You are studying frantically for an accounting exam tomorrow. You are having difficulty in this course, and the grade you make on this exam can make the difference between receiving a final grade of B or C. If you receive a C, it will lower your grade point average to the point that you could lose your academic scholarship. An hour ago, a friend, also enrolled in the course but in a different section under the same professor, called you with some unexpected news. In her sorority test files, she has just found a copy of an old exam from the previous year. In looking at the exam, it appears to contain questions that come right from the class notes you have taken, even the very same numbers. She offers to make a copy for you and bring it over.
You glance at your course syllabus and find the following: You are expected to do your own work in this class. Although you may study with others, giving, receiving, or obtaining information pertaining to an examination is considered an act of academic dishonesty, unless such action is authorized by the instructor giving the examination. Also, divulging the contents of an essay or objective examination designated by the instructor as an examination is considered an act of academic dishonesty. Academic dishonesty is considered a violation of the student honor code, and will subject the student to disciplinary procedures, which can include suspension from the University. Although you have heard a rumor that fraternities and sororities have cleared their exam files with professors, you are not sure.

Requirements
1. What is the ethical issue in this situation?
2. Who are the stakeholders? What are the possible consequences to each?
3. Analyze the alternatives from the following standpoints:
(a) Economic
(b) Legal
(c) Ethical.
4. What would you do? How would you justify your decision? How would your decision make you feel afterward?
5. How is this similar to a business situation?