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 QD
Table of Contents QD QD
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 QD QD QD QD QD
The purpose of this chapter is to examine the relationship between law and ethics. The ch
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apterpresents issues involved to determining the ethical responsibilities of businesses and
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provides students a framework for analyzing and making ethical decisions.
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Cengage Supplements QD
The following product-
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level supplements provide additional information that may help you inpreparing your cours
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e. They are available in the Instructor Resource Center.
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PowerPoint Deck QD
List of Student Downloads
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Students should download the following items from the Student Companion Center to compl
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etethe activities and assignments related to this chapter:
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PowerPoint Deck (without teaching notes, activities, or answers)
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Chapter Objectives QD
The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior
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2. Explain the relationship between law and ethicsQD QD QD QD QD QD
3. Compare duty-based ethics and utilitarian ethics QD QD QD QD QD
4. Identify ethical problems in the global context
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Key Terms QD
business ethics: Ethics in a business context; a consensus of what constitutes right or wr
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ong behavior in the world of business and the application of moral principles to situations t
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hat arisein a business setting.
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categorical imperative: A concept developed by the philosopher Immanuel Kant as an et
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hicalguideline for behavior. In deciding whether an action is right or wrong, or desirable or
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undesirable, a person should evaluate the action in terms of what would happen if everyb
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ody else in the same situation, or category, acted the same way.
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corporate social responsibility (CSR): The concept that corporations can and shoul
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d actethically and be accountable to society for their actions.
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cost-benefit analysis: A decision- QD QD QD
making technique that involves weighing the costs of a givenaction against the benefits of t
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he action.
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duty-
based ethics: An ethical philosophy rooted in the idea that every person has certain dutiest
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o others, including both humans and the planet. Those duties may be derived from religious
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principles or from other philosophical reasoning.
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ethical reasoning: A reasoning process in which an individual links his or her moral convi
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ctionsor 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, whi
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ch isusually defined as compliance with the law.
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outcome-
based ethics: An ethical philosophy that focuses on the impacts of a decision onsociet
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y or on key stakeholders.
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outsourcing: The practice by which a company hires an outside firm or individual to per
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formwork rather than hiring employees.
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principle of rights: The principle that human beings have certain fundamental rights (to
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Dlife,freedom, and the pursuit of happiness, for example). A key factor in determining wh
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ether a business decision is ethical under this theory is how that decision affects the rig
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hts of others,such as employees, consumers, suppliers, and the community.
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stakeholders: Groups, other than the company’s shareholders, that are affected by corpor
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ate decisions. Stakeholders include employees, customers, creditors, suppliers, and the co
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mmunityin 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.
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(Thebottom line is people, planet, and profits.)
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utilitarianism: An approach to ethical reasoning in which ethically correct behavior is relate
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d toan evaluation of the consequences of a given action on those who will be affected by it
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utilitarian reasoning, a ―good‖ decision is one that results in the greatest good for the greate
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st number of people affected by the decision.
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What's New in This Chapter QD QD QD QD
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
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finger-prick blood test kits
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New chapter organization and subheads throughout (including new headings for
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―outsourcing‖ and ―corruption‖) QD QD
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 anal
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yze ethics, including in all of the new ―A Question of Ethics‖ problems in the rem
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aining chapters. QD
o New ―Application of the IDDR Approach‖ subsection with step-by-
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step discussionand sample scenario. QD D
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1 New Exhibit 3– QD QD QD
1: An Analysis of Ethical Approaches to the SampleDilemma (f QD QD QD QD QD QD QD QD D
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or new IDDR Approach) QD QD QD
o 1 New Term & Concept QD QD QD QD
outsourcing
1 New Ethics Today feature—
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