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

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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

MAECENAS IACULIS

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ADIPISCING CONVALLIS BULUM

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