Ethics

Question 1

What is utilitarianism?

Answer 1

Utilitarianism proposes that the function of morality is to promote human welfare by minimising harms and maximising benefits.

A action is right from an ethical point of view if and only if the sum total of utilities produced by the act is greater than the sum total of utilities produced by another act the agent could have performed in its place

Question 2

Kantian ethics? Old piss ant

Answer 2

Immanuel Kant 1724-1804

Question 3

What was Kants principles?

Answer 3

It requires that everyone he treated as a free and equal person

An action is morally right for a person in a certain situation if, and only if, the persons reason for carrying out the actin is a reason that he or she would be willing to have every person act on, in a similar situation.

Question 4

What is postmodernism?

Answer 4

In a postmodern world there are no universal religious or ethical laws, everything is shaped by the cultural context of a particular time and place and community.

Question 5

What is ethics?

Answer 5

The rules of conduct recognized in respect to a particular class of human actions or a particular group or culture.

Question 6

What are morals?

Answer 6

Principles or habits with respect to right or wrong conduct. While morals also prescribe dos and don’ts, morality is ultimately a personal compass of right and wrong.

Question 7

Descriptive
Instrumental
Normative

Branches of stakeholder theory

Answer 7

Normative = Evan and freeman
The company should be managed for the benefit of its stakeholders.
Stakeholders must participate in decisions that substantially affect their welfare.

Question 8

What is a primary stakeholder?

Answer 8

Shareholders and investors, employees and managers, customers, local community, supplier (social category)

Question 9

What are secondary stakeholders

Answer 9

Governments and regulators, social pressure groups, trade bodies competitors. (Social)

Environments, non human species (non social)

Question 10

What is greenwashing?

Answer 10

Greenwashing (a compound word modelled on “whitewash”), or “green sheen,” is a form of spin in which green PR or green marketing is deceptively used to promote the perception that an organization’s products, aims or policies are environmentally friendly.

Question 11

Friedmans view of csr

Answer 11

Corps should maximise profits while conforming to the basic rules society.
Managers representing shareholders and profit maximising also act in best interest of society.