Midterm Review Session

Question 1

Moral Relativism

Answer 1

Differences over time and across cultures that must be tolerated

Question 2

Moral Absolutism

Answer 2

There are universal ethical standards that apply to actions regardless of context

o e.g., UN Declaration of Human Rights: Sets universal human rights to be protected
o Nazism was acceptable under moral relativism- This document prevents this

Question 3

Ethics and the Law

Answer 3

• Law creates a set of rules, but ethics is more
• In some situations, the law is insufficient

Question 4

Ethics, Economics, and the Law

Answer 4

Economic Responsibility (Profitability), Legal Responsibility, and Ethical Responsibility

Question 5

Ethics Analysis 2 Main Approaches

Answer 5

1. Convention Approach
2. Principles Approach

Question 6

Conventional Approach

Answer 6

Comparison of a decision or practice (moral conduct) to prevailing societal norms (moral standards) = Moral reasoning

Question 7

Principles Approaches

Answer 7

1. Utilitarism
2. Kantian Ethics
3. Virtue-based theories
4. Justice theories

Question 8

Utilitarism

Answer 8

Focuses on consequences or results of an action
Evaluated based on benefits and costs they impose on soceity