BAET 20300 Study Guide - Final Guide: Common Good, Insider Trading
Document Summary
Broad objectives of the vocations of a business leader: 1. Meeting the needs of the world through the creation of goods and services. Common good and solidarity (unity: 2. Creating wealth and then sharing and distributing that wealth to others, particularly the poor. Ethics and ethos: ethics answers the question how should we live our lives? , ethos= means customary or conventional . To be ethical in the sense of ethos is to conform to what is typically done, to obey the conventions and rules of one"s society and religion: philosophical ethics: Distinguishes what people do value from what they should value: difference between ethics and ethos. What is valued and what ought to be valued. Guide to ethical decisions making: 1. What are the facts, my obligations, and which principles are relevant: 2. Which obligations are in tension? who are the stakeholders and how will they be affected: 3. How should we weigh the obligations: 4.
