Inside traders ordinarily defend their actions by claiming that they don’t injure

Question 1

Some writers deny that employees have any obligation of loyalty to the company, because

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companies are not the kind of things that are properly objects of loyalty.

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you cannot trust anyone.

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it’s every man for himself.

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companies just aren’t the same any more.

Question 2

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

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salary.

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bandwagon.

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self-serving agenda.

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office.

Question 3

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?

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Sarbanes-Oxley Act of 2002
c. Economic Espionage Act

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Foreign Corruption Act
d. U.S. vs. O’Hagan

Question 4

In the 1997 case of U.S. v. Hagan, the Supreme Court found that Hagan

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had been discriminated against because of whistle blowing.

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was innocent of insider trading.

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violated the FCPA despite never having gone overseas.

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had misappropriated confidential information.

Question 5

In discussing the case of the truck stop cashier who is asked to write up phony chits or receipts, the text argues that

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there is nothing wrong with writing up the chits.

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she should resign immediately.

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she may be justified in "going along," at least temporarily.

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morality never requires us to sacrifice our own interests.

Question 6

Shaw and Barry mention three arguments for legally protecting trade secrets. Which of these is one of them?

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Trade secrets are the intellectual property of the employee who developed them.

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Employees who disclose trade secrets violate the confidentiality owed to their employers

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Trade secrets are patented.

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Trade secrets are trademarked.

Question 7

Conflicts of interest

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have become less frequent today.

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always involve personal financial gain.

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are morally worrisome only when the employee acts to the detriment of the company.

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occur when employees' private interests are substantial enough to potentially interfere with their job duties.

Question 8

The use of one’s official position for what always raises moral concerns and questions?

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power trips

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stepping stones to success

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egos

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personal gain

Question 9

According to the Supreme Court,

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there is nothing improper about an outsider’s using information, as long as the information is not obtained from an insider who breaches a legal duty to the corporation’s shareholders.

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anyone buying/selling stock based on nonpublic information is guilty of inside trading.

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insider trading violates the interstate commerce clause of the Constitution.

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it should be left up to the company, not the government, to decide whether or not to prohibit insider trading.

Question 10

Based on guidelines of employer/employee relations, which statement is true?

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company loyalty is an outmoded, illegitimate concept that employees today reject

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the traditional law of agency obliges employees to act loyally and in good faith and to carry out lawful instructions

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an employee's work contract is irrelevant to his or her moral obligations

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no value is more important than loyalty, whether to a person or an organization

Question 11

The Donald Wohlgemuth case shows that

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trade secrets can be patented.

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trade secrets often become an integral part of an employee's total job skills and capabilities.

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employees need to divest themselves of any skill acquired while handling trade secrets.

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"noncompete" or "nondisclosure" contracts are always legally valid

Question 12

Inside traders ordinarily defend their actions by claiming that they don’t injure

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the boss.

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their family.

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the President.

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anyone.

Question 13

A whistle-blower

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doesn't have to be a past or present member of the organization.

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doesn't have to report activity that is illegal, immoral, or harmful.

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is any employer who spreads gossip.

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far from being disloyal, may be acting in the best interest of the organization.

Question 14

In determining the morality of giving and receiving gifts in a business situation, which of the following factors is MOST relevant?

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the purpose of the gift

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the size of the business

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amount of the cash

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whether the company is privately held or publicly held

Question 15

A "trade secret"

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is legally equivalent to a patent or copyright.

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need not be treated confidentially by the company in order to be protected.

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can become part of an employee's technical knowledge, experience, and skill.

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is a narrow, precise concept that the law defines in great detail.