Exam 7: Employee Responsibilities

Which statement is not true of the agency concept?

According to Richard DeGeorge, which statement presents a condition that makes blowing the whistle on a company not just permissible but obligatory?

Which of the following statements accurately represents philosopher Ronald Duska's views on loyalty in business?

Select the statement that does not support the narrow view of non managerial employees' responsibilities to their employer-the idea that the employer exercises a great deal of control over the nature and terms of employment with very little discretion given to the employee.

One reason why a blanket obligation for all employees to obey their employers no matter what is unreasonable is that the choice of obeying someone's command or jeopardizing one's job is fundamentally coercive, and, thus, the consent involved is not fully free.

According to Richard DeGeorge, even if a whistle-blower does not have documented evidence that will convince impartial observers of a firm's role in causing harm, he or she is nevertheless obligated to blow the whistle.

Which statement describes a managerial action that does not unethically impose costs upon stockholders and other stakeholders?

Select the statement that, ethically speaking, best represents a valid concept of what loyalty to a firm means.

The fact that employees take on special role-specific responsibilities within an economic system that benefits everyone is one reason offered for the claim that these responsibilities override other ethical considerations.

Ensuring that markets function within the law, assume full information, and must be free from fraud and deception is an important internal function for market-based economic systems.

While it is plausible that some dishonest acts, like bluffing a person in a business transaction, can have beneficial social consequences that do not threaten the stability of underlying social practices, it would be harder to claim that routine dishonesty would not erode the trust that does seem essential to social cooperation.

Unless and until a firm has demonstrated a willingness to sacrifice on behalf of employees, employees have little reason to demonstrate loyalty to the firm.

In Ronald Duska's view, the idea that a company is not expected to sacrifice on behalf of employees but that employees are expected to sacrifice on behalf of the company makes the company an appropriate object of loyalty.

Personal interests of managers that interfere with their responsibilities as managers constitute an unethical conflict for them.

An agent is a person who acts on behalf of another person, so all agents are, in effect, employees.

Which of the following statements reflects a reason for business principals to invest in stock?

Select the statement that is not a criticism of insider trading.

Which of the following statements is true of insider trading?

The Kantian tradition in principle-based ethics argues that dishonesty treats others as a means to our own ends and thus disrespects the dignity of other persons.

Identify the statement that challenges Albert Carr's analogy that, like poker, business is a game that has its own rules and, therefore, is exempt from ordinary requirements of morality.