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During the recession, a story in The New York Times entitled The Bank Around the Corner focused on the Bank of Cattaraugus, which had only
During the recession, a story in The New York Times entitled "The Bank Around the Corner" focused on the Bank of Cattaraugus, which had only $12 million in assets and served a small town in upstate New York. It recounts the story of Carol Bonner, a 61-year-old retired secretary, who once fell behind in her property taxes and was forced to sell the home where she lived with her disabled sister. "[T]he bank's president, Patrick J. Cullen, who held the mortgage on the house, had his son Thomas Cullen buy it. Thomas Cullen, who lives in Chicago, never intended to live there. Ms. Bonner and her sister were able to stay as renters." Ms. Bonner was amazed. "I just didn't realize there were people like that in the world, people who would help you- especially, a banker." In the way he ran his bank, Patrick Cullen appears to have been guided by what ethical decision-making rule? The Ethic of Care O Objectivism O Nozick's Rights Theory O Integrative Social Contracts Theory Joan Walker's new secretary, Svetlana, realizes that she could have some cultural conflicts with her new American boss. When she hears of the position in the company's production crew that could fit her unemployed husband's skills, she considers recommending him. However, she knows that Joan Walker could impose the company's anti-nepotism rule and block his hiring, and may disapprove of Svetlana making the request. In this case, according to the Ethic of Care, Svetlana should: O Promote her husband's best interests up to the point of losing her job. Protect her own career and not mention the job to her husband or to Joan Walker. OKeep things easy for her new boss and stay loyal to her above all, regardless of her family. Not worry about promoting others' interests. Upon arriving in Russia, Joan Walker learned that companies in the country had a strong custom of employing members of the same family. Vandelay has an anti- nepotism policy, prohibiting the employment of members of the same family. Joan has heard that her new Russian secretary, Svetlana, may recommend her husband for a position in the company's production crew. Under the principles of ISCT, if Joan concludes that hiring family members does not violate any hypernorms, she should: Not prohibit her secretary's husband from being considered for the production job in light of Russia's cultural norms, even though the norm of allowing members of the same family to be employed violates the company's stated policy. O Prohibit her secretary's husband from applying because company policies should always prevail over the laws and customs of the country in which the company is doing business. Not prohibit her secretary's husband The two hypernorms that the developers of Integrative Social Contracts Theory identified are: O Fundamental human rights and respect for human dignity. O Respect for human dignity and reducing inequality. O Fundamental human rights and adapting to cultural norms. O Greatest benefit to the least advantaged and respect for human dignity. Which of the following behaviors is not likely of an Objectivist? O Sell his or her favorite painting to donate the proceeds to charity. Give his or her child the last of the food in the house, and go hungry him/herself. Refuse to accept a promotion because he or she doesn't deserve it. Use his or her savings to go to night school instead of taking a vacation
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