Exam 2: Business and Its Ethical Dilemmas

Which of the following is not a Goldman cultural philosophy?

As a result of the Goldman "trading huddles":

How did Goldman avoid violation of SOX in advancing cash to two of its officers?

Which of the following would not be acceptable behavior in business according to Albert Carr?

Kaitlin is retiring as the office administrator for an engineering firm. In the months leading up to her retirement date, Kaitlin has had the student interns in the front office take boxes of office supplies including Kleenex, paper towels, tablets, pencils, pens, and toilet paper to her car. The interns are worried about what they are doing and ask Kaitlin about the supplies. Kaitlin says, "Look, I have given this company 35 years. They owe me something for all that I have done. And the pension they are giving me is not going to cover my living expenses." The interns agree that Kaitlin is correct, saying, "What choice does she have?" The interns just keep moving the supplies out to Kaitlin's car. Which of the following applies to the interns' views on ethics?

Why do companies issue press releases when executives depart that indicate the executives are leaving to spend more time with their families?   What are the ethical issues in issuing such statements if they are not true?

BP transferred employees who raised concerns about safety at its facilities.

A company has changed its revenue reporting so that its sales at outlet stores and regular stores are grouped into one sales figure. A manager says, "This way no one can tell how our brand is doing in the full retail market." Albert Carr would say the change is just part of the business game.

What was AIG's role in the Goldman stock offerings?

Which of the following is a correct statement reflecting Goldman's credo?

Increasing isolation is a part of leadership but does not affect ethical choices.

The Prudhoe Bay and BP refinery problems had no effect on BP's stock price.

What did the Freeh report on Penn State conclude?

BP CEO Hayward felt personal responsibility for the Deepwater Horizon spill.

James and Jennifer Stolpa and their five-month old son, Clayton, were stranded outdoors in a snowstorm for 8 days. They were rescued after James left Jennifer and Clayton in a cave and hiked 30 miles in subfreezing temperatures to get help. During the time they were stranded, the Stolpas ate Doritos-brand corn chips that they had with them in their car. When they were rescued and taken to the Washoe Medical Center for treatment of severe frostbite, they were visited by boxing champ, George Foreman. Mr. Foreman is a spokesperson for Doritos. His visit to the Stolpas earned national press and television coverage that emphasized the Doritos consumption. if you were an executive with Doritos, would you have sent Mr. Foreman to the hospital?

In the Penn State case, who is Vicky Triponey?

BP was banned from federal drilling rights following the Deepwater Horizon spill.

When a company announces that an executive is "Leaving to spend more time with his family":

In the story of David and Bathsheba, Uriah is killed because of David's orders.

Peter Duncan started a small Internet company that specializes in cleaning up websites that have been hacked. Peter explains to potential customers that he charges $350 to go into a site and clean up whatever the hackers have done. When he is finished, he notifies the customers by e-mail that their site is now clean. However, Peter changes the password accesses to their site and explains to the customers that he cannot release the passwords to them unless they sign up for the $99 annual package that will keep their sites clean and eliminate any problems with subsequent hackers. The customers cannot gain administrative access to their sites without the passwords. Peter explains, "They need help. I fix what's wrong, but I also help them going forward because without a package, they can't keep their sites clean." Which of the following statements is correct?