Business Society: Ethics

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Last updated 7:41 AM on 4/12/26
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11 Terms

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Business ethics

The study of business situations where issues of right and wrong are addressed.

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Ethics and Law

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Ethical theories

Are the rules and principles that determine right and wrong for any given situation.

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Morality

Concerned with the norms, values and beliefs embedded in social processes which define right & wrong for an individual or community.

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Ethics

Concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for a given situation.

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Normative Ethical theories

Propose to prescribe morally correct ways of acting.

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Religion & Philosophy

Both aim to inform us about the correct actions to take.

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Religion & Philosophy: Source of rules & principles

Religion: norms are derived from deities and organised systems

Philosophy: norms are derived form human reason

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Religion & Philosophy: Consequences of (im)morality

Religion: spiritual consequences

Philosophy: tangible social consequences

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Descriptive Ethical theories

Seek to describe how ethics decisions are actually made in practice.

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Two Extreme Positions (1999)

De George: