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Midterms Second Sem, 23-24 > Good Governance > Flashcards

Good Governance Flashcards

1
Q

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

A

business

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2
Q

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

A

etymology

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3
Q

is old as human civilization

A

business

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4
Q

target of business

A

to earn profit

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5
Q

will not exist without business

A

society

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6
Q

Reason for examining business activities

A
  • Promotion of common good
  • Protection of the individual interests
  • Preservation of human society in general
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7
Q

what happen if there is no ethics?

A
  • Chaos in human activities
  • No common understanding & agreement about what is wrong and right human conduct.
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8
Q

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

A

importance of ethics in business

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9
Q

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

A

ethics

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10
Q

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

A

business ethics

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11
Q

is a personal affair & not a debatable public matter.

A

ethics

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12
Q

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

A

ethics

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13
Q

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

A

not true

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14
Q

maybe profitable but the means of acquiring maybe questionable

A

business

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15
Q

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

A

ethics

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16
Q

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

A

business is a war

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17
Q

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

A

peter drucker

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17
Q

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

A

ethics

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17
Q

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

A

business

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17
Q

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.

A

laws

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18
Q

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

A

traditionally business

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18
Q

provide framework for resolution of moral issues & problems.

A

essence of business ethics

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18
Q

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

A

businessmen

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19
Q

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.”

A

milton friedman

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20
Q

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

A

profit motive in business

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21
Q

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

A

profit-motive

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22
Q

Motivates people to do something meaningful

A

the good side of profit-motive

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23
Q

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

A

profit motive

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24
Q
  • Promotes rivalry among competitors. Stiff competition. Survival.
A

bad side of profit motive

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25
Q
  • Makes people focus only on making money without considering whether
  • needs & wants of consumers & end users are satisfied.
A

bad side of profit motive

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26
Q

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

A

earning profit

27
Q

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

A

Business Ethics

28
Q

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

A

business ethics

29
Q

LOVE OF WISDOM

A

philosophy

30
Q

LOVER OF WISDOM

A

philosopher`

31
Q

“philos” which means

A

love

32
Q

“Sophia” which means

A

wisdom

33
Q

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

A

Theoretical or speculative

34
Q

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

A

practical philosophy

35
Q

studies the origin, evolution & fate of the entire universe

A
  • Cosmology
36
Q

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

A

Cosmologist

37
Q

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

A

ontology

38
Q

Branch of metaphysics

A

ontology

39
Q

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

A

metaphysics

40
Q

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

A

metaphysics

41
Q

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

A

metaphysics

42
Q

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

A

psychology

43
Q

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

A

theodicy

44
Q

Addresses the philosophical problems surrounding the theory of knowledge.

A

epistemology

45
Q

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

A
  • Semantics
46
Q

Study of the philosophy of value judgments or worthiness.

A

axiology

47
Q

Studies values, its origin, types & characteristics

A

axiology

48
Q

Aims to establish the general principles of art & beauty

A

aesthetics

49
Q

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

A

aesthetic

50
Q

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

A

logic

51
Q

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

A

logical validity

52
Q

from universal to particular

A

deductive reasoning

53
Q

from particular to universal

A

inductive reasoning

54
Q

Sometimes called Moral Science or Moral philosophy

A

ethics

55
Q

Goal to investigate the nature of the human conduct

A

ethics

56
Q

Sometimes used interchangeably

A

ethics & morality

57
Q

quality of goodness or badness in a human act

A

morality

58
Q

Oftentimes called “moral philosophy”

A

ethics

59
Q

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

A

ethics

60
Q

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

A

ethics

61
Q

3 categories of general ethics

A

o Descriptive ethics
o Normative ethics
o Metaethics

62
Q

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

A

descriptive ethics

63
Q

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

A

descriptive ethics

64
Q

The study of human motivation.

A

psychological egoism

65
Q

Does not prescribed how a person should act

A

cultural relativism

66
Q

Involves moral judgment based on ethical norm or theory

A

normative ethics

67
Q

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

A

metaethics

68
Q

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

A

ethical relativism

69
Q

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

A

ethical relativism

70
Q

Emphasizes moral differences based on personal beliefs & convictions

A

situational ethics

71
Q

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

A

there is no moral truth

72
Q

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

A

there is no universal truth

Midterms Second Sem, 23-24 (4 decks)

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