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

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


Partww1:wwAnwwOverviewwwofwwBusinesswwEthicsw w 1:wwThe
ImportancewwofwwBusinesswwEthics
ww


2:wwStakeholderwwRelationships,wwSocialwwResponsibility,wwandwwCorporatewwGovernancew w 3:wwSustainabilit
y:wwEthicalwwandwwSocialwwResponsibilitywwDimensions
Partww2:wwEthicalwwIssueswwandwwthewwInstitutionalizationwwofwwBusinesswwEthicsw w 4:wwThewwInstituti
onalizationwwofwwBusinesswwEthics
5:wwEmergingwwBusinesswwEthicswwIssueswwwwPartww3:wwTh
ewwDecision-
MakingwwProcessw w 6:wwEthicalwwDecisionwwMaking
7:wwIndividualwwFactors:wwMoralwwPhilosophieswwandwwValues
8:wwOrganizationalwwFactors:wwThewwRolewwofwwEthicalwwCulturewwandwwRelationshipswwwwPartww4:wwImpleme
ntingwwBusinesswwEthicswwinwwawwGlobalwwEconomy
9:wwDevelopingwwandwwImplementingwwanwwEffectivewwEthicswwProgramw w 10:wwGlobalwwBu
sinesswwEthicswwIssues
11:wwEthicalwwLeadership
12:wwTechnology:wwEthicswwandwwSocialwwResponsibilitywwIssues

,1:wwThewwImportancewwofwwBusinesswwEthics

1. Principleswware
a. lawswwandwwregulationswwthatwwguidewwbehaviorwwinwwthewwworldwwofwwbusiness.
b. mores,wwvalues,wwandwwcustomswwthatwwguidewwbehaviorwwinwwgeneral.
c. specificwwandwwpervasivewwboundarieswwforwwbehaviorwwthatwwarewwuniversalwwandwwabsolute.
d. thewwobligationswwbusinesseswwassumewwtowwmaximizewwtheirwwpositivewwimpactwwandwwminimizewwtheirw
wnegativewwimpactwwonw w stakeholders.
e. thewwmores,wwvalues,wwandwwcustomswwthatwwparentswwteachwwtheirwwchildren.

ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.ww5
LEARNINGwwOBJECTIVES:w w LO:ww1-1ww-
wwExplorewwconceptualizationsww ofwwbusinesswwethicswwfromwwanwworganizationalw w

perspective.
NATIONALw w STANDARDS:wwwwwwUnitedwwStatesww-wwBUSPROG:ww Ethics
STATEw w STANDARDS: UnitedwwStatesww-wwNONEww-wwDISC:wwEthicalwwResponsibilitiesww -
wwEthicalwwResponsibilities

KEYWORDS: Blooms:wwComprehension

2. Socialwwresponsibilitywwis
a. anwworganization'swwobligationwwtowwmaximizewwitswwpositivewweffectswwandwwminimizewwitswwnegativewweffects
wwonwwstakeholders.
b. principleswwandwwstandardswwthatwwguidewwbehaviorwwinwwthewwworldwwofwwbusiness.
c. awwbusiness'swwresponsibilityww notwwtowwpollutewwthewwenvironment.
d. awwbusiness'swwresponsibilitywwtowwmanufacturewwproductswwthatwwfunctionwwproperly.
e. charitablewwcontributionswwmadewwbywwawwbusinesswwtowwenhancewwitswwimage.

ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p.ww23
LEARNINGww OBJECTIVES:www w LO:ww1-4ww-
wwGainwwinsightwwintowwthewwextentwwofwwethicalwwmisconductwwinwwthewwworkplaceww

andwwthew w pressureswwforwwunethicalwwbehavior.
NATIONALw w STANDARDS:wwwwwwUnitedwwStatesww-wwBUSPROG:ww Ethics
STATEw w STANDARDS: UnitedwwStatesww-wwNONEww-wwDISC:wwEthicalwwResponsibilitiesww -
wwEthicalwwResponsibilities

KEYWORDS: Blooms:wwKnowledge

, 3. The
was/werewwenactedwwtowwrestorewwconfidencewwinwwfinancialwwreportingwwandwwbusinesswwethicswwafterwwth
ewwaccountingw w scandalswwofwwthewwearlyww2000s.
a. DefensewwIndustrywwInitiativewwonwwBusinesswwEthicswwandwwConduct
b. Sarbanes-OxleywwAct
c. FederalwwSentencingwwGuidelineswwforwwOrganizations
d. ForeignwwCorruptwwPracticesww Act
e. Dodd-FrankwwWallwwStreetwwReformwwandwwConsumerwwProtectionwwAct

ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.ww13
LEARNINGwwOBJECTIVES:wwwwLO:ww1-2ww-
wwExaminewwthewwhistoricalwwfoundationswwandwwevolutionwwofwwbusinesswwethics.

NATIONALw w STANDARDS:wwwwwwUnitedwwStatesww-wwBUSPROG:ww Ethics
STATEw w STANDARDS: UnitedwwStatesww-wwNONEww-wwDISC:wwEthicalwwResponsibilitiesww -
wwEthicalwwResponsibilities

KEYWORDS: Blooms:wwKnowledge

4. Thewwtermwwbusinessw w ethicsww iswwbestwwdescribedwwbywwthewwfollowingwwstatement:
a. Itwwiswwthewwstudywwandwwphilosophywwofwwhumanwwconduct,wwwithwwanwwemphasiswwonwwdeterminingwwrightwwa
ndwwwrong.
b. Itwwiswwanww"inquirywwintowwthewwnaturewwandwwgroundswwofwwmoralitywwwherewwthewwtermwwmoralityw
wiswwtakenwwtowwmeanwwmoralw w judgments,wwstandardswwandwwruleswwofwwconduct."

c. Itwwiswwtheww"studywwofwwthewwgeneralwwnaturewwofwwmoralswwandwwofwwspecificwwmoralwwchoices;wwmoralwwp
hilosophy;wwandwwthewwruleswworw w standardswwgoverningwwthewwconductwwofwwthewwmemberswwofwwawwpr
ofession."
d. Itwwiswwanwworganization'swwobligationwwtowwmaximizewwitswwpositivewweffectswwandwwminimizewwit
swwnegativewweffectswwonw w stakeholders.
e. Itwwcompriseswwthewwprinciples,wwvalues,wwandwwstandardswwthatwwguidewwbehaviorwwinwwthewwworldwwofwwbusi
ness.

ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p.ww5
LEARNINGwwOBJECTIVES:w w LO:ww1-1ww-
wwExplorewwconceptualizationsww ofwwbusinesswwethicswwfromwwanwworganizationa

lw w perspective.
NATIONALw w STANDARDS:wwwwwwUnitedwwStatesww-wwBUSPROG:ww Ethics
STATEw w STANDARDS: UnitedwwStatesww-wwNONEww-wwDISC:wwEthicalwwResponsibilitiesww -
wwEthicalwwResponsibilities

KEYWORDS: Blooms:wwKnowledge