Definitions
Systematic reflection on values and norms: their content and changes and their meaning, justification, and determination.
What is the definition of ethics?
Argument by consequence: ethical theory that evaluates actions by consequences and considers the action that maximizes overall happiness as the ethically best action.
What is Utilitarianism?
Which action/decision can reasonably be universalized?
What is CI Method A?
Created the theory of the invisible hand and wrote the "Wealth of Nations"?
Who is Adam Smith?
The social, economic, and environmental responsibilities of a business.
What is Corporate Responsibility (CR)?
Systematic reflection on the determination and justification of norms and values.
How ought one to live and act? how can one decide what action is ethically right? how can one justify actions? what is a good life?
(Typically seen in: traditional moral philosophy)
What is Normative Ethics?
Argument by Principle: Fundamental general rule of action; ethical theory that focuses on rules and principles as binding ethical obligations to act in a certain way.
What is Kantian Ethics?
Which action/decision respect the dignity of all persons involved/affected?
What is CI Method B?
Who (Answer) is considered the father of what (Answer) subject?
Who is Adam Smith, and Economics?
1. Identify crucial societal, environmental, global, and long-term impacts of the product life cycle (Sourcing, Production, Distribution, Use, Disposal)
2. Ethically evaluate those impacts and identify critical issues
3. Determine what degree of responsibility the business has for the issues
4. Identify strategies for the business to assume responsibility and take action.
What is the ELCA (ethical life cycle assessment) method?
Analysis of existing norms and values. What type of values and norms exist in different groups of a society? Where do they come from? How do they change over time?
-psychology, sociology, anthropology
What is Empirical Ethics?
Argument by character/human excellence; a normative ethical theory about the definition and realization of virtues and human excellence
what is Virtue Ethics?
Which action is consistent with who someone is and wants to be, referring to reasonable concepts of excellence?
What is Virtue Method A?
What is the concept of:
The individuals act in their own self-interest and, by this, automatically serve the public interest without even intending it?
What is the invisible hand concept?
1. Basics about the company and its business
2. Crucial elements and operationalization of CR
3. Critical Evaluation
-Ethical criteria
-Economic criteria
-Formal criteria
What is the CR analysis method?
Systematic reasoning about the meaning of evaluative and normative concepts and statemnets
what is the meaning of "good"? how is this concept used and how is it related to other concepts?
-meta-ethics
what is Analytical ethics?
Argument by relational role; Focuses on specific ethical aspects of concrete relationships and relational roles
What is Ethics of Care?
Which action/decision best supports the development of personal or professional potential and ensures thriving of all affected?
What is Virtue Method B?
Situations that show some or all characteristics of economic interactions, but do not produce the results of perfect markets.
What is market failure?
New criticism focuses exclusively on inequality in wealth and income distrubution
What is new criticism of capitalism?
Argument by consequences of actions; arguments by principle (motive); argument by character/human excellence; argument by relationship; argument by rational agreement
What are the basic types of ethical argumentation?
TWO PART ANSWER: Argument by rational agreement
1) which action/decision would rational persons agree to behind a 'veil of ignorance'?
2) which discussion would win by rational argument in an open, deliberate discourse?
1) what is ethics of Rawlsian?
2) what is ethics of discourse?
Which action/decision maximizes the overall happiness of all affected?
What is Utilitarian method?
It is difficult or impossible to exclude people from using them, and one person using them does not reduce their availability to others.
What is Public Good?
An economic system in which the means for production are owned privately.
What is an accurate definition of capitalism?