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 Latest Update.
, 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
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, 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.
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, Business Law: Text & Exercises (MindTap Course List)
Ethics: Moral Principles And Values Applied To Social Behavior.
Moral Minimum: The Minimum Degree Of Ethical Behavior Expected Of A Business
Firm, Which Is Usually Defined As Compliance With The Law.
Outcome-Based Ethics: An Ethical Philosophy That Focuses On The Impacts
Of A Decision On Society Or On Key Stakeholders.
Outsourcing: The Practice By Which A Company Hires An Outside Firm Or
Individual To Perform Work Rather Than Hiring Employees.
Principle Of Rights: The Principle That Human Beings Have Certain
Fundamental Rights (To Life, Freedom, And The Pursuit Of Happiness, For
Example). A Key Factor In Determining Whether A Business Decision Is Ethical
Under This Theory Is How That Decision Affects The Rights Of Others, Such As
Employees, Consumers, Suppliers, And The Community.
Stakeholders: Groups, Other Than The Company’s Shareholders, That Are
Affected By Corporate Decisions. Stakeholders Include Employees, Customers,
Creditors, Suppliers, And The Community In Which The Corporation Operates.
Triple Bottom Line: The Idea That Investors And Others Should Consider Not
Only Corporate
Profits, But Also The Corporation’s Impact On People And On The Planet In
Assessing The Firm. (The Bottom Line Is People, Planet, And Profits.)
Utilitarianism: An Approach To Ethical Reasoning In Which Ethically Correct
Behavior Is Related To An Evaluation Of The Consequences Of A Given Action On
Those Who Will Be Affected By It. In
Utilitarian Reasoning, A ―Good‖ Decision Is One That Results In The Greatest Good
For The Greatest Number Of People Affected By The Decision.
[Return To Top]
What's New In This Chapter
The Following Elements Are Improvements In This Chapter From The Previous Edition:
• New Chapter Title And Chapter-Opening Introduction Scenario
Discussing Recent Technology Scandal Involving Finger-Prick Blood
Test Kits
• New Chapter Organization And Subheads Throughout (Including New Headings
For
―Outsourcing‖ And ―Corruption‖)
• New Section On Making Ethical Business Decisions And New Materials
On Systematic
Approach: Iddr (―I Desire To Do Right‖) That Will Be Used Throughout The
Text To Analyze Ethics, Including In All Of The New ―A Question Of Ethics‖
Problems In The Remaining Chapters.
o New ―Application Of The Iddr Approach‖ Subsection With Step-By-Step
Discussion And Sample Scenario.
• 1 New Exhibit 3–1: An Analysis Of Ethical Approaches
To The Sample Dilemma (For New Iddr Approach)
o 1 New Term & Concept
• Outsourcing
• 1 New Ethics Today Feature—
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