LES305 KORETZ EXAM Set Questions With Correct Answers
8 views 0 purchase
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...
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EWLindy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.34. You're not tied to anything after your purchase.
