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Solution Manual For Business Law: Text & Exercises, 10th Edition by Roger LeRoy Miller, William E. Hollowell, Verified Chapters 1 - 43, Complete Newest Version

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Solution Manual For Business Law: Text & Exercises, 10th Edition by Roger LeRoy Miller, William E. Hollowell, Verified Chapters 1 - 43, Complete Newest Version Solution Manual For Business Law: Text & Exercises, 10th Edition by Roger LeRoy Miller, William E. Hollowell, Verified Chapters 1 - 43, Com...

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SOLUTION MANUAL
Business Law: Text & Exercises (MindTap Course
List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell Chapters 1 - 43, Complete
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,Chapter 1 KO

Table of Contents KO KO

Purpose and Perspective of the Chapter .....................................................................................2
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Cengage Supplements ................................................................................................................2
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List of Student Downloads .......................................................................................................2
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Chapter Objectives......................................................................................................................2
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Key Terms ..................................................................................................................................2
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What's New in This Chapter ........................................................................................................3
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Chapter Outline ...........................................................................................................................4
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Discussion Questions..................................................................................................................8
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Additional Resources ................................................................................................................10
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Cengage Video Resources ....................................................................................................10
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Appendix ...................................................................................................................................10
Generic Rubrics .....................................................................................................................10
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Standard Writing Rubric .........................................................................................................10
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Standard Discussion Rubric...................................................................................................12
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,Purpose and Perspective of the Chapter KO KO KO KO KO

The purpose of this chapter is to examine the relationship between law and ethics. The chapter
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presents issues involved to determining the ethical responsibilities of businesses and provides
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students a framework for analyzing and making ethical decisions.
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Cengage Supplements KO

The following product- KO KO

level supplements provide additional information that may help you inpreparing your course.
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They are available in the Instructor Resource Center.
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 PowerPoint Deck KO

List of Student Downloads KO KO KO

Students should download the following items from the Student Companion Center to completet
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he activities and assignments related to this chapter:
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 PowerPoint Deck (without teaching notes, activities, or answers) KO KO KO KO KO KO KO

Chapter Objectives KO

The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior KO KO KO KO KO KO

2. Explain the relationship between law and ethics KO KO KO KO KO KO

3. Compare duty-based ethics and utilitarian ethics KO KO KO KO KO

4. Identify ethical problems in the global context KO KO KO KO KO KO

Key Terms KO

business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
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behavior in the world of business and the application of moral principles to situations that arisei
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n a business setting.
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categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethical
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guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesira
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ble, a person should evaluate the action in terms of what would happen if everybody else in th
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e same situation, or category, acted the same way.
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corporate social responsibility (CSR): The concept that corporations can and should a
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ctethically and be accountable to society for their actions.
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cost-benefit analysis: A decision- KO KO KO

making technique that involves weighing the costs of a givenaction against the benefits of the a
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ction.
duty-
based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto oth
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ers, including both humans and the planet. Those duties may be derived from religious principles
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or from other philosophical reasoning.
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ethical reasoning: A reasoning process in which an individual links his or her moral conviction
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sor ethical standards to the particular situation at hand.
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, ethics: Moral principles and values applied to social behavior.
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moral minimum: The minimum degree of ethical behavior expected of a business firm, which is
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usually defined as compliance with the law.
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outcome-
based ethics: An ethical philosophy that focuses on the impacts of a decision onsociety or
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on key stakeholders.
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outsourcing: The practice by which a company hires an outside firm or individual to perform
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work rather than hiring employees.
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principle of rights: The principle that human beings have certain fundamental rights (to life,
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freedom, and the pursuit of happiness, for example). A key factor in determining whether a b
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usiness decision is ethical under this theory is how that decision affects the rights of others,s
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uch as employees, consumers, suppliers, and the community.
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stakeholders: Groups, other than the company’s shareholders, that are affected by corporate
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decisions. Stakeholders include employees, customers, creditors, suppliers, and the communit
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yin which the corporation operates.
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triple bottom line: The idea that investors and others should consider not only corporate
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profits, but also the corporation’s impact on people and on the planet in assessing the firm. (The
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bottom line is people, planet, and profits.)
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utilitarianism: An approach to ethical reasoning in which ethically correct behavior is related to
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an evaluation of the consequences of a given action on those who will be affected by it. In
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utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greatest nu
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mber of people affected by the decision.
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[return to top] KO KO

What's New in This Chapter KO KO KO KO

The following elements are improvements in this chapter from the previous edition:
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 New chapter title and chapter-
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opening introduction scenario discussing recenttechnology scandal involving fi
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nger-prick blood test kits KO KO KO

 New chapter organization and subheads throughout (including new headings for
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―outsourcing‖ and ―corruption‖) KO KO

 New section on Making Ethical Business Decisions and new materials on Systematic
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Approach: IDDR (―I desire to do right‖) that will be used throughout the text to analyze
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ethics, including in all of the new ―A Question of Ethics‖ problems in the remaining ch
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apters.
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step discussionand sample scenario. KO K
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 1 New Exhibit 3– KO KO KO

1: An Analysis of Ethical Approaches to the SampleDilemma (for KO KO KO KO KO KO KO KO K
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new IDDR Approach) KO KO

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 outsourcing
 1 New Ethics Today feature—
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