Choose one (1) of the following Case Scenarios to complete.Case Scenario 1:You may remember hearing about Martha Stewart’s criminalconviction related to her sale of stock in a friend’s company based onan insider tip that the friend was selling his shares of his owncompany’s stock. (She actually went to jail not for the insider tradingitself but for lying about what happened and her reasons for selling hershares of the stock.) Consider this situation from eachperspective of egoism, utilitarianism, duty-based ethics, and virtueethics as you answer the following questions and give reasons for youranswers based on each of those ethical theories.Is insider trading inherently wrong? Or is it only wrong because it is illegal?In what sense was it ethical for Martha Stewart’s stockbroker to pass along to her the insider tip that her friend was sellingoff his stock in his company? In what sense was it unethical for thebroker to do so?In what sense was it ethical for Martha Stewart to saveherself from about $45,000 in losses by trading her stock based on theinsider tip? In what sense was it unethical for her to do so?Case Scenario 2:Suppose you are opposed to the use of child labor inmanufacturing because you think it is important for children to have anopportunity to go to school and play. Laws in the United States regulatechild labor, but some countries allow it. In some situations around theworld, a family depends on the child’s earnings to be able to afford toeat.From the perspective of egoism, utilitarianism, duty-basedethics, and virtue ethics, answer the following questions and givereasons for your answers based on those ethical theories.Would you buy competitively-priced products if you knewthat the low prices came from savings in manufacturing costs based onpaying low wages to children in poor countries?If you learned that your employer manufactured,distributed, or sold products made using child labor, would you keepworking there, if you were depending on your job to feed and clothe yourown child?Would you advocate closing factories that use child labor,even if the result would be that the jobless children and theirfamilies would go hungry?
