What are the basic arguments for and against “cheating” on the personality tests?

Hi
Please read the following then answer the questions in maximum one page.

Assume that you have taken one industrial psychology course. As a term paper for this course, you thoroughly studied and reviewed the most popular personality tests used by companies as selection techniques. You recently completed your degree and are now looking for a position. You are especially interested in working for one particular company, and this firm is also actively considering you. As part of its selection process, the firm has requested that you complete a battery of test, including some personality measures. Because you (1) understand these tests so well and (2) have a good understanding of the type of person the firm is looking for, you know that you can answer the questions in the personality measure so as to make you a near-perfect candidate for the job. On the other hand, you also know that the personality traits the company is seeking, and on which you can score highly, are not exactly descriptive of your own personality. But you also believe that you are so highly motivated that you will excel if given the right opportunity.

Questions:

1) What are the ethical issues in this situation?
2) What are the basic arguments for and against “cheating” on the personality tests?
3) What do you think most job seekers would do? What would you do?