Ethics in Action

Ethics in Action - Ethics Ethics in Action April Rice...

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Ethics Ethics in Action April Rice BUS670: Legal Environment Jennifer Stephens May 16, 2011 1
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Ethics Ethics in Action We as people make various decisions on a day to day basis. Studies have shown that some people are much poorer at decision making than they think. An understanding of what decision making involves will help produce better decisions. Decision making is the study of identifying and choosing alternatives based on the values and preferences of the decision maker. Making a decision implies that there are alternative choices to be considered. People should choose the one alternative that has the highest probability of success or effectiveness and the one that best fits with their goals, desires, lifestyle, values, and so forth. There are several basic kinds of decisions. Decisions whether, decisions which, and contingent decisions are just to name a few. Decisions whether is the yes/no, either/or decision that must be made before we proceed with the selection of an alternative. Decisions whether are made by weighing reasons pro and con. It is important to be aware
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This note was uploaded on 10/06/2011 for the course FINANCE 650 taught by Professor Johndoe during the Spring '11 term at Kentucky.

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Ethics in Action - Ethics Ethics in Action April Rice...

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