BUS 303 Final Exam Ultimate Study Guide updated

BUS 303 Final Exam – Ultimate Study Guide
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Here’s a concise, high-yield breakdown of the key concepts for your BUS 303 Final Exam.
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🔹 Ciulla: Exploitation of Need


 The Myth of Free Choice in Employment – Most people lack real choices in how they

earn a living.

 Moral Problem of Hiring the Poor for Dangerous Work – Is a desperate person truly

making a free choice?

 Smith’s Understanding of Compensation – Wages compensate for loss of freedom, not

just labor.

 Freedom vs. Compensation – Higher pay doesn’t always mean more freedom.




🔹 Adam Smith: Human Exchange & Capitalism


 Why Capitalism is Natural – Trade & exchange are human instincts.

 Division of Labor – Specialization is essential for survival.

 Equality of Opportunity – We start at the same point, but talent differences are

smaller than we think.

, 🔹 Rawls: Justice as Fairness


 Original Position & Veil of Ignorance – Imagine choosing rules of society without

knowing your identity.

 Maximin Rule – Maximize the minimum well-being to protect the worst-off.

 Two Principles of Justice:

1. Equal Liberty – Basic freedoms must be protected first.

2. Difference Principle – Inequality is only fair if it helps the least advantaged.




🔹 Bowie: Respecting Humanity in a Person


 Kantian Ethics – Moral actions are done for the right reasons.

 Categorical Imperative:

1. Universalization – Act as if your behavior should be a universal law.

2. Means & Ends – Never use people as mere tools.

 Good Will – Acting from duty, not selfish motives.




🔹 Keashly: Workplace Bullying


 3 Dimensions of Bullying – Physical/verbal, active/passive, direct/indirect.

 Forms of Bullying – Threats to status, insults, isolation, unrealistic expectations, etc.