Exam 1: Ethical Theory, Philosophical Foundations, Our Reasoning Flaws, and Types of Ethical Dilemmas

Which of the following is not a step in analyzing ethical dilemmas and case studies?

The Barbara Walters/Andrew Lloyd Webber/Sunset Boulevard examples involves:

The former CEO of Countrywide Mortgage (now a part of Bank of America), offered favorable loans to members of Congress, Countrywide government regulators, and members of the board and officers of Fannie Mae, the quasi-government agency that bought Countrywide's mortgages in the secondary market. The loans were jumbo loans at below-market rates. Countrywide sold 90% of its mortgages to Fannie Mae. Congress was responsible for the creation, funding, and policies of Fannie Mae. The members of Congress who received the Fannie Mae favorable loans sat on House and Senate Banking Committees. Which of the following categories of ethical breaches, if any, applies to this practice?

"The lawyers have okayed this," is a signal that the decision/action is legal and ethical.

The Graduate Management Admissions Council announced that it would begin using a "palm vein" scan to eliminate proxy test taking after the FBI broke up a ring of six test takers who had taken the GMAfor 590 applicants, for a price of $3,000 each. Which ethical category does the conduct of the proxy test takers fit into?

Which of the following is not a question in the Laura Nash model for resolution of ethical dilemmas?

Giving preferential treatment in contract bidding to the daughter of a member of the company board is not a conflict of interest.

Employee hotlines exist to help employees who feel they cannot communicate concerns through the lines of authority.

Making your rules assuming you don't know which side you will be on in any given dilemma is the Theory of Justice.

A purchasing agent whose daughter works for a supplier has a conflict of interest.

With reference to #32 above, where does the story take place?

If I worked in purchasing in my company, it would be unethical for me to accept season tickets for my city's NBA team from the company that has supplied catering for the company's training sessions.

Plato and Aristotle were moral relativists.

James Dodgsen is a student in a graduate course in business. The professor in the course has given Dodgsen and his classmates a surprise quiz in class. Dodgsen did not do the reading for class that day because he had been grading papers as part of his TA position. He has been prepared for every other class that semester. As he glances as the quiz questions, he realizes that he does not know any of the answers. However, he sees that Jane Frampton, the student who sits next to him, is well prepared and answering the questions with great ease. He can see her answers because of her large, block-style printing. Dodgsen copies her answers.

Robert Nozick is a moral relativist.

"Everyone else does it," is a signal of an ethical pitfall.

Taking your current employer's supply chain management system to a prospective employer is not a breach of trust.

The failure to disclose that your college degree was withheld because of outstanding parking fines and violations is unethical.

Which of the following would be a breach of trust and ethics?

Using things of minimal value that belong to your employer for personal reasons (such as paper, paper clips, pens) is not an ethical violation.