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LWC

Chapter 6

TermDefinition
moral philosophy refers in particular to the specific principles or rules that people use to decide what is right or wrong.
monists believe that only one thing is intrinsically good, and the pluralists believe that two or more things are intrinsically good
hedonism that one's pleasure is the ultimate intrinsic good or that the moral end, or goodness, is the greatest balance of pleasure over pain.
quantitative hedonists those who believe that more pleasure is better
qualitative hedonists those who believe that it is possible to get too much of a good thing (such as pleasure)
goodness theories typically focus on the end result of actions and the goodness or happiness created by them
obligation theories emphasize the means and motives by which actions are justified
egoism defines right or acceptable behavior in terms of its consequences for the individual
enlightened egoism abide by professional codes of ethics, control pollution, avoid cheating on taxes, help create jobs, and support community projects
utilitarianism the utilitarian seeks the greatest good for the greatest number of people.
rule utilitarians determine behavior on the basis of principles, or rules, designed to promote the greatest utility rather than on an examination of each particular situation.
act utilitarians specific action itself, rather than the general rules governing it, to assess whether it will result in the greatest utility
nonconsequentialist ethics based on respect for persons.
rule deontologists believe that conformity to general moral principles determines ethicalness.
act deontologists requires that a person use equity, fairness, and impartiality when making and enforcing decisions.
relativist perspective use themselves or the people around them as their basis for defining ethical standards, and the various forms of relativism include descriptive, metaethical, or normative
metaethical relativists understand that people naturally see situations from their own perspectives and argue that, as a result, there is no objective way of resolving ethical disputes between value systems and individuals
normative relativism assume that one person's opinion is as good as another's.1
virtue ethics that what is moral in a given situation is not only what conventional morality or moral rules (current societal definitions) require but also what the mature person with a “good” moral character would deem appropriate.
justice business ethics involves evaluations of fairness or the disposition to deal with perceived injustices of others
distributive justice based on the evaluation of the outcomes or results of the business relationship
procedural justice based on the processes and activities that produce the outcome or results
interactional justice based on evaluating the communication processes used in the business relationship
Created by: jgalindo