Business Ethics Ethical Decision Making and Cases, 13th Edition by o c ferrell test bank

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

,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics
1: The Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance
3: Sustainability: Ethical and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics
4: The Institutionalization of Business Ethics
5: Emerging Business Ethics Issues
Part 3: The Decision-Making Process
6: Ethical Decision Making
7: Individual Factors: Moral Philosophies and Values
8: Organizational Factors: The Role of Ethical Culture and Relationships
Part 4: Implementing Business Ethics in a Global Economy
9: Developing and Implementing an Effective Ethics Program
10: Global Business Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues

,1: The Importance of Business Ethics

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
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.
c. a business's responsibility not to pollute the environment.
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its image.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
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.
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

4. The hterm h business h ethics h is hbest hdescribed h by hthe hfollowing h statement:
a. It his hthe hstudy hand hphilosophy hof hhuman hconduct, hwith han hemphasis hon hdetermining hright hand hwrong.
b. It his han h"inquiry hinto hthe hnature hand hgrounds hof hmorality hwhere hthe hterm hmorality his htaken hto
hmean hmoral h judgments, hstandards hand hrules hof hconduct."

c. It his hthe h"study hof hthe hgeneral hnature hof hmorals hand hof hspecific hmoral hchoices; hmoral hphilosophy;
hand hthe hrules h or hstandards hgoverning hthe hconduct hof hthe hmembers hof ha hprofession."

d. It his han horganization's hobligation hto hmaximize hits hpositive heffects hand hminimize hits hnegative
heffects hon h stakeholders.

e. It hcomprises hthe hprinciples, hvalues, hand hstandards hthat hguide hbehavior hin hthe hworld hof hbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. h5
LEARNING hOBJECTIVES: h LO: h1-1 h- hExplore hconceptualizations h of hbusiness hethics hfrom han
horganizational h perspective.

NATIONAL h STANDARDS: h h h United hStates h- hBUSPROG: h Ethics
STATE h STANDARDS: United hStates h- hNONE h- hDISC: hEthical hResponsibilities h - hEthical
hResponsibilities

KEYWORDS: Blooms: hKnowledge