand tSocial tResponsibility tIssues
,1: tThe tImportance tof tBusiness tEthics
1. Principles tare
a. laws tand tregulations tthat tguide tbehavior tin tthe tworld tof tbusiness.
b. mores, tvalues, tand tcustoms tthat tguide tbehavior tin tgeneral.
c. specific tand tpervasive tboundaries tfor tbehavior tthat tare tuniversal tand tabsolute.
d. the tobligations tbusinesses tassume tto tmaximize ttheir tpositive timpact tand tminimize ttheir tnegative
impact ton t stakeholders.
t
e. the tmores, tvalues, tand tcustoms tthat tparents tteach ttheir tchildren.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. t5
LEARNING tOBJECTIVES: t LO: t1-1 t- tExplore tconceptualizations tof tbusiness tethics tfrom tan torganizational
t perspective.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tComprehension
2. Social tresponsibility tis
a. an torganization's t obligation tto tmaximize tits tpositive teffects tand tminimize tits tnegative teffects ton
stakeholders.
t
b. principles tand tstandards tthat tguide tbehavior tin tthe tworld tof tbusiness.
c. a tbusiness's tresponsibility tnot tto tpollute tthe tenvironment.
d. a tbusiness's tresponsibility tto tmanufacture tproducts tthat tfunction tproperly.
e. charitable tcontributions tmade tby ta tbusiness tto tenhance tits timage.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. t23
LEARNING t OBJECTIVES: t
t LO: t1-4 t- tGain tinsight tinto tthe textent tof tethical tmisconduct tin tthe tworkplace
tand tthe t pressures tfor tunethical tbehavior.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tKnowledge
, 3. The was/were tenacted tto trestore tconfidence tin tfinancial treporting tand tbusiness tethics tafter
tthe taccounting t scandals tof tthe tearly t2000s.
a. Defense tIndustry tInitiative ton tBusiness tEthics tand tConduct
b. Sarbanes-Oxley tAct
c. Federal tSentencing tGuidelines tfor tOrganizations
d. Foreign tCorrupt tPractices t Act
e. Dodd-Frank tWall tStreet tReform tand tConsumer tProtection tAct
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. t13
LEARNING tOBJECTIVES: t tLO: t1-2 t- tExamine tthe thistorical tfoundations tand tevolution tof tbusiness tethics.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tKnowledge
4. The tterm tbusiness t ethics t is tbest tdescribed tby tthe tfollowing tstatement:
a. It tis tthe tstudy tand tphilosophy tof thuman tconduct, twith tan temphasis ton tdetermining tright tand twrong.
b. It tis tan t"inquiry tinto tthe tnature tand tgrounds tof tmorality twhere tthe tterm tmorality tis ttaken tto
tmean tmoral t judgments, tstandards tand trules tof tconduct."
c. It tis tthe t"study tof tthe tgeneral tnature tof tmorals tand tof tspecific tmoral tchoices; tmoral tphilosophy; tand
tthe trules tor t standards tgoverning tthe tconduct tof tthe tmembers tof ta tprofession."
d. It tis tan torganization's tobligation tto tmaximize tits tpositive teffects tand tminimize tits tnegative
teffects ton t stakeholders.
e. It tcomprises tthe tprinciples, tvalues, tand tstandards tthat tguide tbehavior tin tthe tworld tof tbusiness.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. t5
LEARNING tOBJECTIVES: t LO: t1-1 t- tExplore tconceptualizations tof tbusiness tethics tfrom tan
torganizational t perspective.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tKnowledge
Business Ethics Ethical Decision Making and Cases, 13th Edition
t t t t t t t t
By O. C. Ferrell, John Fraedrich, All Chapters1 - 12
t t t t t t t t t t
,TABLEtOFtCONTENTS t
Part t1: tAn tOverview tof tBusiness tEthics t 1: tThe
Importance tof tBusiness tEthics
t
2: tStakeholder tRelationships, tSocial tResponsibility, tand tCorporate tGovernance t 3: tSustainability: tEthical
and tSocial tResponsibility tDimensions
t
Part t2: tEthical tIssues tand tthe tInstitutionalization tof tBusiness tEthics t 4: tThe
Institutionalization tof tBusiness tEthics
t
5: tEmerging tBusiness tEthics tIssues t tPart t3: tThe
Decision-Making tProcess t 6: tEthical tDecision
t
Making
t
7: tIndividual tFactors: tMoral tPhilosophies tand tValues
8: tOrganizational tFactors: tThe tRole tof tEthical tCulture tand tRelationships t tPart t4: tImplementing
Business tEthics tin ta tGlobal tEconomy
t
9: tDeveloping tand tImplementing tan tEffective tEthics tProgram t 10: tGlobal tBusiness
Ethics tIssues
t
11: tEthical tLeadership
12: tTechnology: tEthics tand tSocial tResponsibility tIssues
,1: tThe tImportance tof tBusiness tEthics
1. Principles tare
a. laws tand tregulations tthat tguide tbehavior tin tthe tworld tof tbusiness.
