LES 305 Koretz Exam 1 Questions With 100% Verified Solutions

LES 305 Koretz Exam 1 Questions With 100% Verified Solutions Steps to Follow for Analyzing an Ethical Dilemma - ANSWER -1. Make sure you have a grasp of all of the facts available. 2. List any information you would like to have but don't and what assumptions you would have to make, if any, in resolving the dilemma. 3. Take each person involved in the dilemma and list the concerns they face or might have. 4. Develop a list of resolutions for the problem. 5. Evaluate the resolutions for costs, legalities, and impact. 6. Make a recommendation on the actions that should be taken. Enlightened Self-interest School of Social Responsibility - ANSWER -advises managers to be more responsive to the larger society Inherence School of Social Responsibility - ANSWER -Advises managers to serve shareholders and to act only with shareholders' interests in mind. Invisible Hand School of Social Responsibility - ANSWER -Role of business is to serve larger society and it does so best when serving shareholders only. Common Law - ANSWER -laws adopted from England which are now judicially present in the U.S. Criminal Law - ANSWER -wrongs against society that are enforced by the government stare decisis - ANSWER -let the decision stand appellate court - ANSWER -a court of review that reviews the trial court proceedings for errors of law and procedure Attorney-Client Privilege - ANSWER -An attorney cannot disclose statements or information given by the client. Federal circuits - ANSWER -Geographic groupings of the federal district courts for purpose of appellate jurisdiction. Federal District Courts - ANSWER -trial court of the federal system Long-arm statutes - ANSWER -Statutes in each state that allow the courts to bring in defendants from outside the state so long as they have some "minimum contact" with the state. Minimum contracts - ANSWER -Standard used for determining in personam jurisdiction over residents outside the state of the court of litigation; nonresident defendants must have some relationship with the state to justify a court taking jurisdiction. Remand - ANSWER -When an appellate court sends a case to the a trial court for retrial or other proceeding as the result of the appellate court's decision. Reverse - ANSWER -action of an appellate court changing the decision of a lower court reversible error - ANSWER -Mistake made in lower court proceedings that is sufficient in magnitude to change the outcome of a case. Alternative Dispute Resolution (ADR) - ANSWER -Means other than litigation used to resolve disputes and claims; includes arbitration, mediation, and negotiated settlements. burden of proof - ANSWER -The responsibility of the party for providing the facts needed to recover in a lawsuit. Blanchard and Peele - ANSWER -Is it legal? Is it balanced? How does it make me feel? Divine Command Theory - ANSWER -Ethical standards are based upon religious beliefs Ethical Egoism - ANSWER -we all act in our own self interest and limit our judgments to our own conduct, not the conduct of others Laura Nash - 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? Categories of Ethical Dilemmas - ANSWER -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. h. Perpetrating interpersonal abuse. i. Permitting organizational abuse. j. Violating rules. k. Condoning unethical conduct. l. Balancing ethical dilemmas.