Ethics Exam 2

Business Ethics exam material

47 cards   |   Total Attempts: 182
  

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Cards In This Set

Front Back
Five Schools of Philosophical Thought
Egoism, Utilitarianism, Universalism, Virtue Ethics, Feminist Ethics
Egoism
"Selfishness is a virtue" *Ayn Rand* Altruism is not in your self interest. It is ok to be selfish; Interested in maximizing the good stuff for yourself, family, business
Limitations of Egoism
Not everyone is self-interested (parenting); How does democratic consensus occur
Utilitarianism
Jeremy Bentham- Hedonistic Utilitarianism= best consequences brought greatest pleasure; Rightness vs. wrongness is based on its consequences
Three Roles of the State for Utilitarianism
1. Don't let people suffer needlessly2. Encourage abundance3. Equality of means
Philosophy
Study of thought and behavior (descriptive)
Normative Philosophy
Study of proper thought and proper conduct- tells us what we should do (perscriptive)
Morality
Standards of behavior
Ethics
Systems of beliefs
Ethical relativism
Technique in moral reasoning where you try to identify universal principles that all groups can follow
Golden Rule
Do unto others as you wish they do unto you
Public disclosure
Would you do it if it were on the front page newspaper tomorrow?
Universal test
If everyone else were to engage in the activity, would the world be a better place?
Utilitarianism (John Stuart Mill)
Eudaemonistic-Best consequences generate greatest amount of happiness (long-term)-The ends justify the means-Greatest good for greatest amount of people
Limitations of Utilitarianism
1. Actions not judged, only consequences2. Aggregate over individual