Week 7 - Ethics - Review

Allocating scarce COVID vaccines via a lottery system is an example of which ethical principle?

• Virtues

• Utilitarian

• Rights

• Justice

Allocating scarce COVID vaccines to maximize years of life saved is an example of which ethical principle?

• Virtues

• Utilitarian

• Rights

• Justice

Which of the following is NOT a reason that a business should be ethical?

• Maximizes long term value

• Increases stakeholder satisfaction

• Freedom of speech

• Legal compliance

Increasingly negative views of child labor is an example of …

• Ethical Relativism

• Utilitarian Ethics

• Cultural Autonomy

• Common Good

The Markkula Center Ethical Decision Framework adds this fifth method:

• Maximizes fairness across a population

• Favors actions that benefit everyone

• Maximizes society benefits vs. costs

• Aligns with established virtuous behavior