b. mores, tvalues, tand tcustoms tthat tguide tbehavior tin tgeneral.
c. specific tand tpervasive tboundaries tfor tbehavior tthat tare tuniversal tand tabsolute.
d. the tobligations tbusinesses tassume tto tmaximize ttheir tpositive timpact tand tminimize ttheir tnegative
impact ton t stakeholders.
t
e. the tmores, tvalues, tand tcustoms tthat tparents tteach ttheir tchildren.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. t5
LEARNING tOBJECTIVES: t LO: t1-1 t- tExplore tconceptualizations tof tbusiness tethics tfrom tan torganizational
t perspective.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tComprehension
2. Social tresponsibility tis
a. an torganization's t obligation tto tmaximize tits tpositive teffects tand tminimize tits tnegative teffects ton
stakeholders.
t
b. principles tand tstandards tthat tguide tbehavior tin tthe tworld tof tbusiness.
c. a tbusiness's tresponsibility tnot tto tpollute tthe tenvironment.
d. a tbusiness's tresponsibility tto tmanufacture tproducts tthat tfunction tproperly.
e. charitable tcontributions tmade tby ta tbusiness tto tenhance tits timage.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. t23
LEARNING t OBJECTIVES: t
t LO: t1-4 t- tGain tinsight tinto tthe textent tof tethical tmisconduct tin tthe tworkplace
tand tthe t pressures tfor tunethical tbehavior.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tKnowledge
, 3. The was/were tenacted tto trestore tconfidence tin tfinancial treporting tand tbusiness tethics tafter
tthe taccounting t scandals tof tthe tearly t2000s.
a. Defense tIndustry tInitiative ton tBusiness tEthics tand tConduct
b. Sarbanes-Oxley tAct
c. Federal tSentencing tGuidelines tfor tOrganizations
d. Foreign tCorrupt tPractices t Act
e. Dodd-Frank tWall tStreet tReform tand tConsumer tProtection tAct
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. t13
LEARNING tOBJECTIVES: t tLO: t1-2 t- tExamine tthe thistorical tfoundations tand tevolution tof tbusiness tethics.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tKnowledge
4. The tterm tbusiness t ethics t is tbest tdescribed tby tthe tfollowing tstatement:
a. It tis tthe tstudy tand tphilosophy tof thuman tconduct, twith tan temphasis ton tdetermining tright tand twrong.
b. It tis tan t"inquiry tinto tthe tnature tand tgrounds tof tmorality twhere tthe tterm tmorality tis ttaken tto
tmean tmoral t judgments, tstandards tand trules tof tconduct."
c. It tis tthe t"study tof tthe tgeneral tnature tof tmorals tand tof tspecific tmoral tchoices; tmoral tphilosophy; tand
tthe trules tor t standards tgoverning tthe tconduct tof tthe tmembers tof ta tprofession."
d. It tis tan torganization's tobligation tto tmaximize tits tpositive teffects tand tminimize tits tnegative
teffects ton t stakeholders.
e. It tcomprises tthe tprinciples, tvalues, tand tstandards tthat tguide tbehavior tin tthe tworld tof tbusiness.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. t5
LEARNING tOBJECTIVES: t LO: t1-1 t- tExplore tconceptualizations tof tbusiness tethics tfrom tan
torganizational t perspective.
NATIONAL t STANDARDS: t t t United tStates t- tBUSPROG: t Ethics
STATE t STANDARDS: United tStates t- tNONE t- tDISC: tEthical tResponsibilities t - tEthical tResponsibilities
KEYWORDS: Blooms: tKnowledge
