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BUSN 351- Business Law Ch. 4

Terms in this set (5)

Certain human rights are fundamental and must be respected

Judge your actions by applying it universally; Treat humanity as an end in itself, not a means

Modern Rights Theory

ethical duties cant be absolute; respect fundamental rights unless higher right takes priority

Maximize utility for society as a whole

Laissez faire Theory of Capitalism

total social welfare is optimized if humans are permitted to work toward their own selfish goals

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