Exam 2: Ethics and the Law.

Which one of the following is NOT a manner in which a company can promote ethical behavior?

A company's CEO does not play a significant role in instilling a sense of ethics throughout the organization.

Which of the following plays the most significant role in instilling a sense of ethics throughout an organization?

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?

Managers who create ethical solutions while maximizing shareholder value are said to find:

According to __________,social policies developed behind the veil of ignorance would create a system benefiting the __________.

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?

Fact Pattern 2-2 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 2-2.Which of the following types of justice is involved if Blaire requires that Wally give Janice the entire $2,000 bonus he received?

If a company employee chooses to follow orders (and breaks the law)the fact that his supervisor ordered him to do so is a complete defense at a criminal trial.

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

The Organization of Economic Cooperation and Development (OECD)is:

According to Kant's theory of universalizability,the ethical worth of an act is determined by whether a person:

Milton Friedman argued that if a company decides to spend money for a social cause,it is in essence spending someone else's money for a general social interest.

Which of the following statements regarding the teleological theory is NOT true?

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

Immanuel Kant argued that spending money in ways that are not consistent with shareholder wishes is tantamount to imposing a tax and unilaterally deciding where the money will be spent.

Fact Pattern 2-1 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 2-1.Upon which of the following would Jack most likely rely in contending that he donated the food because he was motivated to help the poor?

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

In 2013,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 a psychological disorder referenced in the text resulting in a lack of empathy and the inability to recognize boundaries?