be2le07h.Ch02 Question 1 of 1 Check My Work (2 remaining I oversee the internal
ID: 2812993 • Letter: B
Question
be2le07h.Ch02 Question 1 of 1 Check My Work (2 remaining I oversee the internal audit function at my company. Although we always use a Big Four accounting firm, we have no loyalty to any one particular firm. We hold periodic bid competitions to get the lowest price we can. At the moment, we are using Firm A. Recently, one of the partners at A offered me box seats to a Red Sox game. I love the Red Sox, and even more importantly, I could have taken my father who, even though he has always been a big Sox fan, has never been to a game. However, I knew that we would soon be asking A to bid against the other Big Four firms for the right to do next year's audit. Needless to say, I was torn about what I should do. What pitfalls does this person face? Would something as minor as Red Sox tickets affect his decision about which audit firm to use? 2. If the narrator concluded that he should use the tickets to take his dad to his first game and thus maximize overall happiness, he would be adhering to Select 3. It is likely that the Red Sox tickets would influence him less than if Firm A had given him Select 4. If the narrator decides to go to the game but keep his decision a secret, his actions are not supported by Select Check My Work (2 remaining)Explanation / Answer
1. Veil Of Ignorance
The Boston Red Sox tickets can be described as a veil of ignorance as the narrator can imagine that he knows nothing about the bidding process which is what the concept of 'veil of ignorance' is: people making decisions assuming that they know nothing about the other positions, tastes, abiliites etc. So, he can look at it as a completely separate issue.
2. Deontological Ethics
If the narrator decides to use the tickets, he would be adhering to Deontological Ethics as him using the tickets is not a wrong action in itself and the morality of this decision should be based on this act itself and should not be related to the result of the bidding process.
Deontogical Ethics is a theory that states that the morality of an action should be based on whether that action itself is right or wrong under a series of rules, rather than based on the consequences of the action.
3. A pen with the Firm A logo
It would have influenced the narrator less as the pen can be seen as just marketing/promotional gesture and not as a benefit in any major way unlike the tickets which are of direct benefit to the narrator.
4. The Front Page Test
The narrator would need to think how he would feel if his action were reported on the frontpage of his hometown newspaper.
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