and CORRECT Answers
primum non nocere - CORRECT ANSWER - "above all do no harm"
ethical egoism - CORRECT ANSWER - we all act in our own self-interest and limit our
judgements to our own conduct, not the conduct of others.
Blanchard and Peale - CORRECT ANSWER - Is it legal? Is it balanced? How does it
make me feel?
virtue ethicists (Plato & Aristotle) - CORRECT ANSWER - develop virtues and determine
conduct by those virtues
utilitarian theory - CORRECT ANSWER - greatest good for the greatest number of people
categorical imperative (Kant) - CORRECT ANSWER - one ought only to act such that the
principle of one's act could become a universal law of human action in a world in which one
would hope to live
rights theory - CORRECT ANSWER - everyone has a set of rights and it is the role of the
government to enforce those rights
contractarians and justice - CORRECT ANSWER - putting ethical standards in place by a
social contract; using rational thinking people to develop a set of rules for everyone
Front Page of the Newspaper Test - CORRECT 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."
, Laura Nash - CORRECT 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?
Steps to follow for analyzing an ethical dilemma - CORRECT ANSWER - 1. make sure
you have grasp of all available facts
2. list any info you would like to have but don't and what assumptions you would have to make
to resolve the dilemma
3. take each person involved and list the concerns they have
4. develop a list of resolutions for problem
5. evaluate resolution for costs, legalities, and impact