ethical business ch6

refers to the specific principles or values people use to decide what is right and wrong and it is a person-specific

• Moral philosophy

• Business ethics

• Morals

is a moral philosophy that places special value on ideas and ideals products of the mind. The term refers to the efforts required to account for all objects in nature and experience and to assign to them a higher order of existence.

• Idealism

• Realism

• Ethics

is the view that an external world exists independent of our perception . assume humankind is not naturally benevolent and kind but instead inherently self-centered and competitive.

• Idealism

• Realism

• Ethics

defines right or acceptable behavior as that which maximizes personal pleasure

• Hedonism

• monism

• pluralism

philosophies assess the moral worth of a behavior by looking at its consequences

• Teleological

• monism

• pluralism

.... defines right or acceptable behavior in terms of its consequences for the individual

• Teleological

• Egoism

• utilitarianism

is concerned with consequences, but unlike the egoist, seeks the greatest good for the greatest number of people

• Teleological

• Egoism

• utilitarianism

refers to moral philosophies that focus on the rights of individuals and the intentions associated with a particular behavior rather than its consequences.

• Deontology

• Egoism

• utilitarianism

argues that ethical behavior involves not only adhering to conventional moral standards but also considering what a mature person with a "good" moral character would deem appropriate in a given situation.

• Virtue ethics

• Deontology

• utilitarianism

economic value orientation suggests if an act produces more economic value for its effort, then it should be accepted as ethical(———- )

• false

• true