Question 1

The phrase &#34;morally justified&#34; is never ambiguous.

Accepted Answer

The phrase "morally justified" is subjective and can mean different things to different people and cultures. Therefore, it can lead to ambiguity in certain contexts.

Question 2

Whistle blowers are often stigmatized as disloyal.

Accepted Answer

Whistle blowers are often viewed as disloyal because they reveal confidential or sensitive information about their organization or employer. They may be seen as betraying the trust of their colleagues or the company they work for. However, it is important to recognize that whistle blowing can also be an act of loyalty to the greater good or ethical principles.

Question 3

The buying or selling of stocks by business insiders on the basis of information that has not yet been made public is&#10;A)Insider trading&#10;B)Business broking&#10;C)Hedging bets&#10;D)Whistle blowing

Accepted Answer

Insider trading refers to the practice of buying or selling stocks based on confidential information that is not yet available to the public. This is considered illegal because it gives the insider an unfair advantage over other investors who do not have access to this information. Business broking refers to the practice of buying and selling businesses, while hedging bets is a strategy used to minimize risk in investments. Whistle blowing refers to the act of reporting illegal or unethical activities within an organization to the authorities or the public.

Question 4

A business fir functions&#10;A)For social benefit&#10;B)To make money&#10;C)To create employment&#10;D)To generate social welfare

Accepted Answer

The primary goal of a business firm is to make money or earn profits. While creating employment and generating social welfare can be additional benefits, they are not the main objective. The ultimate aim of a business is to make a profit and achieve financial success.

Question 5

Norman Bowie compares whistle-blowing to the civil disobedience of the 1960s.

Accepted Answer

Norman Bowie compares whistle-blowing to the civil disobedience of the 1960s in terms of ethical justification for breaking laws/rules in order to bring about change or expose wrongdoing.

Question 6

Which theory of insider trading did the U.S.Supreme Court endorse in 1997?&#10;A)The misappropriation theory&#10;B)The misapplication theory&#10;C)The stock-bond theory&#10;D)The whisperer theory

Accepted Answer

The U.S. Supreme Court endorsed the misappropriation theory in its 1997 decision in United States v. O'Hagan.

Question 7

Whistle blowers can be motivated by a sense of professional responsibility.

Accepted Answer

Whistle blowers often feel a sense of responsibility to report illegal or unethical actions within their profession, even if it means going against their employer or colleagues.

Question 8

Supererogatory actions are above and beyond the call of duty.

Accepted Answer

Supererogatory actions refer to actions that are voluntarily taken by individuals that exceed the minimum requirements or expectations. Therefore, they are considered above and beyond the call of duty.

Question 9

The SEC is the&#10;A)Securities and Exchange Commission&#10;B)Securities and Exchange Counsel&#10;C)Social Excellence Committee&#10;D)Social Expense Commission

Accepted Answer

The SEC is the Securities and Exchange Commission, a U.S. government agency responsible for regulating securities markets and protecting investors.

Question 10

Which Supreme Court case addressed insider trading in 1997?&#10;A)Griswold v.Connecticut&#10;B)Roe v.Wade&#10;C)Brown v.Board&#10;D)U.S.v.O'Hagan

Accepted Answer

U.S.v.O'Hagan was a Supreme Court case that addressed insider trading in 1997.

Question 11

The notion of company loyalty, according to Shaw, is&#10;A)Outdated&#10;B)Trendy&#10;C)Commonplace&#10;D)Rare

Accepted Answer

The answer of The notion of company loyalty, according to...

Question 12

Executives who retaliate against employees who report possible violations of federal law can be imprisoned for up to ten years.

Accepted Answer

The answer of Executives who retaliate against employees who report...

Question 13

The Saxones-Oxley Act provides protection for employees who report possible securities fraud.

Accepted Answer

The answer of The Saxones-Oxley Act provides protection for employees...

Question 14

The voluntary release of non-public information is&#10;A)Whistle blowing&#10;B)Trumpet sounding&#10;C)Bell ringing&#10;D)Horn blowing

Accepted Answer

The answer of The voluntary release of non-public information is&#10;A)Whistle...

Question 15

Whistle-blowing is never justified.

Accepted Answer

The answer of Whistle-blowing is never justified....

Question 16

The question of motive is an important one in Kantian ethics.

Accepted Answer

The answer of The question of motive is an important...

Question 17

Some writers deny that employees have an obligation of loyalty to the company they work for.

Accepted Answer

The answer of Some writers deny that employees have an...

Question 18

Concern with self-interest is never warranted.

Accepted Answer

The answer of Concern with self-interest is never warranted....

Question 19

What is the primary source of an organization's right to expect employees to act on its behalf?&#10;A)Common decency&#10;B)Morality&#10;C)Common law&#10;D)Contract

Accepted Answer

The answer of What is the primary source of an...

Question 20

There are never any social benefits to whistle blowing.

Accepted Answer

The answer of There are never any social benefits to...

Deck 10: Moral Choices Facing Employees