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Chapter One (Five Characteristics of Moral Standards (• Based on impartial…
Chapter One
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Types of Ethical Issues
Corporate
particular corporation and its policies, culture, climate, impact, or actions.
Individual
ethical questions about a particular individual’s decisions, behavior, or character.
Systemic
social, political, legal, or economic systems within which companies operate.
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What is Business Ethics?
ethics is the discipline that examines one’s moral standards or the moral standards of a society to evaluate their reasonableness and their implications for one’s life.
Business ethics is a specialized study of moral right and wrong that concentrates on moral standards as they apply to business institutions, organizations, and behavior.
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Moral Relativism = the theory that there are no ethical standards that are absolutely true and that apply or should be applied to the companies and people of all societies.
Objections to Moral Relativism:
– Some moral standards are found in all societies;
– Moral differences do not logically imply relativism;
– Relativism has incoherent consequences;
– Relativism privileges whatever moral standards are widely accepted in a society.
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Moral Reasoning
The reasoning process by which human behaviors, institutions, or policies are judged to be in accordance with or in violation of moral standards.
Moral reasoning involves:
– The moral standards by which we evaluate things
– Information about what is being evaluated
– A moral judgment about what is being evaluated.