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Business Ethics > Quiz One > Flashcards

Quiz One Flashcards

1
Q

Rawls?

A

Principle of Justice/Fairness

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2
Q

First principle: Rawls

A
  1. Each person is to have an equal right to the most extensive basic liberty compatible with a similar liberty for others!!
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3
Q

What does Rawls first principle mean?

A

We are born into a certain set of rules that we are not given a choice at birth.
i.e: unknown class, economical/racial stand point, sexuality, race, disability

Can be excluded from different groups due to a trait.

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4
Q

Rawls Principle Two:

A
  1. Social and economic inequalities are to be arranged that they are a.) reasonably expected to be everyone’s advantage and b.) attaches to positions and offices open to all.
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5
Q

What does Rawls second principle mean?

A

Protect yourself from competition. Ensure liberty!
May be good for the good of competition, but I want inequalities to be the benefit/deficit of everyone.
YOU ARE BETTER OFF THAN THE ALTERNATIVE!

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6
Q

Friedman?

A

A companies main goal is to increase profits.

  1. Benefits the company
  2. Maximize profits for shareholders
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7
Q

Friedman on executives?

A

Executives are not entitled to decide what to do with companies money!
SHAREHOLDER = PRINCIPAL
EXECUTIVE = AGENT

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8
Q

What does Stout think??

A
  1. Shareholders OWN corporations
  2. Shareholders are residual clients
  3. Shareholders are principal/executive agents
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9
Q

Nozick?

A

Libertarianism

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10
Q

What is libertarianism

A

Being able to do whatever you want as long as you don’t hurt anyone.

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11
Q

Governments role? Nozick.

A

Provide for the public defense:
“I should not have to be forced to give money which I obtain through free exchange to anyone else” example: public education.

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12
Q

What are the two ways to view libertarianism?

A

LOCKEAN AND UTILITARIAN

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13
Q

LOCKEAN #1:

A

Individual property rights independent of any government.

Things belong to you through hard work, effort and labor (work the land entitled to the fruit).

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14
Q

LOCKEAN #2:

A

Transfer of holdings has taken place through free exchange.

True independence - any government violation is injustice.

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15
Q

Utilitarian!!!!

A

The best outcomes will be realized by a maximally free markets.
Let individuals decide what’s best for them - not government!!! Happiness!!

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16
Q

BOWIE

A

Moral Justification

17
Q

Autonomy and self governance

A

By possessing these traits make you a responsible person

18
Q

Kant:

A

Act so that you treat humanity whether in your own person or in that of another, always as an end never as means only

19
Q

Autonomous

A

Making and following own laws
Freedom and ability to make own laws as necessary for moral agency

DIGNITY

20
Q

Solomon

A

Importance of life management

What is important to you? Luck vs fate

21
Q

AUDI

A

ETHICAL OBLIGATIONS

22
Q

Audi - Utilitarianism

A

Increasing human happiness and decreasing human suffering.

A great action can outweigh a good one

23
Q

Right Based Ethics - AUDI

A

We act within our rights.
BUSINESSES OUGHT TO DO MORE
BUT THEY DONT HAVE TOO

24
Q

Kantian Ethics - AUDI

A

We count on promises from others but we can’t enforce them to follow through. Never treat someone as means.

25
Q

VIRTUE ETHICS - AUDI

A

Demands we focus on being good! BE STATEMENTS: BE just, BE kind, B honest.
This person characteristically does good deeds.
ROLE MODELS: IMPORTANT

26
Q

Common Sense Ethical Plurasim

A

Prohibits injustice harming others lying and breaking promises. Doing good for ones self improvement.

27
Q

GINI

A

Leadership

28
Q

The Role of a leader

A

To serve the needs and well being of those being led

29
Q

Steward?

A

Recognizing the importance of others and not themselves

30
Q

Values

A

Ideas and beliefs that direct our choices and actions.’all leadership is value ordinated

31
Q

Two important ideas of leadership and followers

A

POWER AND EDUCATION
EDUCATION: TO empower people with information offering choices fostering learning building concesus
Power: to do to be able to change

32
Q

Structural restraints

A

Organizational Tolitaranism

33
Q

Organizational Tolitaranism Schwartz

A

Businesses have a survival of the fittest mentality.

34
Q

What does jackall think?

A

All corporations are to serve themselves

Promotion relies on loyalty within

35
Q

THE BATHSHEBA SYNDROME

A

The downfall of GOOD LEADERS is self indulgence

Business Ethics (1 decks)

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