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FinalReview - BA300 Final Exam Review Richard Gwinn MD...

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    BA-300 Final Exam Review Richard Gwinn, MD
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    Utilitarianism Decision Rule: Maximize utility ; the greatest good for the greatest number Advantages : A scientific , logical approach Disadvantages: Disregards the means , and can overlook the rights of minorities What to look for: Stakeholder analysis Attempt to get the best result for the maximum number of stakeholders
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    Utilitarianism: Example Due to economic conditions, Wayne’s budget has been reduced. He has to make do with less. His options include laying off workers, outsourcing production, a salary reduction, or a reduction in management. He consider all of the stakeholders , and each of his options , analyzing the effect of each solution on each stakeholder group. He decides that the best outcome, which produces the greatest good for the majority , is a reduction in management. Wayne’s reasoning is typical of: a. Objectivism b. Utilitarianism c. The Theory of Justice d. The Theory of Rights e. The Categorical Imperative
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    Nozick: Theory of Rights Decision Rule: No force or fraud Advantages : Complete freedom of action , minimum government intervention Disadvantages: Disregards interests of other stakeholders What to look for: No force (coercion) or fraud (lies, deception) Emphasis on rights of decision-maker
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    Nozick’s Theory of Rights: Example Mario sells copies of Italian furniture. People pay very high prices for his furniture because it looks like the real thing, even though it is very low quality with regard to both materials and construction. Mario is always careful not to claim that the furniture as the real thing, and he never uses any high pressure sales tactics. He believes that as long as he does not lie to the customer or pressure them to buy the furniture, there is nothing unethical about selling it for three times its actual value. This is reasoning is typical of: a. Objectivism b. Utilitarianism c. The Theory of Justice d. The Theory of Rights e. The Categorical Imperative
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    Rawls: Theory of Justice Decision Rule: Favor the least advantaged Advantages : An unbiased approach to social justice Disadvantages: Denies free will and concept of meritocracy What to look for: Decision specifically made to favor the least advantaged Social contract, and the “Veil of Ignorance”
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    Rawls Theory of Justice: Example A drug company makes a number of medications; one of their drugs is the only known treatment for a disease called ethicalism, that affects students at SDSU. Because so few people are affected, the drug is not very profitable, and the company is considering discontinuing the drug, which will leave these students without any effective treatment. But the CEO decides that they should continue production of the drug , because students of ethics at SDSU are poor, abused, and disadvantaged . This reasoning is most suggestive of: a. Objectivism b. Utilitarianism c. The Theory of Justice d. The Theory of Rights e. The Ethic of Care
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