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

"It's a gray area," is an example of ethical analysis.

With respect to #66, it is not necessary for the company to take any action to correct the problem or refund money for those who already own the new calculator.

Dr.Phil Hayes has received an offer of full funding for his research on a new drug manufactured by Eli Mentin.The drug would be a competitor for Prozac without the questioned side-effects of possible violent behavior.Eli Mentin has, however, attached a condition to the funding.That condition is that Dr.Hayes may not publish his findings until Eli Mentin executives and its attorneys have had the opportunity to review them. List the ethical issues Dr.Hayes faces with this offer.

You should disclose to your employer if a relative of yours has submitted a bid for work with your company.

Kant and Rand do not agree on the importance of self-interest in ethical theory.

A commercial broker who accepts fees from both the seller and the buyer of the business without disclosure to either has not committed an ethical violation if both parties are happy with the transaction.

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?

There are no laws that cover cutting in line.However, those who do take cuts in line are viewed with disdain by others because:

It would not be unethical to continue interviewing for positions after you have already accepted employment with a particular firm.

Priscilla Ceballos's 6-year-old daughter is a fan of Hannah Montana and wanted to go to a Hannah Montana concert.A radio station was offering two tickets to the Hannah Montana concert for the child who wrote the winning essay.Ms.Ceballos and her daughter wrote an essay that detailed an account of their husband/father dying in the war on Iraq.The problem was that their husband/father was not in Iraq and certainly not dead.When the fake essay was uncovered, Ms.Ceballos said, "We did the essay, and that's what we did to win...We did whatever we could to win."The company revoked the prize and the award of the tickets. Suppose the contest rules did not spell out that the essay had to be based on true and verifiable facts.What could the radio station rely on in revoking the prize and still have public support for its decision?

Randy White is the executive director of a non-profit preschool for special needs children.Part of Randy's responsibilities include fundraising for the preschool.Because of his experience and success in operating specialty pre-schools, Randy is sought after as a consultant at locations around the country to assist in the start-up and operation of such facilities.Randy does so quite frequently.Randy does not take vacation time for this work, and his consultant fees (which range from $750 - $1500 per day) are kept by him as personal income.Randy uses his secretary at the preschool to book his travel arrangements and prepare his consultant reports and bills for these outside engagements.

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

Pam purchased a quesadilla at Taco Bell for lunch.She also asked for a water cup, which is free and to be used to get water at the soda fountain.Pam used the water cup to get Pepsi.Which of the following is correct?

With reference to #32 above, what happened to the Sadhu?

Ethical lapses involve gradual decision processes.

Mary Pickford is an analyst for Munford Stanley, an investment banker.She has touted the stock, an initial primary offering (IPO), of an obscure biotech firm as a "must buy."Munford Stanley is the underwriter for the IPO.Pickford:

Which of the following would be considered a utilitarian?

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

What was the occupation of the author of "The Parable of the Sadhu" piece?

What were the effects of the Piper High School cheating issues on Piper?