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

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 you to hire your friend to get him to bring the information to your company.

It is an ethical violation to disclose personnel information about your co-workers even to your family.

Using positive law as an ethical standard means simply compliance with the law.

A purchasing agent for a company could accept a Rolex from a supplier so long as there is no bid pending.

Adam Smith fits into which category?

Stephen Ambrose, a popular historian with many books to his credit, admitted that some segments of one of his recent books had language taken from the books of other historians that was not in quotes. Mr. Ambrose did footnote the work of authors he relied upon in doing his book.

Which model for ethical decision analysis requires managers to seek additional perspectives on ethical issues?

Which of the following issues did the events at the University of North Carolina illustrate?

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."  Suppose that Pickford already owns an interest in the biotech firm, but Munford Stanley is not the underwriter. Pickford:

Give the ways we avoid facing ethical dilemmas.

The safest and simplest conflict of interest policy for purchasing agents is to accept nothing from suppliers.

"A Simple Plan" is a story about making the correct ethical choice and avoiding problems.

Adding in additional home repairs for an insurance claim for damage to your home is simply a shifted norm.

A company executive exerting pressure on a scientist and her university to delay disclosure of study results harmful to the company and its products would be unethical.

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.

You are taking a graduate level course in management that will help you in performing your duties at work. Each week you must submit case analyses to your professor. Using work time to complete the analyses would be unethical.

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.

Grace Jenkins has a small counter in a beauty shop where she sells designer-like bags. Grace says, "They are not the real thing. They are not priced like the real thing. My customers know that, but these bags make people happy because that have a feeling of living like the rich and famous. I sell happiness, not bags with trademarks." Which of the following ethical categories would apply to what Grace is doing?

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

Who of the following philosophers subscribe to ethical egoism?