TEST BANK
Business Ethics: Ethical Decision Making and Cases
O. C. Ferrell
10th Edition
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,Table of Contents
Part I: An Overview of Business Ethics
1. The Importance of Business Ethics
2. Stakeholder Relationships, Social Responsibility, and Corporate Governance
Part II: Ethical Issues and the Institutionalization of Business Ethics
3. Emerging Business Ethics Issues
4. The Institutionalization of Business Ethics
Part III: The Decision-Making Process
5. Ethical Decision Making
6. Individual Factors: Moral Philosophies and Values
7. Organizational Factors: The Role of Ethical Culture and Relationships
Part IV: Implementing Business Ethics in a Global Economy
8. Developing an Effective Ethics Program
9. Managing and Controlling Ethics Programs
10. Globalization of Ethical Decision Making
11. Ethical Leadership
12. Sustainability: Ethical and Social Responsibility Dimensions
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,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
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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.
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d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its image.
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ANSWER: a
POINTS: 1
SE
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 term business ethics is best described by the following statement:
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a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
judgments, standards and rules of conduct."
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
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or standards governing the conduct of the members of a profession."
d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on
stakeholders.
R
e. It comprises the principles, values, and standards that guide behavior in the world of business.
ANSWER: e
SE
POINTS: 1
DIFFICULTY: Moderate
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: Knowledge
Business Ethics: Ethical Decision Making and Cases
O. C. Ferrell
10th Edition
JN
U
R
SE
,Table of Contents
Part I: An Overview of Business Ethics
1. The Importance of Business Ethics
2. Stakeholder Relationships, Social Responsibility, and Corporate Governance
Part II: Ethical Issues and the Institutionalization of Business Ethics
3. Emerging Business Ethics Issues
4. The Institutionalization of Business Ethics
Part III: The Decision-Making Process
5. Ethical Decision Making
6. Individual Factors: Moral Philosophies and Values
7. Organizational Factors: The Role of Ethical Culture and Relationships
Part IV: Implementing Business Ethics in a Global Economy
8. Developing an Effective Ethics Program
9. Managing and Controlling Ethics Programs
10. Globalization of Ethical Decision Making
11. Ethical Leadership
12. Sustainability: Ethical and Social Responsibility Dimensions
JN
U
R
SE
,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
JN
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.
U
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its image.
R
ANSWER: a
POINTS: 1
SE
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 term business ethics is best described by the following statement:
JN
a. It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral
judgments, standards and rules of conduct."
c. It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules
U
or standards governing the conduct of the members of a profession."
d. It is an organization's obligation to maximize its positive effects and minimize its negative effects on
stakeholders.
R
e. It comprises the principles, values, and standards that guide behavior in the world of business.
ANSWER: e
SE
POINTS: 1
DIFFICULTY: Moderate
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: Knowledge
