Homework answers / question archive / University of Ottawa PHI 2397–FAll 2012                 BUSINESS ETHICS                                                                   MODEL of FINAL EXAM 1)What is the difference for terminating an employee if there is “just cause” and if there is not?       Laws against bribery of foreign officials distinguish bribery from "grease payments" or "facilitating payments"

University of Ottawa PHI 2397–FAll 2012                 BUSINESS ETHICS                                                                   MODEL of FINAL EXAM 1)What is the difference for terminating an employee if there is “just cause” and if there is not?       Laws against bribery of foreign officials distinguish bribery from "grease payments" or "facilitating payments"

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University of Ottawa

PHI 2397–FAll 2012                

BUSINESS ETHICS              

                                                   

MODEL of FINAL EXAM

1)What is the difference for terminating an employee if there is “just cause” and if there is not?

 

 

 

2. Laws against bribery of foreign officials distinguish bribery from "grease payments" or "facilitating payments". How and why?

 

 

3. What does the theory of utilitarianism require for action to be ethical? What is a criticism of the theory?

 

4. The ethical theory of absolute rules is based on testing for "universalizability”. Explain the essence of the test and what it is supposed to show.

 

5. What does “stakeholder theory” claim? What is a criticism of the theory?

 

6. Advertising can be defined in terms of two main purposes. What are they, and what ethical concern arises about them?   

 

7. Concerning responsibility for product safety, the principle used to be simply "caveat emptor". What does it mean, what has been a main criticism of it, and what general change has resulted?   

 

8. What is meant by "genetically modified foods" and what are two main concerns raised about them?

 

 

 

 

 

 

9. In a much-publicized case, a drive-through customer at McDonalds who spilled coffee in her lap sued the company. What was her case based on, and what (in general; dollar amounts not needed) resulted?

 

 

10. What occurred at the Westray Mine in Nova Scotia in 1992, and what did a public inquiry determine about it?

 

 

 

11. Decades before the subprime crisis, there occurred in the United States in the 1980s the somewhat similar Savings and Loan (S & L) scandal. What occurred?

 

 

 

 

12. The Savings and Loan (S & L) scandal of the 1970s and 1980s in the U.S. is often presented as a failure of government regulation that ended up being very costly for taxpayers. Explain how so.

 

13. In Microsoft Corp. v. Commission of the European Communities (2007), what was decided and why?

 

14. In response to the Enron scandal and others, the Sarbanes-Oxley Act in the U.S. was passed and similar legislation in Canada. What are two main elements of either the U.S. or Canadian legislation? 

 

 

15. Infant formula as marketed by Nestlé was a target of boycotts in the 1970s and 1980s. What are two aspects of the marketing that were of concern?

 

16. What did the U.S. Supreme Court conclude in F.T.C. v. Colgate-Palmolive Co. (1965), and why?

 

 

 

 

 

 

 

 

 

 

17. The recent and ongoing economic recession that began in the U.S. housing sector entered a new phase when it extended to the financial sector and involved “securitization”. Leaving aside the names and fates of specific companies, what main things occurred in that phase that were so problematic?     

 

 

 

 

18. Focussing on its main point and not its details, what is the "prisoners' dilemma" meant to demonstrate about the outcome for the prisoners? What is a possible application to an ethical issue for business?

 

 

19. Certain business practices are sometimes likened to aspects of the game of poker. Explain and illustrate the main point of this analogy, and then present two criticisms it.