CHAPTER 02

CHAPTER 02 - CHAPTER SUMMARY Definitions Ethics study of...

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CHAPTER SUMMARY Definitions Ethics study of what is right or good for human beings Business Ethics study of what is right and good in a business setting Ethical Theories Ethical Fundamentalism individuals look to a central authority or set of rules to guide them in ethical decision making Ethical Relativism actions must be judged by what individuals subjectively feel is right or wrong for themselves Situational Ethics one must judge a person’s actions by first putting oneself in the actor’s situation Utilitarianism moral actions are those that produce the greatest net pleasure compared with net pain Act Utilitarianism assesses each separate act according to whether it maximizes pleasure over pain Rule Utilitarianism supports rules that on balance produce the greatest pleasure for society Cost-Benefit Analysis quantifies the benefits and costs of alternatives Deontology actions must be judged by their motives and means as well as their results Mann CH 02- 1
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CHAPTER 02 - CHAPTER SUMMARY Definitions Ethics study of...

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