TEST BANK Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12 (2026)

TEST BANK Business Ethics Ethical Decision Making and Cases, 13th
Edition By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12


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,TABLE OF CONTENTS x x




Part 1: An Overview of Business Ethics
x x x x x x




x 1: The Importance of Business Ethics
x x x x x




2: Stakeholder Relationships, Social Responsibility, and Corporate
x x x x x x




x Governance

3: Sustainability: Ethical and Social Responsibility Dimensions
x x x x x x




Part 2: Ethical Issues and the Institutionalization of Business Ethics
x x x x x x x x x




x 4: The Institutionalization of Business Ethics
x x x x x




5: Emerging Business Ethics Issues
x x x x




x Part 3: The Decision-Making Process
x x x x




x 6: Ethical Decision Making
x x x




7: Individual Factors: Moral Philosophies and Values
x x x x x x




8: Organizational Factors: The Role of Ethical Culture and Relationships
x x x x x x x x x




x Part 4: Implementing Business Ethics in a Global Economy
x x x x x x x x




9: Developing and Implementing an Effective Ethics Program
x x x x x x x




x 10: Global Business Ethics Issues
x x x x




11: Ethical Leadership
x x




12: Technology: Ethics and Social Responsibility Issues
x x x x x x

, 1 The Importance of Business Ethics
x x x x x




1. Principles are x


a. laws and regulations that guide behavior in the world of business.
x x x x x x x x x x



b. mores, values, and customs that guide behavior in general.
x x x x x x x x



c. specific and pervasive boundaries for behavior that are universal and absolute.
x x x x x x x x x x



d. the obligations businesses assume to maximize their positive impact and minimize their negative
x x x x x x x x x x x x


ximpact onstakeholders. x



e. the mores, values, and customs that parents teach their children.
x x x x x x x x x




ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 x



LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an
x x x x x x x x x x x


organizational perspective. x x



NATIONAL STANDARDS: United States - BUSPROG: Ethics
x x x x x x



STATE STANDARDS: x United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
x x x x x x x x x x



KEYWORDS: Blooms: Comprehension x




2. Social responsibility is
x x


a. an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
x x x x x x x x x x x x x x



b. principles and standards that guide behavior in the world of business.
x x x x x x x x x x



c. a business's responsibility not to pollute the environment.
x x x x x x x



d. a business's responsibility to manufacture products that function properly.
x x x x x x x x



e. charitable contributions made by a business to enhance its image.
x x x x x x x x x




ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 x



LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and the
x x x x x x x x x x x x x x x x x


pressures for unethical behavior. x x x x



NATIONAL STANDARDS: United States - BUSPROG: Ethics
x x x x x x



STATE STANDARDS: x United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
x x x x x x x x x x



KEYWORDS: Blooms: Knowledge x

, 3. The was/were enacted to restore confidence in financial reporting and business ethics after the
x x x x x x x x x x x x


x accountingscandals of the early 2000s. x x x x


a. Defense Industry Initiative on Business Ethics and Conduct
x x x x x x x



b. Sarbanes-Oxley Act x



c. Federal Sentencing Guidelines for Organizations
x x x x



d. Foreign Corrupt Practices Actx x x



e. Dodd-Frank Wall Street Reform and Consumer Protection Act
x x x x x x x




ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 x



LEARNING OBJECTIVES: LO: 1-2 - Examine the historical foundations and evolution of business ethics.
x x x x x x x x x x x x x



NATIONAL STANDARDS: United States - BUSPROG: Ethics
x x x x x x



STATE STANDARDS:x United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities x x x x x x x x x x



KEYWORDS: Blooms: Knowledge x




4. The term business ethics is best described by the following statement:
x x x x x x x x x x


a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
x x x x x x x x x x x x x x x x



b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to
x x x x x x x x x x x x x x x x x


mean moraljudgments, standards and rules of conduct."
x x x x x x x



c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and
x x x x x x x x x x x x x x x x x


the rulesor standards governing the conduct of the members of a profession."
x x x x x x x x x x x x



d. It is an organization's obligation to maximize its positive effects and minimize its negative
x x x x x x x x x x x x x


effects onstakeholders.
x x



e. It comprises the principles, values, and standards that guide behavior in the world of business.
x x x x x x x x x x x x x x




ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 x



LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an
x x x x x x x x x x x


organizational perspective. x x



NATIONAL STANDARDS: United States - BUSPROG: Ethics
x x x x x x



STATE STANDARDS:x United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
x x x x x x x x x x



KEYWORDS: Blooms: Knowledge x