Bule 303 Chapter 2 QUESTIONS WITH 100% SCORED A+ SOLUTIONS
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Course
Bule 303
Institution
Bule 303
Utilitarianism - ️️An approach to ethical reasoning in which an action is evaluated in
terms of its consequences for those whom it will effect. A "good" action is one that
results in the greatest good for the greatest number of people.
A business' responsibility and ethical uncertainty -- Ma...
Bule 303 Chapter 2
Utilitarianism - ✔️✔️An approach to ethical reasoning in which an action is evaluated in
terms of its consequences for those whom it will effect. A "good" action is one that
results in the greatest good for the greatest number of people.
A business' responsibility and ethical uncertainty -- May v. Chrysler Group, LLC -
✔️✔️An employee sued Chrysler for failing to take action to stop harassment in the
workplace. The investigation showed that the company had taken sufficient efforts to
stop the behavior (such as holding meeting, increasing security, and allowing him to
park in a monitored lot) and thus the company did not act with malice or reckless
indifference which resulted in May receiving no money in punitive damages.
Business Ethics - ✔️✔️What constituters right or wrong behavior and the application of
moral principals in the business context.
Triple bottom line - ✔️✔️Focuses on a corporation's profits, its impact on people, and
its impact on the planet.
What four things should should a business evaluate when making a decision? - ✔️✔️1.
the legal implications of each decision
2. the public relations impact
3. the safety risks for consumers and employees
4. the financial implications
Short-run profit maximization v. long-run profit maximization - ✔️✔️In the short-run, a
company may increase its profits by continuing to sell a product, even though it knows
that the product is defective. In the long-run, because of lawsuits, large settlements, and
bad publicity, this unethical conduct would cause the profits to suffer. AKA BUSINESS
ETHICS IS ONLY CONSISTENT WITH LONG-RUN.
Short-run profit maximization example - ✔️✔️Purdue Pharma downplaying the
addictive tendencies of oxycotin when it was first put on the market
the internet in relation to public relations - ✔️✔️the courts have stated that assertions
about businesses online are a first amendment right and not considered to be
defamatory. aka people can pretty much post whatever bad reviews they want to about
the business online.
moral minimim - ✔️✔️the minimum degree of ethical behavior expected of a business
firm, which is usually defined as compliance with the law.
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