CASE: You are having lunch with another student. During the course of your conversation, you tell your friend about your exciting business ethics class. After you explain the seriousness of fraud and other acts of wrong doing, he asks you 4 questions you have to respond:

QUESTIONS:

1. What is the difference between fraud and an innocent error?
2. How would you detect fraud, that is, what framework would you use, deontological or teleological or both, to detect fraud? (For good definitions and examples of these ethical frameworks, see Power Point Set 1)
3. With all the advances in technology to detect and prevent fraud, why is fraud a growing problem?
4. If all acts of fraud or wrong doing can be detected and penalized one day, would business ethics still be important? Why or why not?