BA 300 Final

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Terms in this set (...)

Utilitarianism
Decision rule: Maximize the common good
Biggest pro: Replaces partiality with science
Biggest con: The means don't matter
Rights Theory (non-consequentialism and deontology)
Decision rule: Freedom from force and fraud
Biggest pro: Virtually complete freedom of action with minimal government intrustion
Biggest con: Disregard for the interests of others
Theory of Justice
Decision rule: Greatest benefit to the least advantaged
Biggest pro: "Unbiased" approach to social justice
Biggest con: Denies free will, meritocracy
Objectivism
Decision rule: Be rational and be all that you can be
Biggest pro: Reinforces personal responsibility
Biggest con: Individualistic and judgemental
Ethic of Care
Decision rule: Focus on relationships and responsibilities
Biggest pro: Protects the weak and dependent
Biggest con: Neglects justice
Integrative Social Contract Theory
Decision rule: Action does not violate a global hypernorm or local authentic norm
Biggest pro: Adapts to variations in local norms within some global limits
Biggest con: Local norms are vague and may give actors too much flexibility
Decision making steps
Gather the facts
Define the ethical issues
Identify the affected parties
Identify the consequences
Identify the obligations
Consider your character and integrity
Think creatively about potential actions
Check your gut
Three types of DMA
DMA from Others—Praise
DMA from Others—Blame
DMA from the Self
Locus of control
External - blames outside forces for everything
Internal - believes that he or she can influence events and their outcomes
Whistleblowing steps
Approach your immediate manager first
Discuss the issue with your family
Take it to the next level
Contact your company's ethics officer
Consider going outside your chain of command
Go outside the company
Leave the company
Sarbanes-Oxley Act
helps protect investors from fraudulent financial reporting by corporations
Cognitive bias
Fact gathering - overconfidence about your knowledge of the facts. Falling into the confirmation trap
Illusion of control is the tendency for people to overestimate their ability to control events
Illusion of optimism is the tendency for people to overestimate their likelihood of experiencing a wide variety of pleasant events
Levels of moral development
Level 1: Rewards/punishments, exchanges
Level 2: Shared norms, societal obligations
Level 3: Principled, autonomous
Moral disengagement
Moral justification and advantageous comparison
Reducing responsibility - displacement of responsibility; diffusion of responsbility
Dehumanization of victim; attribution of blame