Phil312 BUSINESS ETHICS CSUF – Flashcards
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Two branches of ethics?
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Normative ethics and Meta-ethics
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3 areas of normative ethics
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Theory of moral obligation, theory of moral worth, theory of non moral worth
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What does meta-ethics deal with
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... is a branch of analytic philosophy that explores the status, foundations, and scope of moral values, properties, and words. What are morals
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What does a theory of moral obligation aim to do
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duty which one owes, and which he ought to perform, but which he is not legally bound to fulfill.
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What does a theory of moral worth aim to do?
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..., the only thing that can be completely good is a good will. Because of this Kant would believe that the unsympathetic duty-doer is the person who has a greater moral worth. He expresses that even good acts and good things can be put to bad use.
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What does a theory of non-moral worth(theory of happiness) aim to do?
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...distancing happiness from morality
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3 branches of business ethics?
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General corporate responsibility, professional , international business
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What is a business?
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Legally structured entity in a polital economy owned by some entity that has a purpose of achieving a goal.
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In terms if legal recognition, what are two types of business?
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...unlimited and limited
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Who owns a business?
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Individuals or groups. Directly or indirectly. Govt can also own a business.
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Govt sponsored entity
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Government owned but takes public funding.
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Two basic purposes of business?
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For profit and non profit
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What is a co-op
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Owned by customers or employee
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Basic risk in business?
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...
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Roughly, how many businesses are in the us?
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...
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% of businesses that hit the wall in the first 4 years
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...
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Relation between risk and reward
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...higher the risk the higher potential reward
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3 major tangible asset classes
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...
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Put the following in order of who gets paid off in bankruptcy liquidation: Unpaid employees;stockholders;tax agencies; bond holders;lien holders
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...
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What percentage if american businesses are small?
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...99.7%
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What is a small business?
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Less than 500 employees
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Small business generates what percentage of net new jobs?
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...63%
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Per employee, how many more patents does small business create than big business?
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...16 times
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What are four sources of american law?
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Constitutional , statutory, regulatory , common
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What are the three main branchesbof common law?
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...
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What was the first corporation.
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...
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Where did our system of common law come from?
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...
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What is the principal of stare decisis?
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...
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What are the 3 general steps in a common law case?
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...
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What are the three reasons that generally prompt a legislature to draw up statutes to govern an area of common law.
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...
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What does the principal of sovereign immunity mean in US law.
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...fees cannot be sued unless in a narrow case
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What is the loser pay system of case law?
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Loser pays all fees
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What does tort mean?
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...is a civil wrong that unfairly causes someone else to suffer loss or harm resulting in legal liability for the person who commits the tortious act,
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Tort law recognizes what three types of liability?
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...
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What are three common defenses against a claim of tort?
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...
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What does the principal of "ought implies can" say?
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...
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What does the principal of universalizability say?
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...
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What is the difference between consequentialist and non-consequentialist theories of moral obligation.
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...
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What is the difference between an intrinsic ( or "ultimate") good and an extrinsic or instrumental good?
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...intrinsic is good in and out of itself Extrinsic is an intrument to get a good
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What are the three broad kinds of theories of happiness?
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Heroism, virtue ethics, utilitarianism.
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What is the theory of hedonism?
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...that pleasure should be pursued and pain should be avoided
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What is the desire satisfaction theory?
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...
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What are the objective list theories?
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...
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What is ethical egoism?
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...leads to most happiness(in it for themselves)
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What is the difference between ethical egoism and psychological egoism?
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Hobbes and Nietzsche
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In modern philosophy, which two thinkers are the most associated with ethical egoism?
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...
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What is the justice problem with ethical egoism?
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...
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What are the three postulates of public choice theory?
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...
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Define moral hazard?
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...
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What is the principal/agent (agency) problem?
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...
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What two thinkers are most identified with utilitarianism?
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...
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What is act utilitarianism?
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...
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What is the justice problem with act utilitarianism?
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...
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What is rule utilitarianism?
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...
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What is the exception problem with rule utilitarianism?
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...
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What is Kant's categorical imperative?
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...
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What is Kants ends formula?
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...
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What is the description problem with Kantian theory?
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...
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What is the justice problem with Kantian theory?
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...
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What is natural rights ethics?
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If within rights
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What name is most associated with modern natural rights ethics?
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...
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What is a right?
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...
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What is the harm principle?
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...
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What is the ownership problem with natural rights theory?
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...
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What is the justice problem with natural rights ethics?
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...
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What is virtue ethics?
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...
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What is a virtue?
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...
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What is Aristotle's doctrine of golden mean( for moral virtue)?
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...
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What is the conflict problem with Virtue ethics?
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...
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What is the guidance problem with virtue ethics?
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...
