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LES 305 Exam 1 Questions and Answers 2026/2027|A+ Grade

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It includes exam-style questions with verified answers on legal foundations, sources of law, the court system, jurisdiction, constitutional principles, business ethics, dispute resolution methods, and the legal environment of business. The material is designed to help students strengthen their understanding of key legal concepts, evaluate their knowledge, and prepare effectively for examinations. It serves as a valuable resource for revision, self-assessment, and academic success in LES 305.

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LES 305
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LES 305

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LES 305 Exam 1 questions and answers 2026\2027 A+
Grade

Ethics
- correct answer unwritten rules we have developed for our interactions with eachother; govern when
we are sharing resources or honoring contracts



Divine Command Theory
- correct answer based on religious beliefs, made on the basis of a divine being



Ethical Egoism Theory
- correct answer act in our own self interest and should not interfere with w/ others



Categorical Imperative Theory
- correct answer you cannot use other in a way that gives you a "one-sided benefit;" must operate under
the same usage rules... universal law that everyone else follows



Contradictions and Justice Theory
- correct answer determine what are good rules for society; blank slate



Rights Theory
- correct answer everyone has a set of rights; gov't's job to enforce those rights



Plato & Aristotle
- correct answer solving ethical dilemmas requires training; develop and nurture set of virtues



Utilitarian Theory
- correct answer greatest good for the greatest number of people

, Moral Relativists Theory
- correct answer "time and place ethics;" making ethical decisions based on circumstances



Ways we avoid ethical dilemmas
- correct answer re-labeling and rationalizing



Primum non nocere
- correct answer "above all, do no harm"



Laura Nash
- correct answer List of tests.... study those



Blanchard & Peale
- correct answer "Is it legal? Is it balanced? How does it make you feel?"



Warren Buffet
- correct answer front of the newspaper test: contemplating any business act, an employee should ask
himself if whether he would be willing to see it on the front page of the local newspaper



Wall Street Journal
- correct answer 1. In compliance with the law?

2. Contribution to the company?

3. Short and Long Term consequences



Immanual Kent
- correct answer "do unto others as you would like them to do unto you"



Steps for Analyzing Ethical Dilemmas
- correct answer (6) Look at list



2 questions companies are faced with on social responsibility issues
- correct answer 1. Whose interests should a corporation serve?

2. To whom should a corporation be responsive in order to best serve that interest?

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LES 305
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