LES 305 Exam 1-Vocab Questions And
Answers 100% Correct
Ethics Ethics consists of the unwritten rules we have developed for our interaction w each
other
Divine Command Theory ethical standards are based upon religious beliefs
Ethical Egoism Theory We all act in our own self-interest and limit out judgments to our
own conduct, not the conduct of others
Utilitarian Theory "greatest happiness principle", or doing the most good for the most
people
Categorical Imperative Immanuel Kant; One only ought to act such that the principle of
one's act could become a universal law of human action in a world which we hope to live.
Contractarians and Justive Putting ethical standards in place by a social contract. Rational
thinking people develop a set of rules for everyone
, LES 305 Exam 1-Vocab Questions And
Answers 100% Correct
Rights Theory Everyone has a set o rights and it is the role of the govt to enforce those
rights
Moral Relativists Time-and-place ethics. Making ethical choices based on the
circumstances; kind of like rationalization
ex: money and oprah
Virtue ethics- Plato and Aristotle Develop virtues and determine conduct by those virtues
Categories of ethical dilemma 1.Taking things that don't belong to you
2.Saying things that you know aren't true
3.Giving or allowing false impressions
4.Buying influence of engaging in conflicts of interest
5. Hiding or divulging information
6.Taking unfair advantage
7. Committing acts of personal decadence
, LES 305 Exam 1-Vocab Questions And
Answers 100% Correct
8.perpetration interpseonal abuse
9. Permitting organizational abuse
10.Violating Rules
11.Condoning unethical conduct
12. Balancing ethical dilemmas
Ways we avoid facing ethical dilemmas *Copy right infringement vs. "peer to peer
sharing"
*smoothing earnings vs. cooking the books
*lying vs. earnings management
ways we avoid facing ethical dilemmas -Rationalizations 1. everybody else does it
2. if we don't do it, someone else will
3. thats the way it has always been done
4. we'll wait until the lawyers tell us its wrong
5. It doesn't really hurt anyone
6. the system is unfair
, LES 305 Exam 1-Vocab Questions And
Answers 100% Correct
7. I was just following orders
Tests that can be used to resolve ethical dilemmas *Peter Drucker-Primum non nocere
*Laura Nash
*Blanchard and Peale
*Warren Buffet
*Wall street journal
Peter Drucker-Primum non nocere Above all do no harm
Laura Nash 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?
Answers 100% Correct
Ethics Ethics consists of the unwritten rules we have developed for our interaction w each
other
Divine Command Theory ethical standards are based upon religious beliefs
Ethical Egoism Theory We all act in our own self-interest and limit out judgments to our
own conduct, not the conduct of others
Utilitarian Theory "greatest happiness principle", or doing the most good for the most
people
Categorical Imperative Immanuel Kant; One only ought to act such that the principle of
one's act could become a universal law of human action in a world which we hope to live.
Contractarians and Justive Putting ethical standards in place by a social contract. Rational
thinking people develop a set of rules for everyone
, LES 305 Exam 1-Vocab Questions And
Answers 100% Correct
Rights Theory Everyone has a set o rights and it is the role of the govt to enforce those
rights
Moral Relativists Time-and-place ethics. Making ethical choices based on the
circumstances; kind of like rationalization
ex: money and oprah
Virtue ethics- Plato and Aristotle Develop virtues and determine conduct by those virtues
Categories of ethical dilemma 1.Taking things that don't belong to you
2.Saying things that you know aren't true
3.Giving or allowing false impressions
4.Buying influence of engaging in conflicts of interest
5. Hiding or divulging information
6.Taking unfair advantage
7. Committing acts of personal decadence
, LES 305 Exam 1-Vocab Questions And
Answers 100% Correct
8.perpetration interpseonal abuse
9. Permitting organizational abuse
10.Violating Rules
11.Condoning unethical conduct
12. Balancing ethical dilemmas
Ways we avoid facing ethical dilemmas *Copy right infringement vs. "peer to peer
sharing"
*smoothing earnings vs. cooking the books
*lying vs. earnings management
ways we avoid facing ethical dilemmas -Rationalizations 1. everybody else does it
2. if we don't do it, someone else will
3. thats the way it has always been done
4. we'll wait until the lawyers tell us its wrong
5. It doesn't really hurt anyone
6. the system is unfair
, LES 305 Exam 1-Vocab Questions And
Answers 100% Correct
7. I was just following orders
Tests that can be used to resolve ethical dilemmas *Peter Drucker-Primum non nocere
*Laura Nash
*Blanchard and Peale
*Warren Buffet
*Wall street journal
Peter Drucker-Primum non nocere Above all do no harm
Laura Nash 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?
