FBLA Business Ethics – Flashcards
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Virtue Theories
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places importance on the moral character of the individual (the person acting)
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Deontological Theories
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places importance on the rightness of the action itself
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Consequentialist Theories
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focuses on the outcome and ensuring the most good of the consequences
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Kantianism (Kant's Categorical Imperative)
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Something you have to do for the sake of itself
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Moral Absolutism
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Certain actions are completely wrong, no matter how much good it produces
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Universality
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what is right or wrong for a person is right or wrong at all times, regardless of the circumstances
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Utilitarianism
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Actions are good when they serve the greatest good to the greatest number of people
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Mill's Principle of Utility
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Act in ways that achieve the happiness for most people
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Ethical Egoism
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The belief that everyone should act in self-interest
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Ethical Altruism
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Belief that individuals have an obligation to do things that serve others
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Rawl's Veil of Ignorance
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When deciding something, place yourself in the role of the people who our choices affect.
