TABLEOFCONTENTS
Part 1: An Overview of Business Ethics 1: The
Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance 3: Sustainability: Ethical
and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Busin...
TEST BANK
Business Ethics Ethical Decision Making and Cases, 13th Edition
By O. C. Ferrell, John Fraedrich, All Chapters 1 - 12
,TABLE OF CONTENTS
Part 1: An Overview of Business Ethics 1: The
Importance of Business Ethics
2: Stakeholder Relationships, Social Responsibility, and Corporate Governance 3: Sustainability: Ethical
and Social Responsibility Dimensions
Part 2: Ethical Issues and the Institutionalization of Business Ethics 4: The Institutionalization
of Business Ethics
5: Emerging Business Ethics Issues Part 3: The
Decision-Making Process 6: Ethical Decision
Making
7: Individual Factors: Moral Philosophies and Values
8: Organizational Factors: The Role of Ethical Culture and Relationships Part 4: Implementing
Business Ethics in a Global Economy
9: Developing and Implementing an Effective Ethics Program 10: Global Business
Ethics Issues
11: Ethical Leadership
12: Technology: Ethics and Social Responsibility Issues
,1: The Importance of Business Ethics
1. Principles are
a. laws and regulations that guide behavior in the world of business.
b. mores, values, and customs that guide behavior in general.
c. specific and pervasive boundaries for behavior that are universal and absolute.
d. the obligations businesses assume to maximize their positive impact and minimize their negative
impact on stakeholders.
e. the mores, values, and customs that parents teach their children.
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 5
LEARNING OBJECTIVES: LO: 1-1 - Explore conceptualizations of business ethics from an organizational
perspective.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Comprehension
2. Social responsibility is
a. an organization's obligation to maximize its positive effects and minimize its negative effects on
stakeholders.
b. principles and standards that guide behavior in the world of business.
c. a business's responsibility not to pollute the environment.
d. a business's responsibility to manufacture products that function properly.
e. charitable contributions made by a business to enhance its image.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
REFERENCES: p. 23
LEARNING OBJECTIVES: LO: 1-4 - Gain insight into the extent of ethical misconduct in the workplace and
the pressures for unethical behavior.
NATIONAL STANDARDS: United States - BUSPROG: Ethics
STATE STANDARDS: United States - NONE - DISC: Ethical Responsibilities - Ethical Responsibilities
KEYWORDS: Blooms: Knowledge
, 3. The was/were qenacted qto qrestore qconfidence qin qfinancial qreporting qand qbusiness qethics
qafter qthe qaccounting q scandals qof qthe qearly q2000s.
a. Defense qIndustry qInitiative qon qBusiness qEthics qand qConduct
b. Sarbanes-Oxley q Act
c. Federal qSentencing qGuidelines qfor qOrganizations
d. Foreign qCorrupt qPractices q Act
e. Dodd-Frank qWall qStreet qReform qand qConsumer qProtection qAct
NATIONAL q STANDARDS: q q q United qStates q- qBUSPROG: q Ethics
STATE q STANDARDS: United qStates q- qNONE q- qDISC: qEthical qResponsibilities q - qEthical
qResponsibilities
KEYWORDS: Blooms: qKnowledge
4. The qterm qbusiness q ethics q is qbest qdescribed q by qthe qfollowing q statement:
a. It qis qthe qstudy qand qphilosophy qof qhuman qconduct, qwith qan qemphasis qon qdetermining qright qand
qwrong.
d. It qis qan qorganization's qobligation qto qmaximize qits qpositive qeffects qand qminimize qits
qnegative qeffects qon q stakeholders.
e. It qcomprises qthe qprinciples, qvalues, qand qstandards qthat qguide qbehavior qin qthe qworld qof qbusiness.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
REFERENCES: p. q5
LEARNING qOBJECTIVES:q LO: q1-1 q- qExplore qconceptualizations q of qbusiness qethics qfrom qan
qorganizational q perspective.
NATIONAL q STANDARDS: q q q United qStates q- qBUSPROG: q Ethics
STATE q STANDARDS: United qStates q- qNONE q- qDISC: qEthical qResponsibilities q - qEthical
qResponsibilities
KEYWORDS: Blooms: qKnowledge
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