Exam (elaborations)

LES305 KORETZ EXAM Set Questions With Correct Answers

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Course
Les 305

Institution
Les 305

LES305 KORETZ EXAM Set Questions With Correct Answers Contractarians and Justice - ANSWER : utting ethical standards in place by a social contract. Rational thinking people develop a set of rules for everyone Rights Theory - ANSWER : Everyone has a set of rights and it is the role of g...

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Uploaded on August 13, 2024
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Contains Questions & answers

les305 koretz
les305
les305 koretz exam set questions with correct ans

Institution Les 305
Course Les 305

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LES305 KORETZ EXAM
Set Questions With Correct
Answers

Contractarians and Justice - ANSWER ✔ : utting ethical
standards in place by a social contract. Rational thinking
people develop a set of rules for everyone

Rights Theory - ANSWER ✔ : Everyone has a set of
rights and it is the role of government to enforce those
rights.

Moral Relativists - ANSWER ✔ : Time-and-place ethics.
Making ethical choices based on the circumstances.

Plato and Aristotle - ANSWER ✔ : Develop virtues and
determine conduct by those virtues

List the categories of ethical dilemmas - ANSWER ✔ : a.
Taking things that don't belong to you
b. Saying things you know are not true.
c. Giving or allowing false impressions
d. Buying influence or engaging in conflicts of interest
e. Hiding or divulging information
f. Taking unfair advantage g. Committing acts of personal
decadence

,h. Perpetrating interpersonal abuse
i. Permitting organizational abuse
j. Violating rules
k. Condoning unethical conduct
l. Balancing ethical dilemmas

Give the ways we avoid facing ethical dilemmas -
ANSWER ✔ : a. Give examples of different labels.
Copyright infringement vs. peer-to-peer file sharing
Smoothing earnings vs. cooking the books Lying vs.
earnings management
b. List the rationalizations (1) Everybody else does it (2) If
we don't do it, someone else will (3) That's the way it has
always been done (4) We'll wait until the lawyers tell us it's
wrong (5) It doesn't really hurt anyone (6) The system is
unfair (7) I was just following orders

Peter Drucker - ANSWER ✔ : primum non nocere;
above all do no harm

Laura Nash - ANSWER ✔ : (1) Have you defined the
problem accurately? (2) How would you define the
problem if you stood on the other side of the fence? (3)
How did this occur in the first place? (4) To whom and
what do you give your loyalties as a person and as a
member of the corporation? (5) What is your intention in
making this decision? (6) How does this intention compare
with the likely results? (7) Whom could your decision or
action injure? (8) Can you engage the affected parties in a
discussion of the problem before you make your decision?

, (9) Are you confident that your position will be as valid
over a long period of time as it seems now? (10) Could
you disclose without qualm your decision or action to your
boss, your CEO, the board of directors, your family, or
society as a whole? (11) What is the symbolic potential of
your action if understood? If misunderstood? (12) Under
what conditions would you allow exceptions to your stand?

Blanchard and Peale - ANSWER ✔ : (1) Is it legal? (2) Is
it balanced? (3) How does it make me feel?

Warren Buffett - ANSWER ✔ : "Contemplating any
business act, an employee should ask himself whether he
would be willing to see it immediately described by an
informed and critical reporter on the front page of his local
paper, there to be read by his spouse, children, and
friends. At Salomon we simply want no part of any
activities that pass legal tests but that we, as citizens,
would find offensive."

Wall Street Journal - ANSWER ✔ : (1) Am I in
compliance with the law? (2) What contribution does this
choice of action make to the company, the shareholders,
the community, and others? (3) What are the short- and
long-term consequences of this decision?

Categorical Imperative (Kant) - ANSWER ✔ : Do unto
others are you would have them do unto you.

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Exam (elaborations)

LES305 KORETZ EXAM Set Questions With Correct Answers

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