BA 300 Practice mini final Questions And
Answers
c. Nozick's Rights Theory
--> (Business is contractual, there is freedom from force and fraud for both parties [no one is
obligated to pay money for mortgages] even if behind the scenes the company is acting on
insider information.) Goldma...
--> (Business is contractual, there is freedom from force and fraud for both parties [no one is
obligated to pay money for mortgages] even if behind the scenes the company is acting on
insider information.) Goldman Sachs CEO Lloyd Blankfein publicly justified the firm
selling bundles of troubled mortgages to its clients at the same time it bet the firm's own money
that the value of those mortgages would fall by saying that Goldman's *clients knew what they
were buying*. Goldman, he said, was *simply offering its clients a service*. Mr. Blankfein's
response reflects an attitude that is most consistent with:
a. Virtue Ethics
b. Sound principles of organizational behavior.
c. Nozick's Rights Theory
d. Rawl's Theory of Justice
e. The Ethics of Care
Virtue Ethics
, BA 300 Practice mini final Questions And
Answers
--> (Virtue Ethics at its core is a belief that you should act to be the most self-righteous you can
be, and to always do what is right in the big picture. Meritocracy, the basis of judging people
based on ability/achievement is fundamental to this philosophy.) On March 14, 2012,
Greg Smith, a former Vice President of investment giant Goldman Sachs, published an essay in
the New York Times explaining why he was resigning from the firm. He had joined Goldman 12
years before right out of college, but he said he was leaving because he had come to believe that
Goldman had developed a culture of putting quick profits for the firm ahead of the interests of
the firm's clients. Smith wrote: *"My proudest moments in life . . . have all come through hard
work*, with no shortcuts. Goldman Sachs today has become *too much about shortcuts* and
*not enough about achievement*. It just doesn't feel right to me anymore." Mr. Smith's decision
was driven by:
a. Utilitarianism
b. The illusion of superiority
c. Virtue Ethics
d. Integrative Social Contracts Theory
e. A low desire for moral appropriation of self
, BA 300 Practice mini final Questions And
Answers
e. Nozick's Rights Theory
--> (Nozick's Theory is largely a libertarian viewpoint about taking ownership of yourself and
being free of outside influences. A nanny state is akin to the idea of the helicopter parent, where
you are constantly watched and influenced to make choices you may not otherwise make on your
own.) A July 17, 2009 article in the Wall Street Journal entitled "Drinks with a Jolt Draw
New Scrutiny" discusses limits that states are considering imposing on the marketing of
caffeinated alcoholic beverages such as Joose that are especially popular with college students.
One beer distributor complained that regulators were unfairly targeting such drinks. "*I really
believe in personal responsibility*, and I think it's ridiculous that the attorneys general have
turned it into a *nanny state*." The ethical theory that best reflects the beer distributor's reaction
to the proposed new regulations is:
a. The Ethic of Care
b. Kohlberg's Theory of Moral Development
c. Integrative Social Contracts Theory
d. Rawl's Theory of Justice
e. Nozick's Rights Theory
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