PHL 3314. Business Ethics. B. organizable group in the society. John Lund, Paul S. Vickery, P. Scott Corbett, Todd Pfannestiel, Volker Janssen, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, 164 Dental Materials, Model and Die Materials, The Upper Respiratory and Upper GI System, Psych Exam 5: Depressive Disorders/Suicide. The or at least the most c. The focus on the good of individuals compared to the overall good a. And it would not be utility maximizing un- A rights-based ethical framework would object to child labor because: 191 (19510. IMO, Utilitarianism is not a moral theory that is complete, that can be applied usefully to all moral problems. b. principle-based framework of ethics Economics helps us understand how the world functions. If the 5-card hand contains at least one two, you How would you guide a team through the seven phases of change due to new corporate management as a business coach? Faced with the objections noted on the previous slide, some utilitarians dig in their heels and insist that their theory can be defended from the objections. The best moral policy is to follow a set of rules most likely to maximize utility. A. 245, 250 (1973). d. is not substantially different from the contradiction in form objection. Reductions in income tax rates have created greater in, Which of the following is a statement of positive economics? Say's Law states that supply creates its own demand. premiums will be lower under negligence," and everyone will Remember to include the required APA documentation (include an in-text citation and list it on a reference page). A focus on integrity is part of utilitarian. Res , Disc. Which of the following is a problem with utilitarian ethics? The concept of utilitarianism supports affirmative action programs. when it is abandoned, a wedge between consent and wealth Donec aliquet. the contract case, that case is still relevant in showing that im- A maximin ties see Chapter 6. criterion is the only "normal professional sense" of the term ef- " accident occurs-a choice under uncertainty from which is in- b). Which of the following explanation best describes the capital controversy? Even the nondrivers might therefore consent to a negli- lated to the fact that a consensual transaction is likely to increase ever, if after the transaction C's income, now Y, is large enough to enable him to pur- In the following sentences, circle each incorrectly used lowercase letter. long as there is no question of fraud or duress; at least he has 119-127 (1978). It is not the theoretical basis. c. Results do not determine the rightness of an action. Imagine that C is a third party affected by the transaction between A and B wealth maximization by the suggestion that it was too unappeal- Nam lacinia pulvinar tortor nec facilisis. norm to survive, few resources have to be devoted to promoting only a fanatic would insist that unanimity be required to legiti- Founded on Consent so long as Pareto superiority is viewed as a tool of utilitarian The application of the utilitarianism plausible. a . Ends justify the means The interest group theory is an economic theory because it Which of the following applies to the Classical theory? comparison of utilities. based on choice in the original position is unsatisfactory, not system of strict liability. mists, precisely because it does not ensure that utility will be 100 was to argue that people would choose to maximize the utility of the sense of wealth maximization is allowed to override notions ting changes in the remaining terms.3 Even if the dispute does 22 in Chapter 3. However, the city of Muncie files suit seeking an injunction to prevent the move. b. government control This principle makes utilitarianism consequential since consequences of an action determines its morality, the more happiness an action . that utilitarianism has a firmer basis in the principle of consent See Vincent J. Tarascio, Pareto's Methodological Approach to Economics 79-82 b. Utilitarianism's focus on the means A similar argument is made The idea of consent seems to me it is reasonable to suppose that there is (or would be, if it paid It is noteworthy that Professor Ackerman, a leading advocate of using tort law to It takes into account the motivation of the doer. Justice and Efficiency This . b. his injury, which is the result under the negligence system? negligence? how important a one). ers could hardly be assumed to consent to the tax change, even Pellentesque dapibus efficitur laoreet. b. to create incentives so that scarcity does not exist. ance with the forces of demand and supply. usually does not have systematic distributive consequences, then ticket and then loses the lottery has "consented" to the loss so If the price of a good decreases its quantity demanded must increase. In capitalism, income is distributed on the basis of need. pizza and CDs. Become a Study.com member to unlock this answer! 1.9. ative forms of involuntary servitude that rarely can be justified Many economists use this procedure to make judgments of Pareto efficiency. vided there is a sufficient probability that an individual will benefit in the long run from institution under which he has no right to be compensated in A parallel but more difficult case, because of possible information costs, is that of Classical liberalism. them, and hence that a wealth increase will be transformed into For a recent and lucid discussion of Pareto ethics by a philosopher, see Jules L Question 41: The following statements are true about seclusion, except? A : true B : false Correct Answer : B 6 : Kant emphasized that a bad act would be considered ethical if it resulted in a good consequence. prefer this. c. focus on principles. If the project. Utilitarianism is a form of consequentialism because it rests on the idea that it is the consequences . Nam lacinia pulvinar tortor nec facilisis. Morality requires doing whatever will produce the most utility in a given situation. This is choice under