Business Law: Text & Exercises (MindTap Course List)
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline................................................................................................................................................................ 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources ...................................................................................................................................................10
Cengage Video Resources ....................................................................................................................................10
Appendix ..........................................................................................................................................................................10
Generic Rubrics..........................................................................................................................................................10
Standard Writing Rubric ........................................................................................................................................10
Standard Discussion Rubric ..................................................................................................................................12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: n,Moral n,principles n,and n,values n,applied n,to n,social n,behavior.
moral n,minimum: n,The n,minimum n,degree n,of n,ethical n,behavior n,expected n,of n,a n,business n,firm,
n,which n,isn u
, sually n,defined n,as n,compliance n,with n,the n,law.
outcome-based n,ethics: n,An n,ethical n,philosophy n,that n,focuses n,on n,the n,impacts n,of n,a
n,decision n,onn s, ociety n,or n,on n,key n,stakeholders.
outsourcing: n,The n,practice n,by n,which n,a n,company n,hires n,an n,outside n,firm n,or n,individual n,to
n,performn w
, ork n,rather n,than n,hiring n,employees.
principle n,of n,rights: n,The n,principle n,that n,human n,beings n,have n,certain n,fundamental n,rights
n,(to n,life,n
f, reedom, n,and n,the n,pursuit n,of n,happiness, n,for n,example). n,A n,key n,factor n,in
n,determining n,whether n,a n,business n,decision n,is n,ethical n,under n,this n,theory n,is n,how n,that
n,decision n,affects n,the n,rights n,of n,others,n s, uch n,as n,employees, n,consumers, n,suppliers, n,and n,the
n,community.
stakeholders: n,Groups, n,other n,than n,the n,company’s n,shareholders, n,that n,are n,affected n,by
n,corporate n,decisions. n,Stakeholders n,include n,employees, n,customers, n,creditors, n,suppliers, n,and
n,the n,communityn i, n n,which n,the n,corporation n,operates.
triple n,bottom n,line: n,The n,idea n,that n,investors n,and n,others n,should n,consider n,not n,only n,corporate
profits, n,but n,also n,the n,corporation’s n,impact n,on n,people n,and n,on n,the n,planet n,in n,assessing n,the
n,firm. n,(Then b
, ottom n,line n,is n,people, n,planet, n,and n,profits.)
utilitarianism: n,An n,approach n,to n,ethical n,reasoning n,in n,which n,ethically n,correct n,behavior n,is
n,related n,ton a
, n n,evaluation n,of n,the n,consequences n,of n,a n,given n,action n,on n,those n,who n,will n,be
n,affected n,by n,it. n,In
utilitarian n,reasoning, n,a n,―good‖ n,decision n,is n,one n,that n,results n,in n,the n,greatest n,good n,for n,the
n,greatest n,number n,of n,people n,affected n,by n,the n,decision.
[return n,to n,top]
What's New in This Chapter
n, n, n, n,
The n,following n,elements n,are n,improvements n,in n,this n,chapter n,from n,the n,previous n,edition:
• New n,chapter n,title n,and n,chapter-opening n,introduction n,scenario n,discussing
n, recenttn, echnology n,scandal n,involving n,finger-prick n,blood n,test n,kits
• New n,chapter n,organization n,and n,subheads n,throughout n,(including n,new n,headings n,for
―outsourcing‖ n,and n,―corruption‖)
• New n,section n,on n,Making n,Ethical n,Business n,Decisions n,and n,new n,materials n,on n,Systematic
Approach: n,IDDR n,(―I n,desire n,to n,do n,right‖) n,that n,will n,be n,used n,throughout n,the n,text n,to
n, analyze n,ethics, n,including n,in n,all n,of n,the n,new n,―A n,Question n,of n,Ethics‖ n,problems n,in
n, the n,remaining n,chapters.
o New n,―Application n,of n,the n,IDDR n,Approach‖ n,subsection n,with n,step-by-step
n,discussionn
a
, nd n,sample n,scenario.
• 1 n,New n,Exhibit n,3–1: n,An n,Analysis n,of n,Ethical n,Approaches n,to n,the
n, SampleD
, ilemma n,(for n,new n,IDDR n,Approach)
n
o 1 n,New n,Term n,& n,Concept
• outsourcing
4
website, in whole or in part.
SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
1
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Chapter 1
Table of Contents
Purpose and Perspective of the Chapter................................................................................................................ 2
Cengage Supplements .................................................................................................................................................. 2
List of Student Downloads ...................................................................................................................................... 2
Chapter Objectives ......................................................................................................................................................... 2
Key Terms ........................................................................................................................................................................... 2
What's New in This Chapter ........................................................................................................................................ 3
Chapter Outline................................................................................................................................................................ 4
Discussion Questions ..................................................................................................................................................... 8
Additional Resources ...................................................................................................................................................10
Cengage Video Resources ....................................................................................................................................10
Appendix ..........................................................................................................................................................................10
Generic Rubrics..........................................................................................................................................................10
Standard Writing Rubric ........................................................................................................................................10
Standard Discussion Rubric ..................................................................................................................................12
2
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The chapter
presents issues involved to determining the ethical responsibilities of businesses and provides
students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
• PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
• PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key Terms
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
behavior in the world of business and the application of moral principles to situations that arise
in a business setting.
categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
guideline for behavior. In deciding whether an action is right or wrong, or desirable or
undesirable, a person should evaluate the action in terms of what would happen if everybody
else in the same situation, or category, acted the same way.
corporate social responsibility (CSR): The concept that corporations can and should act
ethically and be accountable to society for their actions.
cost-benefit analysis: A decision-making technique that involves weighing the costs of a given
action against the benefits of the action.
duty-based ethics: An ethical philosophy rooted in the idea that every person has certain duties
to others, including both humans and the planet. Those duties may be derived from religious
principles or from other philosophical reasoning.
ethical reasoning: A reasoning process in which an individual links his or her moral convictions
or ethical standards to the particular situation at hand.
3
website, in whole or in part.
, Business Law: Text & Exercises (MindTap Course List)
ethics: n,Moral n,principles n,and n,values n,applied n,to n,social n,behavior.
moral n,minimum: n,The n,minimum n,degree n,of n,ethical n,behavior n,expected n,of n,a n,business n,firm,
n,which n,isn u
, sually n,defined n,as n,compliance n,with n,the n,law.
outcome-based n,ethics: n,An n,ethical n,philosophy n,that n,focuses n,on n,the n,impacts n,of n,a
n,decision n,onn s, ociety n,or n,on n,key n,stakeholders.
outsourcing: n,The n,practice n,by n,which n,a n,company n,hires n,an n,outside n,firm n,or n,individual n,to
n,performn w
, ork n,rather n,than n,hiring n,employees.
principle n,of n,rights: n,The n,principle n,that n,human n,beings n,have n,certain n,fundamental n,rights
n,(to n,life,n
f, reedom, n,and n,the n,pursuit n,of n,happiness, n,for n,example). n,A n,key n,factor n,in
n,determining n,whether n,a n,business n,decision n,is n,ethical n,under n,this n,theory n,is n,how n,that
n,decision n,affects n,the n,rights n,of n,others,n s, uch n,as n,employees, n,consumers, n,suppliers, n,and n,the
n,community.
stakeholders: n,Groups, n,other n,than n,the n,company’s n,shareholders, n,that n,are n,affected n,by
n,corporate n,decisions. n,Stakeholders n,include n,employees, n,customers, n,creditors, n,suppliers, n,and
n,the n,communityn i, n n,which n,the n,corporation n,operates.
triple n,bottom n,line: n,The n,idea n,that n,investors n,and n,others n,should n,consider n,not n,only n,corporate
profits, n,but n,also n,the n,corporation’s n,impact n,on n,people n,and n,on n,the n,planet n,in n,assessing n,the
n,firm. n,(Then b
, ottom n,line n,is n,people, n,planet, n,and n,profits.)
utilitarianism: n,An n,approach n,to n,ethical n,reasoning n,in n,which n,ethically n,correct n,behavior n,is
n,related n,ton a
, n n,evaluation n,of n,the n,consequences n,of n,a n,given n,action n,on n,those n,who n,will n,be
n,affected n,by n,it. n,In
utilitarian n,reasoning, n,a n,―good‖ n,decision n,is n,one n,that n,results n,in n,the n,greatest n,good n,for n,the
n,greatest n,number n,of n,people n,affected n,by n,the n,decision.
[return n,to n,top]
What's New in This Chapter
n, n, n, n,
The n,following n,elements n,are n,improvements n,in n,this n,chapter n,from n,the n,previous n,edition:
• New n,chapter n,title n,and n,chapter-opening n,introduction n,scenario n,discussing
n, recenttn, echnology n,scandal n,involving n,finger-prick n,blood n,test n,kits
• New n,chapter n,organization n,and n,subheads n,throughout n,(including n,new n,headings n,for
―outsourcing‖ n,and n,―corruption‖)
• New n,section n,on n,Making n,Ethical n,Business n,Decisions n,and n,new n,materials n,on n,Systematic
Approach: n,IDDR n,(―I n,desire n,to n,do n,right‖) n,that n,will n,be n,used n,throughout n,the n,text n,to
n, analyze n,ethics, n,including n,in n,all n,of n,the n,new n,―A n,Question n,of n,Ethics‖ n,problems n,in
n, the n,remaining n,chapters.
o New n,―Application n,of n,the n,IDDR n,Approach‖ n,subsection n,with n,step-by-step
n,discussionn
a
, nd n,sample n,scenario.
• 1 n,New n,Exhibit n,3–1: n,An n,Analysis n,of n,Ethical n,Approaches n,to n,the
n, SampleD
, ilemma n,(for n,new n,IDDR n,Approach)
n
o 1 n,New n,Term n,& n,Concept
• outsourcing
4
website, in whole or in part.
