Business Ethics Questions and
Answers
Ethics
✓ ~~~ The values which an individuals uses to interpret whether any particular action is
considered acceptable or appropriate
Business Ethics
✓ ~~~ The collective value of a business organization that can be used to evaluate whether
the behavior of the collective members of the organization are considered acceptable and
appropriate
Individual Morals
✓ ~~~ -Plays a significant role in determining one's ethics
-Is made up of: principles, character, and understanding consequences of actions
-Descriptive Ethics
-Analytical Ethics
-Normative Ethics
✓ ~~~ Types of Ethical Examinations
Descriptive Ethics
✓ ~~~ Simply the presentation of facts related to an ethical dilemma
Analytical Ethics
✓ ~~~ The understanding of the reasons why a course of action took place that have an
ethical impact
,Normative Ethics
✓ ~~~ -The prescribed course of action that attempts to ensure that ethical behavior will be
followed in the future
-Presents information on what should be done in the future
-Ethical egoism
-Utilitarianism
-Sidgwick's dualism
✓ ~~~ Teleological Frameworks
Ethical egoism
✓ ~~~ The belief that individuals will act in a way to benefit themselves if the net result will
generate positive results
Utilitarianism
✓ ~~~ Belief that individual actions should provide the greatest good for the greatest
number of people
Sidgwick's dualism
✓ ~~~ Bridges the gap between ethical egoism and utilitarianism. Believed that
utilitarianism is the foundation of ethics. However, also believed that self interest can also
be part of an ethical foundation
Deontological Frameworks
✓ ~~~ Focus on the duty or obligation in determining whether the actions are right or wrong
-Existentialism
, -Contractarianism
-Kant's ethics
✓ ~~~ Deontological Frameworks
Existentialism
✓ ~~~ Belief that the only person who can determine right and wrong is the person making
the decision
Contractarianism
✓ ~~~ Based on the belief that all individuals agree to social contract to be members within
a society (also called social contract theory)
Kant's ethics
✓ ~~~ Based on the belief that the free will to make decisions must be converted into
universal will
-Fidelity
-Reparation
-Gratitude
-Justice
-Beneficence
-Self improvement
-Noninjury
✓ ~~~ Seven Guiding Principles to Support Ethical Actions (be able to define each)
Answers
Ethics
✓ ~~~ The values which an individuals uses to interpret whether any particular action is
considered acceptable or appropriate
Business Ethics
✓ ~~~ The collective value of a business organization that can be used to evaluate whether
the behavior of the collective members of the organization are considered acceptable and
appropriate
Individual Morals
✓ ~~~ -Plays a significant role in determining one's ethics
-Is made up of: principles, character, and understanding consequences of actions
-Descriptive Ethics
-Analytical Ethics
-Normative Ethics
✓ ~~~ Types of Ethical Examinations
Descriptive Ethics
✓ ~~~ Simply the presentation of facts related to an ethical dilemma
Analytical Ethics
✓ ~~~ The understanding of the reasons why a course of action took place that have an
ethical impact
,Normative Ethics
✓ ~~~ -The prescribed course of action that attempts to ensure that ethical behavior will be
followed in the future
-Presents information on what should be done in the future
-Ethical egoism
-Utilitarianism
-Sidgwick's dualism
✓ ~~~ Teleological Frameworks
Ethical egoism
✓ ~~~ The belief that individuals will act in a way to benefit themselves if the net result will
generate positive results
Utilitarianism
✓ ~~~ Belief that individual actions should provide the greatest good for the greatest
number of people
Sidgwick's dualism
✓ ~~~ Bridges the gap between ethical egoism and utilitarianism. Believed that
utilitarianism is the foundation of ethics. However, also believed that self interest can also
be part of an ethical foundation
Deontological Frameworks
✓ ~~~ Focus on the duty or obligation in determining whether the actions are right or wrong
-Existentialism
, -Contractarianism
-Kant's ethics
✓ ~~~ Deontological Frameworks
Existentialism
✓ ~~~ Belief that the only person who can determine right and wrong is the person making
the decision
Contractarianism
✓ ~~~ Based on the belief that all individuals agree to social contract to be members within
a society (also called social contract theory)
Kant's ethics
✓ ~~~ Based on the belief that the free will to make decisions must be converted into
universal will
-Fidelity
-Reparation
-Gratitude
-Justice
-Beneficence
-Self improvement
-Noninjury
✓ ~~~ Seven Guiding Principles to Support Ethical Actions (be able to define each)
