CQIB - Chapter 2 - ETHICS IN BANKING TEST
WITH COMPLETE VERIFIED SOLUTIONS
What is ethics? & What 'questions' does it answer? -
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answer Answering the question:
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Individually: 'What should I do?' 'How should I | | | | | | |
live?' Collectively: 'What should we do?'
| | | | | |
Ethics is influenced by our values - for example,
| | | | | | | |
loyalty, integrity, security etc., and moral
| | | | | |
traditions - religious, cultural, societal or family
| | | | | | |
traditions that shape our values.
| | | | |
What is Moral Absolutism? - answer Moral
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Absolutism People who think that there are
| | | | | | |
universal rules that apply to everyone.
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What is Moral Relativists - answer Dispute the idea
| | | | | || | |
that there are some universal rules that all
| | | | | | | |
cultures ought to obey,
| | | |
they argue that:
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Differed cultures or different periods in history
| | | | | |
had different moral views.
| | | |
,What is 'good' depends on what a particular group
| | | | | | | |
of people approve of
| | | |
Relativism considers the diversity of human | | | | |
societies and responds to the different
| | | | | |
circumstances surrounding human acts.
| | | |
Those who adhere to moral relativism would say?...
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- answer "when in Rome, do as the Romans do."
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What are the 3 Approaches to Ethical Issues? -
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answer 1. Consequentialism- A subset of
| || | | | |
consequential ism is utilitarianism.
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2. Deontology
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3. Virtue Based Ethics
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Utilitarianism is a subset of what Ethical | | | | | |
Approach? - answer Consequentialism
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Which Approach to Ethical Issues is this statement
| | | | | | |
relating to:
| | |
, Practice that starts with the idea that we can
| | | | | | | |
identify what it would be like if we lived up to our
| | | | | | | | | | | |
own standards, and every decision we made moved
| | | | | | | |
us towards being the best version of ourselves. -
| | | | | | | | |
answer Virtue Based Ethics
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Which Approach to Ethical Issues is this statement
| | | | | | |
relating to:
| | |
Considers that the right thing to do is your duty,
| | | | | | | | |
regardless of whether you want to or not. It is
| | | | | | | | | |
following a set of rules that you also expect others
| | | | | | | | | |
to follow but using an approach where everyone
| | | | | | | |
applies similar reasoning to protect against self-
| | | | | | |
centred thinking. - answer Deontology
| | | ||
Which Approach to Ethical Issues is this statement
| | | | | | |
relating to:
| | |
A way of working through the consequences of a
| | | | | | | |
decision. The right decision is the one that achieves
| | | | | | | | |
the best outcome (or benefit) with the least
| | | | | | | |
amount of harm (or cost). - answer
| | | | | | | |
Consequentialism
|
WITH COMPLETE VERIFIED SOLUTIONS
What is ethics? & What 'questions' does it answer? -
| | | | | | | | |
answer Answering the question:
| || | |
Individually: 'What should I do?' 'How should I | | | | | | |
live?' Collectively: 'What should we do?'
| | | | | |
Ethics is influenced by our values - for example,
| | | | | | | |
loyalty, integrity, security etc., and moral
| | | | | |
traditions - religious, cultural, societal or family
| | | | | | |
traditions that shape our values.
| | | | |
What is Moral Absolutism? - answer Moral
| | | | | ||
Absolutism People who think that there are
| | | | | | |
universal rules that apply to everyone.
| | | | | |
What is Moral Relativists - answer Dispute the idea
| | | | | || | |
that there are some universal rules that all
| | | | | | | |
cultures ought to obey,
| | | |
they argue that:
| |
Differed cultures or different periods in history
| | | | | |
had different moral views.
| | | |
,What is 'good' depends on what a particular group
| | | | | | | |
of people approve of
| | | |
Relativism considers the diversity of human | | | | |
societies and responds to the different
| | | | | |
circumstances surrounding human acts.
| | | |
Those who adhere to moral relativism would say?...
| | | | | | |
- answer "when in Rome, do as the Romans do."
| | || | | | | | | |
What are the 3 Approaches to Ethical Issues? -
| | | | | | | |
answer 1. Consequentialism- A subset of
| || | | | |
consequential ism is utilitarianism.
| | | |
2. Deontology
|
3. Virtue Based Ethics
| | |
Utilitarianism is a subset of what Ethical | | | | | |
Approach? - answer Consequentialism
| | | ||
Which Approach to Ethical Issues is this statement
| | | | | | |
relating to:
| | |
, Practice that starts with the idea that we can
| | | | | | | |
identify what it would be like if we lived up to our
| | | | | | | | | | | |
own standards, and every decision we made moved
| | | | | | | |
us towards being the best version of ourselves. -
| | | | | | | | |
answer Virtue Based Ethics
| || | |
Which Approach to Ethical Issues is this statement
| | | | | | |
relating to:
| | |
Considers that the right thing to do is your duty,
| | | | | | | | |
regardless of whether you want to or not. It is
| | | | | | | | | |
following a set of rules that you also expect others
| | | | | | | | | |
to follow but using an approach where everyone
| | | | | | | |
applies similar reasoning to protect against self-
| | | | | | |
centred thinking. - answer Deontology
| | | ||
Which Approach to Ethical Issues is this statement
| | | | | | |
relating to:
| | |
A way of working through the consequences of a
| | | | | | | |
decision. The right decision is the one that achieves
| | | | | | | | |
the best outcome (or benefit) with the least
| | | | | | | |
amount of harm (or cost). - answer
| | | | | | | |
Consequentialism
|
