Testbank for Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich. Newest Testbank for Business Ethics Ethical Decision Making and Cases, 13th Edition By O. C. Ferrell, John Fraedrich. Newest Testbank for Business Ethics Ethical Decision Making and Cases,...
Business Ethics Ethical Decision Making and Cases, 13th Edition
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By O. C. Ferrell, John Fraedrich, All Chapters1 - 12
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,TABLEOFCONTENTS l l ll
Part 1: An Overview of Business Ethics 1: The
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Importance of Business Ethics
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2:StakeholderRelationships,SocialResponsibility,andCorporateGovernance
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SocialResponsibilityDimensions
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Part2: Ethical Issues and the Institutionalization of Business Ethics 4:The Institutionalization of
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Business Ethics
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5: Emerging Business Ethics Issues Part3: The Decision-
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Making Process 6: Ethical Decision Making
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7:Individual Factors: Moral Philosophies and Values
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8:Organizational Factors: The Role of Ethical Culture and Relationships Part4: Implementing Business
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Ethics in a Global Economy
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9:Developing and Implementing an Effective Ethics Program 10: Global Business Ethics
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Issues
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11:EthicalLeadership
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12: Technology: Ethics andSocial Responsibility Issues
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,1: The Importance of Business Ethics
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1. Principles are l
a. laws and regulations that guide behavior in the world ofbusiness.
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b. mores, values, and customs that guide behavior in general.
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c. specific and pervasive boundaries for behavior that are universal and absolute.
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d. theobligationsbusinesses assumetomaximizetheirpositiveimpactandminimizetheirnegativeimpact
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lon stakeholders.
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e. the mores, values, and customs that parents teach their children.
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ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5 ll
LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethics fromanorganizational
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perspective. l l
NATIONAL STANDARDS: United States - BUSPROG: Ethics ll ll ll l l ll ll l ll
STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Comprehension ll
2. Socialresponsibility is l l
a. anorganization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
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b. principles andstandards thatguide behavior inthe world of business.
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c. a business's responsibility not topollute the environment.
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d. abusiness'sresponsibility tomanufacture products thatfunction properly.
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e. charitable contributions made byabusiness toenhance itsimage. l ll l l l ll l ll l
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23 ll
LEARNING OBJECTIVES: LO: 1-4 -Gain insight into the extent of ethical misconduct in the workplace and the
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pressures for unethical behavior. l l ll ll ll
NATIONAL STANDARDS: United States - BUSPROG: Ethics ll ll ll l l ll ll l ll
STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge l
, 3. The was/were enacted to restore confidence in financial reporting and business ethics after the ll ll ll ll ll ll ll ll ll ll ll ll
accounting scandals of the early 2000s.
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a. Defense Industry Initiative onBusiness Ethics and Conduct l l l l ll l l
b. Sarbanes-Oxley Act ll
c. Federal Sentencing Guidelines forOrganizations l ll ll l
d. Foreign Corrupt Practices Act ll ll ll
e. Dodd-Frank Wall Street Reform and Consumer Protection Act ll l ll ll l ll ll
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 13 ll
LEARNING OBJECTIVES: LO:1-2-Examine thehistorical foundations andevolution ofbusiness ethics.
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NATIONAL STANDARDS: United States - BUSPROG: Ethics ll ll ll l l ll ll l ll
STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge l
4. The term business ethics is best described by the following statement:
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a. Itisthestudy and philosophy ofhuman conduct, withan emphasis ondetermining rightand wrong.
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b. It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean
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moral judgments, standards and rules of conduct."
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c. It is the "study ofthe general nature of morals and of specific moral choices; moral philosophy; and the
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rules or standards governing the conduct of the members of a profession."
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d. Itisanorganization's obligation tomaximizeitspositiveeffectsandminimize itsnegativeeffects
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on stakeholders.
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e. Itcomprises theprinciples, values, and standards that guide behavior inthe world ofbusiness.
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ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. 5 ll
LEARNING OBJECTIVES: LO:1-1-Explore conceptualizations ofbusiness ethics fromanorganizational
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perspective. l l
NATIONAL STANDARDS: United States - BUSPROG: Ethics ll ll ll l l ll ll l ll
STATE STANDARDS: UnitedStates -NONE -DISC: Ethical Responsibilities -Ethical Responsibilities
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KEYWORDS: Blooms: Knowledge l
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