Flashcards
Chapter 2 Business Ethics
Cards in this deck (15)
- 1Ethical Fundamentalismindividuals look to a central authority or set of rules to guide them in ethical decision making
example:Bible - 2Ethical relativismasserts that actions must be judged by what individuals feel is right or wrong for themselves
ex: both people are always correct morally - 3Situational ethicsyou must put yourself in someone elses shoes before judging them
- 4Utilitarianismmoral actions are those that produce greatest overall pleasure vs pain. The greatest happiness for the greatest number
- 5Act utilitarianismeach separate act is judged
ex: lying would be the moral thing to do if it produced more pleasure than pain - 6rule utilitarianismgeneral rules must be established and followed even if it doesnt produce as much pleasure overall
- 7cost-benefit analysisunder utilitarian theory. Compares direct and indirect costs and benefits of program alternatives for meeting a specific goal
- 8deontology deon: dutyactions must be judged by their motives and means not just by their results
counteracts utilitarianism - 9Social ethics theoryfocuses on a persons obligations to other members of society and on individuals rights and obligations in society
- 10distributive justicestresses equality of opportunity rather than results.
"veil of ignorance"
society would pay attention to less fortunate so they dont suffer - 11libertariansliberty, not justice is most important obligation that society owes its members
stress market outcomes as the basis for distributing society's awards
If you earn wealth you deserve it, if not you just aren't that great. wealthy shouldn't have to give money to people who don't earn it - 12Intuitionisma rational person possesses inherent powers to assess the correctness of actions. Instincts are just as basic as our need for survival
- 13Kohlbergs stages of moral development3 stages
preconventional
convential
postconventional - 14Social contract theorycompanies owe a moral debt to society and must contribute to its betterment
- 15Stakeholder modelderivative of the social contract theory
a corporation has fiduciary responsibilities to all of its stakeholders
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- Flashcards on Chapter 2 Business Ethics, created by Elise Ridenhour on 11/11/2014.
- Created by
- Elise Ridenhour · Nov 2014
- Updated
- Feb 19, 2016
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