LES 305 Exam 1 questions with correct
answers A+ rated
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?
List the four views on social responsibility and business - correct answer ✔✔1. Inherence
2. Enlightened self-interest
3. Invisible hand
4. Social responsibility
Aristotle's Def. of Law - correct answer ✔✔reason unaffected by desire
Holmes' Def. of Law - correct answer ✔✔story of a nation's development
answers A+ rated
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?
List the four views on social responsibility and business - correct answer ✔✔1. Inherence
2. Enlightened self-interest
3. Invisible hand
4. Social responsibility
Aristotle's Def. of Law - correct answer ✔✔reason unaffected by desire
Holmes' Def. of Law - correct answer ✔✔story of a nation's development
