Business Ethics Ethical Decision Making and Cases 13th Edition by Ferrell - Complete Test Bank All Chapters 1-12

TEST BANK f




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 f f f




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. Principlesfare
a. lawsfandfregulationsfthatfguidefbehaviorfinfthefworldfoffbusiness.
b. mores,fvalues,fandfcustomsfthatfguidefbehaviorfinfgeneral.
c. specificfandfpervasivefboundariesfforfbehaviorfthatfarefuniversalfandfabsolute.
d. thefobligationsfbusinessesfassumeftofmaximizeftheirfpositivefimpactfandfminimizeftheirfnegativefimpactfonfsta
keholders.
e. thefmores,fvalues,fandfcustomsfthatfparentsfteachftheirfchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.f5
LEARNINGfOBJECTIVES:f LO:f1-1f-fExplorefconceptualizationsfoffbusinessfethicsffromfanforganizationalfperspective.
NATIONALf STANDARDS:f f UnitedfStatesf-fBUSPROG:f Ethics
STATEf STANDARDS: UnitedfStatesf-fNONEf-fDISC:fEthicalfResponsibilitiesf -fEthicalfResponsibilities
KEYWORDS: Blooms:fComprehension

2. Socialfresponsibilityfis
a. anforganization'sf obligationftofmaximizefitsfpositivefeffectsfandfminimizefitsfnegativefeffectsfonfstakeholders.
b. principlesfandfstandardsfthatfguidefbehaviorfinfthefworldfoffbusiness.
c. afbusiness'sfresponsibilityf notftofpollutefthefenvironment.
d. afbusiness'sfresponsibilityftofmanufacturefproductsfthatffunctionfproperly.
e. charitablefcontributionsfmadefbyfafbusinessftofenhancefitsfimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.f23
LEARNINGf OBJECTIVES:f LO:f1-4f-
fGainfinsightfintofthefextentfoffethicalfmisconductfinfthefworkplacefandfthefpressuresfforfunet

hicalfbehavior.
NATIONALf STANDARDS:f f UnitedfStatesf-fBUSPROG:f Ethics
STATEf STANDARDS: UnitedfStatesf-fNONEf-fDISC:fEthicalfResponsibilitiesf -fEthicalfResponsibilities
KEYWORDS: Blooms:fKnowledge

, 3. Thef
was/werefenactedftofrestorefconfidencefinffinancialfreportingfandfbusinessfethicsfafterfthefaccountingfsca
ndalsfoffthefearlyf2000s.
a. DefensefIndustryfInitiativefonfBusinessfEthicsfandfConduct
b. Sarbanes-OxleyfAct
c. FederalfSentencingfGuidelinesfforfOrganizations
d. ForeignfCorruptfPracticesfAct
e. Dodd-FrankfWallfStreetfReformfandfConsumerfProtectionfAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.f13
LEARNINGfOBJECTIVES:f LO:f1-2f-fExaminefthefhistoricalffoundationsfandfevolutionfoffbusinessfethics.
NATIONALf STANDARDS:f f UnitedfStatesf-fBUSPROG:f Ethics
STATEf STANDARDS: UnitedfStatesf-fNONEf-fDISC:fEthicalfResponsibilitiesf -fEthicalfResponsibilities
KEYWORDS: Blooms:fKnowledge

4. Theftermfbusinessf ethicsf isfbestfdescribedfbyftheffollowingf statement:
a. Itfisfthefstudyfandfphilosophyfoffhumanfconduct,fwithfanfemphasisfonfdeterminingfrightfandfwrong.
b. Itfisfanf"inquiryfintofthefnaturefandfgroundsfoffmoralityfwhereftheftermfmoralityfisftakenftofmeanfmoralfjudg
ments,fstandardsfandfrulesfoffconduct."
c. Itfisfthef"studyfoffthefgeneralfnaturefoffmoralsfandfoffspecificfmoralfchoices;fmoralfphilosophy;fandfthefrulesforfst
andardsfgoverningfthefconductfoffthefmembersfoffafprofession."
d. Itfisfanforganization'sfobligationftofmaximizefitsfpositivefeffectsfandfminimizefitsfnegativefeffectsfonfsta
keholders.
e. Itfcomprisesfthefprinciples,fvalues,fandfstandardsfthatfguidefbehaviorfinfthefworldfoffbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.f5
LEARNINGfOBJECTIVES:f LO:f1-1f-fExplorefconceptualizationsfoffbusinessfethicsffromfanforganizationalfperspective.
NATIONALf STANDARDS:f f UnitedfStatesf-fBUSPROG:f Ethics
STATEf STANDARDS: UnitedfStatesf-fNONEf-fDISC:fEthicalfResponsibilitiesf -fEthicalfResponsibilities
KEYWORDS: Blooms:fKnowledge