Exam 2: Ethics ant the law

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

In 2010,the average CEO of a company in the Standard and Poor's 500 Index took home more than _____ times as much as the average worker.

Which of the following is true regarding shareholder primacy?

Fact Pattern 2-1 Susan is an accountant who works in a company owned by Richard. Richard is concerned about the amount of taxes he will owe for the year and asks Susan to falsify his income tax return. Susan refuses. Richard fires her. Susan asks you for advice telling you that Richard is unethical and that she is certain that the law prohibits all unethical conduct. -Refer to fact pattern 2-1. Which of the following is a theory on which Susan may be able to prevail?

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.

Nobel Prize winner in economics Milton Friedman asserts that the only guiding criterion for the corporation should be profitability within the confines of the law.

You are the CEO of a multi-billion dollar company.Your company employs over 75,000 people.The company is being sued for $100 million dollars as the result of racial discrimination against your customers.Your investigation reveals that some of your managers are actively violating the law.Discuss the steps you would take to ensure your company's compliance with ethical norms and legal requirements.

According to the Delaware Supreme Court,when does the role of a director shift from being a "protector of the corporate bastion" to being an "auctioneer" charged with obtaining the highest realizable short-term value for the shareholders?

According to the Kantian theory of universalizability,the ethical worth of an act is determined by whether one

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

The two main schools of ethical thought are teleological and deontological.

Which of the following is true regarding the relationship between law and ethics?

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

As opposed to other forms of business,it is well accepted that the primary ethical and legal duty of corporations is to maximize shareholder value.

Fact Pattern 2-2 Jack decides to donate leftover food from his restaurant to a homeless shelter. Brock, an employee who was angry with Jack over not getting a raise, claimed that Jack decided to donate the food only for publicity and that Jack did not really care about homeless people. Peggy, another employee disagreed, contending that regardless of his motivation, Jack was acting ethically because of the consequences involved and the number of people helped. -Refer to fact pattern 2-2.Upon which of the following would Peggy most likely rely to support her contention?

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

Rawlsian moral theory seeks to develop principles behind a "veil of information."

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 Wally's 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 is a psychological disorder referenced in the text resulting in a lack of empathy and the inability to recognize boundaries?

Which of the following is the leading association of CEOs in the United States?