2.1

Question 1

What is an ethical theroy?

Answer 1

• Rules and principles that determine right and wrong in any given situation.
• Can be used to derive potential solution
• decision model in terms of moral principles involving the process of judgment

Question 2

What is the difference between normative and descriptive ehtical theories?

Answer 2

Normative:
How we SHOULD behave in business
To Prescribe the morally correct way of acting

Descriptive:
How we DO behave in business
To Describe how ethical decisions are acutally made

Question 3

Normative Ethical Theories can be devided into…

Answer 3

Traditional theories

and Contemporary Theories

Question 4

Normative Traditional Theories can be devided into..

Answer 4

Teleological (or consequentialist)
and Deontological (or non consequentialist)

Question 5

Name Teleological (or consequentialist) theories

Answer 5

Egoism

Utilitarianism

Question 6

Name Deontological ( or non-sonsequentialist) theories

Answer 6

Ethics of duties

Ethics of RIghts and Justice

Question 7

What are the limits if traditional theories?

Answer 7

too abstract
too impersonal
too reductionsit
too rational and codified

Question 8

What is the difference between absolutism and relativism?

Answer 8

Absolutism:

• 1 right answer
• universal appliance
• traditional

Relativism:

• subjective
• context related
• “everything goes”

Question 9

Name three United Nations Principles on Business and Human Rights

Answer 9

Right to a fair trail
Right to work
Right to life