Select the statement that, ethically speaking, best represents a valid concept of what loyalty to a firm means.

Multiple Choice

Since the model of agency law lays a legal duty of loyalty on employees, employees clearly have a corresponding ethical responsibility to be loyal.

Loyalty means a willingness to sacrifice one's own interest by going above and beyond ordinary employee responsibilities.

Loyal employees are expected to sacrifice for the firm even though the firm is not necessarily bound to sacrifice for the employee.

While a willingness to sacrifice might be a part of loyalty, it would seem that devotion and faithfulness to a common good is both more essential to loyalty and what explains the willingness to sacrifice.