Is it ethical for companies to require employees to take a polygraph test before they are hired or promoted?

Discussion Prompt
Is it ethical for companies to require employees to take a polygraph test before they are hired or promoted? Would your answer be different if the company made products from a secret formula that competitors have so far been unsuccessful in imitating? What benefit do companies accrue if ethics is made a part of their corporate culture?
In resolving this dilemma, apply:
Utilitarianism
Deontology
Social Contract theory
Your own ethical reasoning on the issue supported by specific ideas from the readings

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