Chapter 1 part B (commercial transactions)

What focuses on the impacts of a decision on society?
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Terms in this set (19)
What focuses on the impacts of a decision on society?
Outcome-based ethics
(Outcome based ethics)

If Good Outcome=
Morally good
(Outcome based ethics)

If Bad Outcome=
Morally bad
What means you behaved ethically based on your outcome?
Outcome-based ethics.
What means you behaved ethically based on your duty? What you did and why you do it?
Duty-Based ethics
What is a form of ethical reasoning that determines that a good decision is one that results in the greatest good for the greatest number of people affected by the decision?
Utilitarianism.
Utilitarianism means a decision is ______
good
If it produces the greatest amount of good for the greatest number.

Or

If creates the least amount of harm for the fewest people.
Utilitarianism
Utilitarianism-Utility-Useful
Looks at how useful your outcome was.
Example Expand a factory

Will provide more jobs

Will also cause pollution and harm thousands of people.

Hundreds of job v health of thousands
Utilitarianism creates the least amount of harm for the fewest people.
An example Pharmaceutical company creates a drug. Will cure. 85% of patients Will cause painful death to 15% of patients.Problems with utilitarianismWhat is a 5 step checklist that identifies the most efficient means of generating consistent and optimal results?Systematic approachHow does a systematic approach. Approach a problem?By going through a system/checklist.What is step one of a systematic approach?InquiryWhat's is involved in a inquiry? (Step 1 of systematic approach)Identifying parties Collecting facts Listing any applicable legal or ethical principle sStep one of systematic approach is inquiry where youIdentify parties involved Who will be impacted by your decision?What's is step 1 of systematic approach? (Inquiry)Collect facts. Collection information.What's is step 1 of systematic approach?List any applicable legal or ethical principles.Step 3 of systematic approach is listing any applicable legal or ethical principles. Applicable legal principles looks tosee if something is legal or illegal.