Exam 2: Ethics ant the law

Fact pattern 2-3 Wally and Janice are both managers in a small corporation set up to manufacture sporting goods.They both receive bonuses for any ideas that benefit the company although Janice's bonus is computed at a lower rate than that of Wally because she has been at the company a shorter amount of time.Janice has a great marketing idea that would result in her receiving a bonus of $1,000.She has it all worked out on her computer.Unknown to her,one evening after business hours,Wally obtains the information from her computer and submits it himself the next day.He is immediately awarded a bonus of $2,000 for the information.Fortunately for Janice,Sally,a custodian,saw Wally in Janice's office and heard him calling his wife while he was there to brag about his misdoings.Sally informed Blaire,the CEO,of Wally's actions. -Refer to fact pattern 2-3.Which of the following types of justice is involved if Blaire requires that Wally give Janice the entire $2,000 bonus he received?

According to St.Thomas Aquinas,in order to be just,a human law must be

Your company has asked you to write a code of ethics.What should you include and why?

Companies may post audits of foreign factories on the Fair Labor Association website.

Most automakers are members of the Alliance of Automobile Manufacturers,the trade group leading the fight for tougher fuel and emission standards.

Which of the following is true regarding the Organization of Economic Cooperation and Development (OECD)?

Fact pattern 2-3 Wally and Janice are both managers in a small corporation set up to manufacture sporting goods.They both receive bonuses for any ideas that benefit the company although Janice's bonus is computed at a lower rate than that of Wally because she has been at the company a shorter amount of time.Janice has a great marketing idea that would result in her receiving a bonus of $1,000.She has it all worked out on her computer.Unknown to her,one evening after business hours,Wally obtains the information from her computer and submits it himself the next day.He is immediately awarded a bonus of $2,000 for the information.Fortunately for Janice,Sally,a custodian,saw Wally in Janice's office and heard him calling his wife while he was there to brag about his misdoings.Sally informed Blaire,the CEO,of Wally's actions. -Refer to fact pattern 2-3.Which of the following types of justice is involved if Blaire requires that Wally give Janice $1,000?

Which of the following statements regarding the teleological theory is false?

Managers should remember that there is usually only one ethically correct way to look at a situation.

Fact pattern 2-2 Wally who has been hired as the human resource manager for a company that has recently formed and started operation comes to you for advice regarding the need for an ethics policy.He tells you that he believes that appointing a lower-level person to address any ethical concerns is sufficient because higher levels in the company do not need to be concerned about anything that does not directly involve a violation of the law. -Refer to fact pattern 2-2.What would you tell Wally regarding the relationship between law and ethics?

You are the owner of a small Internet company.You are planning a public offering in 12 months.You ask your accountant to prepare an optimistic business model that shows a greater profitability potential than a conservative estimate would produce.When the accountant questions your profitability assumptions,you remind him that he has been given 10,000 shares of the company stock at a low price.A public offering would dramatically increase the value of those shares.Discuss the ethical issues faced by the owner and the accountant.How should they be resolved?

Your company has grown from a national to a multi-national entity.How have your ethical responsibilities changed? To whom do you owe these responsibilities?

Art,the sole shareholder of ABC Company,got a ticket for reckless driving because he was speeding through a school zone at 85 miles per hour.Sue,the wife of the officer who gave Art the ticket,was an employee of ABC Company.Art asked her if she could get the ticket "fixed" for him.Sue indeed talked to her husband,but he was unwilling to tear up the ticket.Art was incensed and fired Sue on the spot saying that she could not be counted upon to do anything the right way.Discuss the pros and cons of whether Sue should prevail in an action against ABC Company alleging a violation of public policy.

Ethics and law are unrelated.

Nobel prize winner Milton Friedman asserts that a corporation is an "artificial person" and therefore has no true responsibilities to any constituent other than

According to St.Thomas Aquinas,the only true laws were those that followed ____________.

Under the Teleological theory,the ethical good of an action is judged by the effect of the action on others.

Discuss why Enron failed and who should be held responsible for the failure.

Rawls believed that social policies developed behind the veil of ignorance would create a system that most benefits the

Rawlsian moral theory seeks to maximize the condition of the worst off person in society.