LES 305 Koretz Exam 1 (2025/2026) QUESTIONS AND
(elaborated) ANSWERS WITH COMPLETE SOLUTIONS
Keeping a Order - (ANSWERS)1. Examples: Traffic laws, criminal laws,
trespass laws, property laws
2. Safety − USA Patriot Act
A. Reporting requirements
B. Search warrants
Explain what ethics is - (ANSWERS)Ethics consists of the unwritten rules
we have developed for our interaction with each other.
Divine Command Theory - (ANSWERS)Ethical standards are based upon
religious beliefs
.Ethical Egosim Theory - (ANSWERS)We all act in our own self-interest
and limit our judgments to our own conduct, not the conduct of others.
Utilitarian Theory: - (ANSWERS)"Greatest happiness principle," or doing
the most good for the most people.
Categorical Imperative and Immanuel Kant - (ANSWERS)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
,LES 305 Koretz Exam 1 (2025/2026) QUESTIONS AND
(elaborated) ANSWERS WITH COMPLETE SOLUTIONS
Contractarians and Justice - (ANSWERS)utting ethical standards in place
by a social contract. Rational thinking people develop a set of rules for
everyone
Rights Theory - (ANSWERS)Everyone has a set of rights and it is the role
of government to enforce those rights.
Moral Relativists - (ANSWERS)Time-and-place ethics. Making ethical
choices based on the circumstances.
Plato and Aristotle - (ANSWERS)Develop virtues and determine conduct
by those virtues
List the categories of ethical dilemmas - (ANSWERS)a. Taking things that
don't belong to you
B. Saying things you know are not true.
C. Giving or allowing false impressions
D. Buying influence or engaging in conflicts of interest
E. Hiding or divulging information
F. Taking unfair advantage g. Committing acts of personal decadence
, LES 305 Koretz Exam 1 (2025/2026) QUESTIONS AND
(elaborated) ANSWERS WITH COMPLETE SOLUTIONS
H. Perpetrating interpersonal abuse
I. Permitting organizational abuse
J. Violating rules
K. Condoning unethical conduct
L. Balancing ethical dilemmas
Give the ways we avoid facing ethical dilemmas - (ANSWERS)a. Give
examples of different labels. Copyright infringement vs. Peer-to-peer file
sharing Smoothing earnings vs. Cooking the books Lying vs. Earnings
management
B. List the rationalizations (1) Everybody else does it (2) If we don't do it,
someone else will (3) That's the way it has always been done (4) We'll wait
until the lawyers tell us it's wrong (5) It doesn't really hurt anyone (6) The
system is unfair (7) I was just following orders
Peter Drucker - (ANSWERS)primum non nocere; above all do no harm
Laura Nash - (ANSWERS)(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
(elaborated) ANSWERS WITH COMPLETE SOLUTIONS
Keeping a Order - (ANSWERS)1. Examples: Traffic laws, criminal laws,
trespass laws, property laws
2. Safety − USA Patriot Act
A. Reporting requirements
B. Search warrants
Explain what ethics is - (ANSWERS)Ethics consists of the unwritten rules
we have developed for our interaction with each other.
Divine Command Theory - (ANSWERS)Ethical standards are based upon
religious beliefs
.Ethical Egosim Theory - (ANSWERS)We all act in our own self-interest
and limit our judgments to our own conduct, not the conduct of others.
Utilitarian Theory: - (ANSWERS)"Greatest happiness principle," or doing
the most good for the most people.
Categorical Imperative and Immanuel Kant - (ANSWERS)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
,LES 305 Koretz Exam 1 (2025/2026) QUESTIONS AND
(elaborated) ANSWERS WITH COMPLETE SOLUTIONS
Contractarians and Justice - (ANSWERS)utting ethical standards in place
by a social contract. Rational thinking people develop a set of rules for
everyone
Rights Theory - (ANSWERS)Everyone has a set of rights and it is the role
of government to enforce those rights.
Moral Relativists - (ANSWERS)Time-and-place ethics. Making ethical
choices based on the circumstances.
Plato and Aristotle - (ANSWERS)Develop virtues and determine conduct
by those virtues
List the categories of ethical dilemmas - (ANSWERS)a. Taking things that
don't belong to you
B. Saying things you know are not true.
C. Giving or allowing false impressions
D. Buying influence or engaging in conflicts of interest
E. Hiding or divulging information
F. Taking unfair advantage g. Committing acts of personal decadence
, LES 305 Koretz Exam 1 (2025/2026) QUESTIONS AND
(elaborated) ANSWERS WITH COMPLETE SOLUTIONS
H. Perpetrating interpersonal abuse
I. Permitting organizational abuse
J. Violating rules
K. Condoning unethical conduct
L. Balancing ethical dilemmas
Give the ways we avoid facing ethical dilemmas - (ANSWERS)a. Give
examples of different labels. Copyright infringement vs. Peer-to-peer file
sharing Smoothing earnings vs. Cooking the books Lying vs. Earnings
management
B. List the rationalizations (1) Everybody else does it (2) If we don't do it,
someone else will (3) That's the way it has always been done (4) We'll wait
until the lawyers tell us it's wrong (5) It doesn't really hurt anyone (6) The
system is unfair (7) I was just following orders
Peter Drucker - (ANSWERS)primum non nocere; above all do no harm
Laura Nash - (ANSWERS)(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
