LES 305 Exam | Questions And Answers Latest {2024- 2025} A+ Graded | 100% Verified
Compliance with the law meets all ethical standards. True or false? - False
I was just following orders" is a defense in law and a test for ethical behavior. True or false ? - False
Many companies that had been headquartered in the United States have decided to conduct corporate
inversions, in which they sell their assets to a foreign corporation so they can claim a new residence in
that country for corporate tax purposes and avoid paying corporate taxes in the United States. This
action is permissible under which school of social responsibility? a. inherence school
b. enlightened self-interest school
c. invisible hand school
d. social responsibility school - inherence school (it is an action designed to benefit shareholders
exclusively)
With respect to the corporate inversions described above, they are permissible under which ethical
theory? a. primum non nocere.
b. utilitarianism.
c. ethical egoism.
d. Divine Command.
e. None of the answer choices are correct - ethical egoism
What question is missing from this model of the steps for analyzing ethical dilemmas in your book?
i. Gather the facts.
ii. List missing information and your assumptions.
iii. Generate list of alternatives and apply ethical decision-making models.
iv. Evaluate resolutions for cost, legality and impact.
v. Recommend and take action. a. Follow management's code of conduct.
b. Follow your industry's code of conduct.
c. Apply ethical decision-making models.
, d. List each stakeholder's interests (concerns) in the dilemma.
e. Nothing is missing from the model above. - List each stakeholder's interests (concerns) in the
dilemma.
Is there an ethical issue when restaurants and shops give customers discounts, free meals and other
kickbacks in exchange for good reviews on Yelp and other social media websites? a. No. Everyone else is
doing it, so there is no problem.
b. No. This is allowable using utilitarianism.
c. No. Customers can be objective under the circumstances.
d. Yes. This creates a conflict of interest on behalf of the reviewer customers.
e. Yes. This falls in the category of Taking Something that Does Not Belong to You. - Yes. This creates a
conflict of interest on behalf of the reviewer customers.
Committing acts of personal decadence, like driving home drunk after an office holiday party has no
relevance to business ethics. True or false ? - False
Tolerating someone else's unethical actions is not an ethical dilemma since you did not actually commit
any act that is unethical. True or false? - False
The Ice-T case illustrates what can happen when managers don't take shareholders interests into
account when making business decisions. True or false? - True
Cheating on exams is acceptable because
a. "It is not illegal."
b. "It doesn't really hurt anyone."
c. "The system is unfair."
d. None of the above because all are rationalizations. - None of the above because all are
rationalizations
Which of the categories of ethical dilemmas should you be concerned about when you have an
arbitration clause in your employment contract and your employer is the one paying the arbitration
fees? a. Hiding information.
b. Creating false impressions.
Compliance with the law meets all ethical standards. True or false? - False
I was just following orders" is a defense in law and a test for ethical behavior. True or false ? - False
Many companies that had been headquartered in the United States have decided to conduct corporate
inversions, in which they sell their assets to a foreign corporation so they can claim a new residence in
that country for corporate tax purposes and avoid paying corporate taxes in the United States. This
action is permissible under which school of social responsibility? a. inherence school
b. enlightened self-interest school
c. invisible hand school
d. social responsibility school - inherence school (it is an action designed to benefit shareholders
exclusively)
With respect to the corporate inversions described above, they are permissible under which ethical
theory? a. primum non nocere.
b. utilitarianism.
c. ethical egoism.
d. Divine Command.
e. None of the answer choices are correct - ethical egoism
What question is missing from this model of the steps for analyzing ethical dilemmas in your book?
i. Gather the facts.
ii. List missing information and your assumptions.
iii. Generate list of alternatives and apply ethical decision-making models.
iv. Evaluate resolutions for cost, legality and impact.
v. Recommend and take action. a. Follow management's code of conduct.
b. Follow your industry's code of conduct.
c. Apply ethical decision-making models.
, d. List each stakeholder's interests (concerns) in the dilemma.
e. Nothing is missing from the model above. - List each stakeholder's interests (concerns) in the
dilemma.
Is there an ethical issue when restaurants and shops give customers discounts, free meals and other
kickbacks in exchange for good reviews on Yelp and other social media websites? a. No. Everyone else is
doing it, so there is no problem.
b. No. This is allowable using utilitarianism.
c. No. Customers can be objective under the circumstances.
d. Yes. This creates a conflict of interest on behalf of the reviewer customers.
e. Yes. This falls in the category of Taking Something that Does Not Belong to You. - Yes. This creates a
conflict of interest on behalf of the reviewer customers.
Committing acts of personal decadence, like driving home drunk after an office holiday party has no
relevance to business ethics. True or false ? - False
Tolerating someone else's unethical actions is not an ethical dilemma since you did not actually commit
any act that is unethical. True or false? - False
The Ice-T case illustrates what can happen when managers don't take shareholders interests into
account when making business decisions. True or false? - True
Cheating on exams is acceptable because
a. "It is not illegal."
b. "It doesn't really hurt anyone."
c. "The system is unfair."
d. None of the above because all are rationalizations. - None of the above because all are
rationalizations
Which of the categories of ethical dilemmas should you be concerned about when you have an
arbitration clause in your employment contract and your employer is the one paying the arbitration
fees? a. Hiding information.
b. Creating false impressions.
