Question 1

Whistle-blowers are only human beings,not saints,and they sometimes have their own

Accepted Answer

Whistle-blowers, despite their intention to expose wrongdoing, may have their own self-serving agenda or motives for doing so. It is important to consider their credibility and possible ulterior motives before accepting their claims.

Question 2

A kickback is a kind of bribe.

Accepted Answer

A kickback is a form of bribe in which a person or company provides a commission or incentive to someone else in exchange for preferential treatment or favorable treatment. It is often considered a form of corruption and is illegal in many countries.

Question 3

Employees have certain general duties to their employers,and because of the specific business,professional,or organizational responsibilities they have assumed,they may have other more precise role-based obligations.

Accepted Answer

This statement is true. Employees have both general duties to their employers and specific obligations based on their role and responsibilities within the organization.

Question 4

A bribe is remuneration for the performance of an act that's inconsistent with the work contract or the nature of the work one has been hired to perform.

Accepted Answer

A bribe is a payment given to someone in order to influence their behavior or decision in a way that is inconsistent with their contractual or professional obligations. It is a form of corruption and can result in legal and ethical consequences.

Question 5

Insider trading is the buying or selling of stocks by business "insiders" on the basis of information that has not yet been made public and is likely to affect the price of the stock.

Accepted Answer

Insider trading involves using non-public information to buy or sell stocks, which is illegal.

Question 6

The Foreign Corrupt Practices Act (FCPA)outlaws grease payments.

Accepted Answer

The FCPA does not outlaw grease payments, which are small payments made to government officials or employees to expedite routine government actions, such as obtaining permits or licenses. However, the act does require companies to accurately record any grease payments made and to disclose them in their financial statements. Bribery, on the other hand, is strictly prohibited under the FCPA.

Question 7

As a general rule,if the contents of the work agreement that exists between the employee and the employer are legal and if the employee freely consents to them,then the employee is under an obligation to fulfill the terms of the agreement.

Accepted Answer

The statement accurately reflects the general rule regarding work agreements between employers and employees. If the terms are legal and the employee consents to them, they are obligated to fulfill the terms.

Question 8

According to Professor Norman Bowie,which of the following factors is primarily relevant to the motivation of whistle-blowers?

Accepted Answer

The answer of According to Professor Norman Bowie,which of the...

Question 9

The Sarbanes-Oxley Act marked an important advance for several reasons.One of which is that it

Accepted Answer

The Sarbanes-Oxley Act makes it illegal for executives to retaliate against employees who report possible violations of federal law, providing protection for employees who disclose securities fraud. Options A and B are incorrect as they go against the purpose of the act. Option D is partially correct but it does not describe the protection offered to employees who blow the whistle in good faith.

Question 10

The SEC's insider-trading rule reduces equality of opportunity in the marketplace.

Accepted Answer

The SEC's insider trading rule aims to ensure fairness and transparency in the marketplace by prohibiting trading based on material, non-public information, thereby promoting equality of opportunity among all investors.

Question 11

The law precisely defines the concept of a trade secret,just as it does patents and copyrights.

Accepted Answer

The answer of The law precisely defines the concept of...

Question 12

Companies have a right to prevent employees in technical fields from quitting and working for another company.

Accepted Answer

Companies do not have the right to prevent employees in technical fields from quitting and working for another company. This would be a violation of employees' rights and anti-competitive practices. However, companies may have non-compete agreements in place with employees that limit their ability to work for competitors for a certain amount of time after leaving the company. These agreements must be reasonable in scope and duration to be enforceable.

Question 13

In discussing the case of the truck stop cashier who is asked to write up phony receipts,the text argues that in at least one scenario

Accepted Answer

In this scenario, the cashier may have legitimate concerns about losing her job if she refuses to write up the phony receipts. In this case, it may be prudentially justified for her to go along with the request temporarily, while also looking for alternative employment. However, she should also consider reporting the misconduct to the appropriate authorities once she has secured alternative employment. This allows her to balance her prudential concerns with her moral obligations to report wrongdoing.

Question 14

Which act provides sweeping new legal protection for employees who report possible securities fraud,making it unlawful for companies to "discharge,demote,suspend,threaten,harass,or in any other manner discriminate against" them?

Accepted Answer

The Sarbanes-Oxley Act of 2002 provides sweeping new legal protection for employees who report possible securities fraud, making it unlawful for companies to "discharge, demote, suspend, threaten, harass, or in any other manner discriminate against" them.

Question 15

The Supreme Court has rejected the idea that inside trading involves "misappropriating" confidential information.

Accepted Answer

The Supreme Court has recognized misappropriation of confidential information as a form of insider trading. This theory holds that a person commits fraud when they misappropriate confidential information for securities trading purposes, in breach of a duty owed to the source of the information.

Question 16

All gifts are bribes.

Accepted Answer

While gifts may be given with the intention of influencing someone, not all gifts are given with the direct intent of receiving something in return or gaining an unfair advantage.

Question 17

The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States,but permits them to pay kickbacks to companies outside the United States.

Accepted Answer

The Foreign Corrupt Practices Act of 1977 prohibits companies from paying bribes or kickbacks to any foreign government official, political party, or candidate, regardless of whether the payment is made inside or outside the United States.

Question 18

An employee can have a conflict of interest even if he or she doesn't act to the detriment of the organization.

Accepted Answer

A conflict of interest can arise simply due to the employee's personal or financial interests being in conflict with the interests of the organization, even if the employee does not act in a way that harms the organization. It is important for employees to disclose any potential conflicts of interest to their employer and take steps to avoid any appearance of impropriety.

Question 19

The authors make the case that the FCPA illegitimately imposes parochial American standards on foreign countries.

Accepted Answer

The Foreign Corrupt Practices Act (FCPA) aims to prevent corruption and promote fair business practices internationally, not to impose American standards but to combat bribery and corruption in international business transactions.

Question 20

A conflict of interest arises when an employee has private interests that are substantial enough to interfere with his or her job duties.

Accepted Answer

A conflict of interest occurs when an individual's personal interests or obligations potentially clash with their professional obligations to an employer, organization, or even a broader community. This can manifest in a variety of ways depending on the nature of the job and the specific interests involved, but in general, conflicts of interest are situations in which an employee may be torn between their job responsibilities and their personal interests. Conflicts of interest can negatively impact an organization's ability to function effectively, undermine trust in its integrity and decision-making processes, and potentially violate ethical guidelines or legal requirements.

Quiz 10: Moral Choices Facing Employees