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

A physical fitness expert retained by a fitness magazine to evaluate walking shoes has a conflict of interest if she has an endorsement contract with one of the shoe companies that manufactures the shoes she will be evaluating.

A valid ethical barometer is the reaction of family and friends outside the business setting to your proposed decision.

An agreement by an agent to accept a 10% commission from a seller who will sell goods to the agent's employer is ethical so long as the agent would have chosen that seller anyway.

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

A newspaper reporter is interviewing you about your experiences in working for a member of Congress.You have indicated you have information about his private life but will not share it.The reporter responds, "Tell me, just between you and me."You share the information and a quote from you on the private life of the member of Congress appears in the newspaper the next day.The reporter was unethical in violating a trust.

It is more ethical to remain silent about misdeeds.

A radar detector:

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

The Rights Theory is generally associated with Plato and Aristotle.

Kant is part of the utilitarian school of thought on ethics.

You work for a construction firm that is submitting a bid for the construction of a new company headquarters building for Smithco.A friend you have known since high school works in Smithco's capital budgeting area and has full knowledge of all the bids from all firms.It would be unethical for your friend to share that information with you before you submitted your bid.

Locke and Rawls develop their ethical theory on the basis of a tabula rasa.

A purchasing agent who is an owner of 25% of the shares in a supplier does not have a conflict of interest.

Warren Buffett is credited with the development of the "Front Page of the Newspaper" tests as a means for resolving ethical dilemmas.

Under the Rights Theory, who holds the responsibility for protection of rights?

In the story of the "Parable of the Sadhu," the author never helped the Sadhu.

Which of the following is true about Steve Cohen, the founder and owner of SAC Capital?

The Theory of Justice is subscribed to by contractarians.

Matt Walsh, a golf pro from Hawaii, was a video operator for the New England Patriots from 1999-2002.Walsh says that he taped the Patriots' opponents' signals, information that he says was then used by the Patriots when they next met that team.If you know the signals, then you know what defense has planned.Offense is then a tad easier. Some quotes emerged from the situation: From Patriots' coach, Bill Belichick,"I misinterpreted the rules." From Jacksonville Coach Jack Del Rio on the videotaping, "I think all teams do that.That's been going on forever." From Matt Walsh, "I had always been a big Patriots fan.I wasn't going to question what they wanted me to do." From Pennsylvania Senator Arlen Specter, "If you can cheat in the NFL, you can cheat in college, you can cheat in high school, you can cheat on your grade-school math test.There's no limit as to what you can do.I think they owe the public a lot more candor and a lot more credibility." What rationalization is the Jacksonville coach applying?

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