Introduction to Business Ethics

These flashcards cover key concepts from the lecture on business ethics, including types of moral problems, ethical theories, and the distinction between objectivism and relativism.

What are the two types of moral problems discussed by Professor Schein?

Normative and Descriptive.

What does Normative Ethics study?

It studies ethical action and considers how one ought to act morally.

How does Normative Ethics differ from Descriptive Ethics?

Normative Ethics teaches how to critically reason through moral issues, while Descriptive Ethics assumes students have values and focuses on adherence to those values.

What is Moral Objectivism?

The belief that there are objective moral truths.

What is Moral Relativism?

The concept that morality is relative to individuals or time periods, with no 'correct' answer.

Why is it problematic to claim moral relativism when discussing extreme cases like genocide?

True relativism would imply endorsing all moralities, including those that support extreme violations of human rights.

What are common ways to avoid answering moral questions?

Inconsistency in applying moral standards and using narrow scope arguments.

What important takeaway is suggested about evaluating companies and morality?

Both can be logically evaluated, even amidst disagreement on methods.