Good Governance

Question 1

is an organization designed to provide goods, services, or both to consumers

Answer 1

business

Question 2

of “business” relates to the state of being busy either as an individual or society as a whole, doing

Answer 2

etymology

Question 3

is old as human civilization

Answer 3

business

Question 4

target of business

Answer 4

to earn profit

Question 5

will not exist without business

Answer 5

society

Question 6

Reason for examining business activities

Answer 6

• Promotion of common good
• Protection of the individual interests
• Preservation of human society in general

Question 7

what happen if there is no ethics?

Answer 7

• Chaos in human activities
• No common understanding & agreement about what is wrong and right human conduct.

Question 8

Paves the way for common ground in understanding of the fundamental idea of what is good and what is bad in our human conduct.

Answer 8

importance of ethics in business

Question 9

provides with common understanding of the universal, objective & irreversible moral principles that govern our human conduct & guide our moral decisions.

Answer 9

ethics

Question 10

opens a novel way of resolving issues & ethical dilemmas in business & in the corporate world

Answer 10

business ethics

Question 11

is a personal affair & not a debatable public matter.

Answer 11

ethics

Question 12

The absence of what in business will only justify illegal activities & questionable practices in business.

Answer 12

ethics

Question 13

does some businessmen thinks that ethics has no place in business.

Answer 13

not true

Question 14

maybe profitable but the means of acquiring maybe questionable

Answer 14

business

Question 15

encourage businessmen & managers to look closely into the ends & means of doing business

Answer 15

ethics

Question 16

Some businessmen believe that they must fight for survival & destroy competitors

Answer 16

business is a war

Question 17

argues that “the enterprise is an organ of society & its actions have decisive impact on the social scene.”

Answer 17

peter drucker

Question 17

provides us with clear distinction of morality & legality. An action maybe legal but not necessarily moral

Answer 17

ethics

Question 17

is an integral part of human society, therefore actions of individuals & institutions in business must be subjected to moral rules & moral evaluation

Answer 17

business

Question 17

are insufficient. In the absence of law, ethics dictates the correct conduct to follow. Ethics is the unwritten law, written in the hearts of men.

Answer 17

laws

Question 18

people looked at profit as the most important aspect of business.

Answer 18

traditionally business

Question 18

provide framework for resolution of moral issues & problems.

Answer 18

essence of business ethics

Question 18

consider profit as form of reward for their hard work & effort & skills

Answer 18

businessmen

Question 19

Noted economist says that “the only responsibility of business is to make profit so long as it stays within the rules of the game which is to say engage in open & free competition without deception or fraud.”

Answer 19

milton friedman

Question 20

is ethical issue. Activities including profit-making must be examined in the perspective of morality.

Answer 20

profit motive in business

Question 21

business is ethical issue. Activities including profit-making must be examined in the perspective of morality.

Answer 21

profit-motive

Question 22

Motivates people to do something meaningful

Answer 22

the good side of profit-motive

Question 23

Generates potential capital for the business. More capital, more business more job opportunity.

Answer 23

profit motive

Question 24

- Promotes rivalry among competitors. Stiff competition. Survival.

Answer 24

bad side of profit motive

Question 25

- Makes people focus only on making money without considering whether - needs & wants of consumers & end users are satisfied.

Answer 25

bad side of profit motive

Question 26

is a good & valid activity in business, as long as all factors have been considered

Answer 26

earning profit

Question 27

Study what is right & wrong human behavior & conduct in business

Answer 27

Business Ethics

Question 28

Study of perceptions of people about morality, moral norms, moral rules & ethical principles as they apply to people & institutions in business

Answer 28

business ethics

Question 29

LOVE OF WISDOM

Answer 29

philosophy

Question 30

LOVER OF WISDOM

Answer 30

philosopher`

Question 31

"philos” which means

Answer 31

love

Question 32

“Sophia” which means

Answer 32

wisdom

Question 33

studies the truth to be known, e.g. God, immortality of the soul, origin of the universe.

Answer 33

Theoretical or speculative

Question 34

studies truths to be acted upon, e.g., ethics, axiology, semantics & the like.

Answer 34

practical philosophy

Question 35

studies the origin, evolution & fate of the entire universe

Answer 35

- Cosmology

Question 36

philosopher that focuses on the question of universe’ origin in a scientific & philosophical manner

Answer 36

Cosmologist

Question 37

deals with the nature of existence of things & the status of reality.

Answer 37

ontology

Question 38

Branch of metaphysics

Answer 38

ontology

Question 39

Studies the nature of the mind, the self & the consciousness

Answer 39

metaphysics

Question 40

Greek word “meta” or beyond & “physikon” or nature

Answer 40

metaphysics

Question 41

Investigates the nature of religion, existence of God, concepts of time, space, cause & chance

Answer 41

metaphysics

Question 42

o For the Greeks, it is the study of the nature of the soul of the person & other entities.

Answer 42

psychology

Question 43

o Investigates the nature, being & attributes of God not based on the Bible & divine revelation but by logical abstractions & reasoning.

Answer 43

theodicy

Question 44

Addresses the philosophical problems surrounding the theory of knowledge.

Answer 44

epistemology

Question 45

Studies the meaning of words & its linguistics forms, functions & relation to other words.

Answer 45

- Semantics

Question 46

Study of the philosophy of value judgments or worthiness.

Answer 46

axiology

Question 47

Studies values, its origin, types & characteristics

Answer 47

axiology

Question 48

Aims to establish the general principles of art & beauty

Answer 48

aesthetics

Question 49

Greek word “aisthetikos” perceptive of things through sensations, feelings & intuitions.

Answer 49

aesthetic

Question 50

Deals with the nature of thinking & reasoning using empirical support to establish the truth.

Answer 50

logic

Question 51

if the premise is true then the conclusion must be true.

Answer 51

logical validity

Question 52

from universal to particular

Answer 52

deductive reasoning

Question 53

from particular to universal

Answer 53

inductive reasoning

Question 54

Sometimes called Moral Science or Moral philosophy

Answer 54

ethics

Question 55

Goal to investigate the nature of the human conduct

Answer 55

ethics

Question 56

Sometimes used interchangeably

Answer 56

ethics & morality

Question 57

quality of goodness or badness in a human act

Answer 57

morality

Question 58

Oftentimes called “moral philosophy”

Answer 58

ethics

Question 59

Investigates the nature of moral principles, ethical systems & moral norms that people use to justify their moral judgment.

Answer 59

ethics

Question 60

are called Normative Science because in ethics we determine norms ideals, standard or values, to justify our moral judgment

Answer 60

ethics

Question 61

3 categories of general ethics

Answer 61

o Descriptive ethics o Normative ethics o Metaethics

Question 62

Studying & describing the morality of people, culture, or society.

Answer 62

descriptive ethics

Question 63

Compare & contrast the different values, principles, code of ethics, beliefs & practices of people.

Answer 63

descriptive ethics

Question 64

The study of human motivation.

Answer 64

psychological egoism

Question 65

Does not prescribed how a person should act

Answer 65

cultural relativism

Question 66

Involves moral judgment based on ethical norm or theory

Answer 66

normative ethics

Question 67

To form into a related whole the various norms, rules, & values of a society’s morality

Answer 67

metaethics

Question 68

Claims that when any two cultures or any individual hold different moral values of an action both can be right

Answer 68

ethical relativism

Question 69

An action may be right for one person or society but wrong for the other, however both can equally correct.

Answer 69

ethical relativism

Question 70

Emphasizes moral differences based on personal beliefs & convictions

Answer 70

situational ethics

Question 71

a.k.a. moral nihilism. We cannot know whether or not there is moral truths

Answer 71

there is no moral truth

Question 72

Each culture has its own set of rules that are valid for that culture. We have no right to interfere & v.v

Answer 72

there is no universal truth