Test Bank For Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich, Ferrell

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

,TABLE OF CONTENTS
jp jp jp




Partjp1:jpAnjpOverviewjpofjpBusinessjpEthics
1:jpThejpImportancejpofjpBusinessjpEthics
2:jpStakeholderjpRelationships,jpSocialjpResponsibility,jpandjpCorporatejpGovernance
3:jpSustainability:jpEthicaljpandjpSocialjpResponsibilityjpDimensions
Partjp2:jpEthicaljpIssuesjpandjpthejpInstitutionalizationjpofjpBusinessjpEthics
4:jpThejpInstitutionalizationjpofjpBusinessjpEthics
5:jpEmergingjpBusinessjpEthicsjpIssues
Partjp3:jpThejpDecision-MakingjpProcess
6:jpEthicaljpDecisionjpMaking
7:jpIndividualjpFactors:jpMoraljpPhilosophiesjpandjpValues
8:jpOrganizationaljpFactors:jpThejpRolejpofjpEthicaljpCulturejpandjpRelationships
Partjp4:jpImplementingjpBusinessjpEthicsjpinjpajpGlobaljpEconomy
9:jpDevelopingjpandjpImplementingjpanjpEffectivejpEthicsjpProgram
10:jpGlobaljpBusinessjpEthicsjpIssues
11:jpEthicaljpLeadership
12:jpTechnology:jpEthicsjpandjpSocialjpResponsibilityjpIssues

,1: The Importance of Business Ethics
jp jp jp jp jp




1. Principlesjpare
a. lawsjpandjpregulationsjpthatjpguidejpbehaviorjpinjpthejpworldjpofjpbusiness.
b. mores,jpvalues,jpandjpcustomsjpthatjpguidejpbehaviorjpinjpgeneral.
c. specificjpandjppervasivejpboundariesjpforjpbehaviorjpthatjparejpuniversaljpandjpabsolute.
d. thejpobligationsjpbusinessesjpassumejptojpmaximizejptheirjppositivejpimpactjpandjpminimizejptheirjpnegativejpimp
actjponjpstakeholders.
e. thejpmores,jpvalues,jpandjpcustomsjpthatjpparentsjpteachjptheirjpchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.jp5
LEARNINGjpOBJECTIVES:j p LO:jp1-1jp-
jpExplorejpconceptualizationsjp ofjpbusinessjpethicsjpfromjpanjporganizationaljpperspective.

NATIONALj p STANDARDS:j p j p UnitedjpStatesjp-jpBUSPROG:jp Ethics
STATEj p STANDARDS: UnitedjpStatesjp-jpNONEjp-jpDISC:jpEthicaljpResponsibilitiesjp -jpEthicaljpResponsibilities
KEYWORDS: Blooms:jpComprehension

2. Socialjpresponsibilityjpis
a. anjporganization'sjp obligationjptojpmaximizejpitsjppositivejpeffectsjpandjpminimizejpitsjpnegativejpeffectsjponjpstakeholders
.
b. principlesjpandjpstandardsjpthatjpguidejpbehaviorjpinjpthejpworldjpofjpbusiness.
c. ajpbusiness'sjpresponsibilityjp notjptojppollutejpthejpenvironment.
d. ajpbusiness'sjpresponsibilityjptojpmanufacturejpproductsjpthatjpfunctionjpproperly.
e. charitablejpcontributionsjpmadejpbyjpajpbusinessjptojpenhancejpitsjpimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.jp23
LEARNINGjp OBJECTIVES:j p LO:jp1-4jp-
jpGainjpinsightjpintojpthejpextentjpofjpethicaljpmisconductjpinjpthejpworkplacejpandjpthejppress
uresjpforjpunethicaljpbehavior.
NATIONALj p STANDARDS:j p j p UnitedjpStatesjp-jpBUSPROG:jp Ethics
STATEj p STANDARDS: UnitedjpStatesjp-jpNONEjp-jpDISC:jpEthicaljpResponsibilitiesjp -jpEthicaljpResponsibilities
KEYWORDS: Blooms:jpKnowledge

, 3. Thejp
was/werejpenactedjptojprestorejpconfidencejpinjpfinancialjpreportingjpandjpbusinessjpethicsjpafterjpthejpacc
ountingjpscandalsjpofjpthejpearlyjp2000s.
a. DefensejpIndustryjpInitiativejponjpBusinessjpEthicsjpandjpConduct
b. Sarbanes-Oxleyjp Act
c. FederaljpSentencingjpGuidelinesjpforjpOrganizations
d. ForeignjpCorruptjpPracticesjp Act
e. Dodd-Frankjp WalljpStreetjpReformjpandjpConsumerjpProtectionjpAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.jp13
LEARNINGjpOBJECTIVES:j p LO:jp1-2jp-jpExaminejpthejphistoricaljpfoundationsjpandjpevolutionjpofjpbusinessjpethics.
NATIONALj p STANDARDS:j p j p UnitedjpStatesjp-jpBUSPROG:jp Ethics
STATEj p STANDARDS: UnitedjpStatesjp-jpNONEjp-jpDISC:jpEthicaljpResponsibilitiesjp -jpEthicaljpResponsibilities
KEYWORDS: Blooms:jpKnowledge

4. Thejptermjp businessj p ethicsjp isjpbestjpdescribedjp byjpthejpfollowingjp statement:
a. Itjpisjpthejpstudyjpandjpphilosophyjpofjphumanjpconduct,jpwithjpanjpemphasisjponjpdeterminingjprightjpandjpwrong.
b. Itjpisjpanjp"inquiryjpintojpthejpnaturejpandjpgroundsjpofjpmoralityjpwherejpthejptermjpmoralityjpisjptakenjptojpm
eanjpmoraljpjudgments,jpstandardsjpandjprulesjpofjpconduct."
c. Itjpisjpthejp"studyjpofjpthejpgeneraljpnaturejpofjpmoralsjpandjpofjpspecificjpmoraljpchoices;jpmoraljpphilosophy;jpand
jpthejprulesjporjpstandardsjpgoverningjpthejpconductjpofjpthejpmembersjpofjpajpprofession."

d. Itjpisjpanjporganization'sjpobligationjptojpmaximizejpitsjppositivejpeffectsjpandjpminimizejpitsjpnegativejpeff
ectsjponjpstakeholders.
e. Itjpcomprisesjpthejpprinciples,jpvalues,jpandjpstandardsjpthatjpguidejpbehaviorjpinjpthejpworldjpofjpbusiness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.jp5
LEARNINGjpOBJECTIVES:j p LO:jp1-1jp-
jpExplorejpconceptualizationsjp ofjpbusinessjpethicsjpfromjpanjporganizationaljpperspective.

NATIONALj p STANDARDS:j p j p UnitedjpStatesjp-jpBUSPROG:jp Ethics
STATEj p STANDARDS: UnitedjpStatesjp-jpNONEjp-jpDISC:jpEthicaljpResponsibilitiesjp -jpEthicaljpResponsibilities
KEYWORDS: Blooms:jpKnowledge