Business Ethics Ethical Decision Making & Cases 10th Edition by O. C. Ferrell – Test Bank

Business Ethics Ethical Decision Making & Cases 10th Edition by O. C. Ferrell – Test Bank

Test Bank For Business Ethics Ethical Decision Making & Cases 10th Edition by O. C. Ferrell

Business Ethics Ethical Decision Making & Cases 10th Edition by O. C. Ferrell – Test Bank

Business Ethics Ethical Decision Making & Cases 10th Edition by O. C. Ferrell

Business Ethics Ethical Decision Making & Cases 10th Edition

Business Ethics Ethical Decision Making & Cases

1.Principlesare

a.lawsandregulationsthatguidebehaviorinthe worldofbusiness. b.mores,values,andcustomsthatguidebehavioringeneral.

c.specificandpervasiveboundariesforbehaviorthatareuniversalandabsolute.

d.theobligationsbusinessesassumeto maximizetheirpositiveimpactandminimizetheirnegativeimpacton stakeholders.

e.themores,values,andcustomsthatparentsteachtheirchildren.

ANSWER:                            c

POINTS:                             1

DIFFICULTY:                     Easy

REFERENCES:                   p.5

LEARNINGOBJECTIVES: LO:1-1 -Exploreconceptualizationsofbusinessethicsfromanorganizational perspective.

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Ethics

STATESTANDARDS:           UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities

KEYWORDS:                      Blooms:Comprehension

2.Social responsibilityis

a.anorganization’sobligationtomaximizeitspositiveeffectsand minimizeitsnegativeeffectsonstakeholders. b.principlesandstandardsthatguidebehaviorinthe worldofbusiness.

c.abusiness’sresponsibilitynotto pollutetheenvironment.

d.a business’sresponsibilitytomanufactureproductsthatfunctionproperly. e.charitablecontributionsmadeby abusinesstoenhanceits image.

ANSWER:                            a

POINTS:                             1

DIFFICULTY:                     Easy

REFERENCES:                   p.23

LEARNINGOBJECTIVES: LO:1-4-Gaininsightintothe extentofethicalmisconductinthe workplaceandthe pressuresforunethicalbehavior.

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Ethics

STATESTANDARDS:           UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities

KEYWORDS:                      Blooms:Knowledge

3.The

was/wereenactedtorestoreconfidenceinfinancialreportingandbusinessethicsaftertheaccounting

scandalsoftheearly2000s.

a.DefenseIndustryInitiativeon BusinessEthicsandConduct b.Sarbanes-OxleyAct

c.FederalSentencingGuidelinesforOrganizations d.ForeignCorruptPracticesAct

e.Dodd-FrankWallStreetReformandConsumerProtectionAct

ANSWER:                            b

POINTS:                             1

DIFFICULTY:                     Moderate

REFERENCES:                   p.13

LEARNINGOBJECTIVES: LO:1-2 -Examinethehistoricalfoundationsand evolutionofbusinessethics.

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Ethics

STATESTANDARDS:           UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities

KEYWORDS:                      Blooms:Knowledge

4.Thetermbusinessethicsisbestdescribedbythe followingstatement:

a.Itisthestudyand philosophyofhumanconduct,withanemphasisondeterminingrightand wrong.

b.Itisan”inquiryintothe natureandgroundsofmoralitywherethe termmoralityistakentomeanmoral judgments,standardsandrulesofconduct.”

c.Itisthe”studyof thegeneralnatureof moralsandof specificmoralchoices;moralphilosophy;andtherules orstandardsgoverningtheconductofthemembersofaprofession.”

d.Itisanorganization’sobligationtomaximizeitspositiveeffectsand minimizeitsnegativeeffectson stakeholders.

e.Itcomprisesthe principles,values,andstandardsthatguidebehaviorinthe worldofbusiness.

ANSWER:                            e

POINTS:                             1

DIFFICULTY:                     Moderate

REFERENCES:                   p.5

LEARNINGOBJECTIVES: LO:1-1 -Exploreconceptualizationsofbusinessethicsfromanorganizational perspective.

NATIONALSTANDARDS:  UnitedStates-BUSPROG:Ethics

STATESTANDARDS:           UnitedStates- NONE- DISC:EthicalResponsibilities-EthicalResponsibilities

KEYWORDS:                      Blooms:Knowledge