ETHICS 311 MAIN PAPER ANSWERS AND
QUESTIONS SET A+
Classical View - ✔✔the view that management's only social responsibility is to maximize
profits
✔✔Socioeconomic View - ✔✔the view that managers' social responsibilities go beyond
making profits to include protecting and improving society's welfare
✔✔Ethics - ✔✔Moral principles, values, and beliefs that define right and wrong behavior
or the moral character of an individual
✔✔Ethical Dilemma - ✔✔a dilemma that arises in a situation concerning right or wrong
when values are in conflict. It involves the decision process between 2 or more possible
options , none of which may be absolutely acceptable from an ethical perspective
✔✔Laws - ✔✔Ethics act as an important guide to ensure right and proper conduct in the
daily practice of the law
✔✔Laws v Ethics - ✔✔Legal behavior is not necessarily ethical behavior.
✔✔What is the role of laws? - ✔✔Laws serve as an external mechanism of control.
✔✔What is the role of ethics? - ✔✔Ethics serve as an internal system of controls.
✔✔Theological Voluntarism - ✔✔Moral principles established by God.
✔✔Divine Command Theory - ✔✔Morality is ultimately based on the commands or
character of God, and the morally right action is the one that God commands or requires
✔✔Moral Absolutism - ✔✔holds that there is one universal moral code which is final and
applies equally to all men of all ages, and that changing situations or changing views
make no difference whatsoever to this absolute moral code
, ✔✔Absolute Ethics - ✔✔asserts that there are certain universal moral principles by
which all peoples' actions may be judged. It is an ethical view that some (potentially all)
actions are intrinsically right or wrong. It is a form of deontology (the study of the nature
of duty and obligation).
✔✔Moral Relativism - ✔✔the idea that there are no absolute rules to determine whether
something is right or wrong. it is the view that moral judgments are true or false only
relative to some particular standpoint
✔✔nihilist - ✔✔a person who believes that life is meaningless and rejects all religious
and moral principles
✔✔hedonist - ✔✔a person who believes that the pursuit of pleasure is the most
important thing in life; a pleasure-seeker.
✔✔narcissist - ✔✔a person who has an excessive interest in or admiration of
themselves
✔✔nepotism - ✔✔the practice among those with power or influence of favoring relatives
or friends, especially by giving them jobs.
✔✔right - ✔✔a moral or legal entitlement to have or obtain something or to act in a
certain way. Everyone is afforded regardless of contribution to society.
✔✔privilege - ✔✔a special right, advantage, or opportunity granted or available only to
a particular person or group of people. The extra advantages we gain but aren't formal
entitlements
✔✔critical thinking - ✔✔the objective analysis and evaluation of an issue in order to
form a judgment. You question something about what you hear.
✔✔reason - ✔✔the action about thinking about something in a logical and sensible way
✔✔Fallacy of Logic - ✔✔a defect in reasoning. It may be intentional or unintentional. A
formal fallacy has a defect in its form, and an informal fallacy has a defect in its content.
✔✔Red Herring Fallacy - ✔✔An attempt to change the subject to divert attention from
the original issue. Misdirection
✔✔ad hominem fallacy - ✔✔This is an attack on the person rather than the argument
itself. Usually when someone can't defend their position and tries to shut down the
argument.
QUESTIONS SET A+
Classical View - ✔✔the view that management's only social responsibility is to maximize
profits
✔✔Socioeconomic View - ✔✔the view that managers' social responsibilities go beyond
making profits to include protecting and improving society's welfare
✔✔Ethics - ✔✔Moral principles, values, and beliefs that define right and wrong behavior
or the moral character of an individual
✔✔Ethical Dilemma - ✔✔a dilemma that arises in a situation concerning right or wrong
when values are in conflict. It involves the decision process between 2 or more possible
options , none of which may be absolutely acceptable from an ethical perspective
✔✔Laws - ✔✔Ethics act as an important guide to ensure right and proper conduct in the
daily practice of the law
✔✔Laws v Ethics - ✔✔Legal behavior is not necessarily ethical behavior.
✔✔What is the role of laws? - ✔✔Laws serve as an external mechanism of control.
✔✔What is the role of ethics? - ✔✔Ethics serve as an internal system of controls.
✔✔Theological Voluntarism - ✔✔Moral principles established by God.
✔✔Divine Command Theory - ✔✔Morality is ultimately based on the commands or
character of God, and the morally right action is the one that God commands or requires
✔✔Moral Absolutism - ✔✔holds that there is one universal moral code which is final and
applies equally to all men of all ages, and that changing situations or changing views
make no difference whatsoever to this absolute moral code
, ✔✔Absolute Ethics - ✔✔asserts that there are certain universal moral principles by
which all peoples' actions may be judged. It is an ethical view that some (potentially all)
actions are intrinsically right or wrong. It is a form of deontology (the study of the nature
of duty and obligation).
✔✔Moral Relativism - ✔✔the idea that there are no absolute rules to determine whether
something is right or wrong. it is the view that moral judgments are true or false only
relative to some particular standpoint
✔✔nihilist - ✔✔a person who believes that life is meaningless and rejects all religious
and moral principles
✔✔hedonist - ✔✔a person who believes that the pursuit of pleasure is the most
important thing in life; a pleasure-seeker.
✔✔narcissist - ✔✔a person who has an excessive interest in or admiration of
themselves
✔✔nepotism - ✔✔the practice among those with power or influence of favoring relatives
or friends, especially by giving them jobs.
✔✔right - ✔✔a moral or legal entitlement to have or obtain something or to act in a
certain way. Everyone is afforded regardless of contribution to society.
✔✔privilege - ✔✔a special right, advantage, or opportunity granted or available only to
a particular person or group of people. The extra advantages we gain but aren't formal
entitlements
✔✔critical thinking - ✔✔the objective analysis and evaluation of an issue in order to
form a judgment. You question something about what you hear.
✔✔reason - ✔✔the action about thinking about something in a logical and sensible way
✔✔Fallacy of Logic - ✔✔a defect in reasoning. It may be intentional or unintentional. A
formal fallacy has a defect in its form, and an informal fallacy has a defect in its content.
✔✔Red Herring Fallacy - ✔✔An attempt to change the subject to divert attention from
the original issue. Misdirection
✔✔ad hominem fallacy - ✔✔This is an attack on the person rather than the argument
itself. Usually when someone can't defend their position and tries to shut down the
argument.
