MIDTERM 1 MGT 356 - MIDTERM 1 MGT 356...

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MIDTERM 1 MGT 356 Definitions/Distinctions 1. Philosophy (A. Rand) Philosophy : The study of existence of man, and mans relationship of existence. a. Metaphysics : what is the nature of reality? b. Epistemology : How do I know it? Rational, instinct, conscious, logic, faith, emotions. c. Ethics : How should I conduct myself? The decisions you make to do something for your day/yourself. d. Rights: How can I maintain my moral code in Society? When society comes into life need rules. e. Politics : How should We conduct ourselves in society? As a group. 2. Moral Psychology vs. Moral Philosophy Moral Psychology : Describes how you do behave in moral situations. a. Moral decision-making : Steps or process people go through to make decisions. b. Moral development: How children become moral adults. Moral Philosophy : How you should behave in a moral situation. a. Character Ethics: Inware. - Virtue Theory: Each person choose what they think is most important and follows that. b. Situation Ethics : Outware. - Consequentialist : What moral based on consequence. - Nonconsequentialist : Not based on consequence. 3. Consequentialist Vs. Nonconsequentialist a. Consequentialist : What moral based on consequence. - Subjective egoism : Good for themselves. - Utilitarianism : Good for everyone including me. - Altruism : Good for everyone except me. b. Nonconsequentialist : Not based on consequence. - Deontology : Only out of Duty - Justice : Benefits least advantage - Rights : Freedom from force or fraud - Care : Be nice, care for people. 4. Negative Rights Vs. Positive Rights 1
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a. Negative Rights : Leave people alone, helps you. Lets you just do it. Nozicks said we should only have negative rights. b. Positive Rights: I have to do something for you. You don’t have to work to get the stuff. Don’t exist according to Nozicks. 5. Employee Rights vs. Employee Benefits: Right – right for meaningful work, due process, notice of closure Benefit – Something given to employees that they are not necessarily entitled to. These thing include child care, health insurance, severance pay, etc. 6. Historical vs. End-Result Theories: Historical – Distribution is just depending on how it came about. End-Result – Snapshot; decide whether it’s moral based on a structural principle. 7. Patterned vs. Unpatterned Principles: Patterned – Rectify a wrong by taking from one side and giving it to the other. Unpatterned – Constant Flux; ever-changing; not agreeable with the end-result because it does not agree with taking snapshots. 8. Utilitarian vs. Rights Justification of Capitalism: Utilitarianism – Capitalism is the economic system that best maximizes the common good. Rights – Capitalism is the only economic system that respects fundamental human rights, such as property rights and freedom of association. Ethical Theory Questions
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MIDTERM 1 MGT 356 - MIDTERM 1 MGT 356...

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