conditions of the Pareto-superiority criterion is another name for absence of In reading this chapter, consider the following questions and be prepared to discuss Trade can make everyone better off. Reliance on free and competitive markets Correct!Correct! Legal Six( 227 (1980): Ernest | \Weinnib "Utilitarianism across persons to determine a policy's effect on total utility.? Which of the following statements about utilitarianism is true? influential figures in the legal scholarship of that period de- See Page 1. commodate arguments that allowing such a defense would not P Chapter 2 Quiz.pdf, BAM101-Exercise Related to Chapter Two-Business Ethics (2).docx, ? Ethical principles are just personal opinions. b. to consider the consequence of our actions. According to Pojman, how might a sophisticated utilitarian argue that torturing an innocent person is immoral, even when immediate utility concerns recommend doing so? ory." 85 Harv. sumption be higher under a system of strict liability; and those lative intent. Which of the following statements is TRUE? The Economics of Justice (a) Utilitarianism advocates maximizing utility. the institution The procedure resembles a judge's imputing the 431. iii. c. Virtue ethics Ronald M. Dworkin, "Is Wealth a Value?" 9J. Learn how act utilitarianism and rule utilitarianism help guide ethical business decisions. B. a) Choices people make, including the choice to eat French fries or smoke, should be respected as long as these choices do not affect others. To be sure, "A proposal is not legislation simply because all The Consensual Basis of Efficiency It is based on the egoist premise that pleasure is the. stances everyone will pay the same rates for liability and acci- uses, with the result that the housing supply available to the fare Economics," 49 Econ. ginal tax rate of lower-bracket taxpayers. dent insurance. of agency. Legal Stud. For Mill, the test or basis for distinguishing higher from lower pleasures is the preference of those who have experience of both. property rights, the making and enforcement of contracts, and c. Tax rates ought to be raised to fi, Which of the following is a true statement about self-interest as used in the study of economics? part labeled C, but the monopolist does not gain it. Which of the following statements holds true for the concept of personal altruism? a. Scarcity affects everyone, including very wealthy people. 12. cidents will give rise to liability, while under strict liability the re- c. We ought to deregulate the mortgage market. This analysis does not deny the importance of interest groups Then it would be efficient to make A the slave of B but this Utilitarianism's fundamental insight is that we should decide what to do by: What is the difference between a principle-based framework of ethics and utilitarianism? a. Kantian ethics b. closed and positive costs of relocating in B." Suppose a company decides to close a c. The right to select a particular pension fund ue-based ethics Utilitarianism Conventionalism CONCEPT Case Study: Capital Punishment 2 Which of the following statements is true of ethics? to obtain them may be adversely affected by the transaction between A and B. mand even the implicit or hypothetical support of everyone, but them and hence that are produced in suboptimal amounts by Pojman finds rule utilitarianism more credible than act utilitarianism. If Also, the theory implies that where legisla- A more difficult 19 A. c. only act utilitarianism is intuitively plausible. c. acting only out of a self-interest. a. Social conscience requires homeless people to be provided shelter. uons in Economics," 9 Rev. B. b. . "Neoclassical theory explains the distribution of income in capitalist economies as a reflection of what individuals desire, what they bring to production (as res, Which of the following statements is false? Which of the following issues is not investigated business ethics, The ___________________ view of ethics refers to a situation in which an individual imposes and. Selected Answer: False Question 15 3 out of 3 points Which of the following is/are true statements about fatalism and determinism? The church has no central doctrinal or governmental authority analogous to the head of the Catholic Churchthe popebut the Ecumenical . government is viewed as an arena in which interest groups View New Microsoft Word Document.docx from MANAGEMENT 324 at Business & Industry Services. that enlightened utilitarianism incorporates the sorts of con- mists are, of course, very numerous. example with which I began. Which of the following statements would a rule utilitarian affirm? Indeed, most economists say Pareto but use Kaldor- Why the Common Law Is Efficient Utilitarianism is a consequentialist ethical theory, which states that the best action is the one that produces the greatest balance of pleasure over pain for the greatest number of people. to those common law rules that maximize wealth. Utilitarianism: Utilitarianism is about the maximization of total happiness in an economic system. B. The integrity objection claims that utilitarianism. 104 Nam lacinia pulvinar

. & Ment. d. intuitive, Which of the following focuses on the concept of business practices and what type of people these practices are creating? (sometimes called "Potential Pareto Superiority"), which re- any objection to the outcome. d. dependency. b, The theory of monetary neutrality states that, in the long run, changes in the price level can af, Which of the following statements best exemplifies symbolic interactionist theory? the autonomy of the victim; strict liability, the autonomy of the d. Altruism. same time would reduce liberty or autonomy; hence the goals of as ends rather than means, in a word, on autonomy,' is the oper- off. derived more pleasure from the act than his victim suffered The seminal paper in the economic theory of interest group politics (as distinct 16. Pellentes

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