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Business Ethics Review

540 words - 3 pages

Week 2
• Difference between laws and ethics? Can one occur without the other?
• Know the Blanchard/Peale ethical model What are the facts, what information are we missing, assumptions we need to make, who is involved, what are their concerns.
• Be prepared for real examples of conflict of interest…
o For example: TRUE OR FALSE--- A member of the city council who is employed by a waste management firm would have a conflict of interest in voting on the city’s award of a contract for the handling of the city’s waste.
• Know Peter Drucker "Above all, do no harm"
• The overview of the Parable of Sadhu case
• Know Divine Command/Law Decisions made by the guidance of divine bring.
• What theory did Ayn Ryad create? Ethical Egoism
• Know utilitarianism Greatest good for the greatest number
• Know rights theory Everyone ...view middle of the document...

• C) Above all, do no harm.
• Carr's perspective: A) Business is a special case with its own set of rules.
• B) Position on bluffing: Falsehood ceases to be falsehood when it is understood on all sides that the truth is not expected to be spoken.
• C) The ethics of business are games ethics, different from the ethics of religion.
• What is John Rawls perspective on utilitarianism? The striking feature is that in utilitarianism it does not matter, except indirectly, how this sum of satisfaction is distributed among individuals.
• What is Rawls’ maximin criterion of social justice?
• An allocation of resources satisfies the maximin criterion only if it maximizes the wellbeing of the worst-off individuals.
• Know the three types of fairness (slide 32) A) Distributive justice. B) Interactional Justice. C) Procedural justice.
Week 4
• Know what was the main issue with the Ice-T case
• Know social responsibility
• Know difference between Shareholder (Friedman) and Stakeholder (Freeman) theory?
Week 5
• Overview of the movie “Thank You for Not Smoking”
Week 6
• Know the three functions stereotypes serve (just the names of them) A) Cognitive B) motivational C) Normative
• Know the difference between these two stereotypes, descriptive and prescriptive? Descriptive: characteristics associated with members of a group. Prescriptive: What must do, all should do.
• Know self-fulfilling prophecy ? It’s the prediction that directly or indirectly causes itself to become true, by the very terms of the prophecy itself, due to positive or negative feedback between belief and behavior.
• A) Initial impressions of others are affected by own beliefs and assumptions.
• B) Initial impressions are fulfilled and maintained.
• C) Confirmation bias: People selectively choose data to fit their preconceptions.

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