Small Ethics

Which of the following is an example of moral hazard?

Bank bailouts

To decide whether a behavior is opportunistic, one must answer the question:

Can previous understandings be changed unilaterally?"

Which of the following factors is most likely to lead to opportunistic behavior?

One person knowing more about the situation than the other

The class of small ethics, near ethics, or opportunism refers to behavior that has all of these characteristics, EXCEPT

The behavior is too small to matter ethically.

Close supervision is not an effective way of dealing with opportunism because it suffers all of the following defects EXCEPT

allows supervisors to better design situations to avoid opportunism.

Shrinkage, as a type of opportunism, refers to

employees commandeering common resources such as store inventory for their personal use.

Opportunism is most apt to be found where there are

general understandings about what to expect and trusting relationships.

Experts who want ideal worlds that people who are satisfied with adequate ones must pay for are engaging in

pressure.

The most rational approach to managing opportunism, considering cost and benefit, is

random monitoring and heavy penalties.

What is needed in ethics is a way to

reduce the bad behavior without destroying the person who engages in it.