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BUS 404 Wroldsen Midterm 1 Study Guide
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5
May 2024
2023/2024
A+
2 ethical frameworks - 1. formalism - affirms an absolute morality. A particular act is in
itself right or wrong
2. consequentialism - moral consequences of actions rather than with the morality of the
actions themselves
3 types of property - 1. public property - public resources that belong to the government
(ie. roads, public buildings, public lands, and monuments)
2. private property - resources that you own as an individual
3. common property - applies to resources like land that m...
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