PHIL 2600 Chapter : PHIL_2600 Full Textbook Notes
10 Dec 2013
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Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed. Business ethics is different from law, this is about morality. Assessing the morality of free drinks given by bartender. Ethical dilemma = ethics + law = grey area. Ethical dilemma situation where you must assess the morality of the situation. Morality is concerned with the norms, values, and beliefs embedded in social processes which define right and wrong for an individual or a community. Ethics is concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for a given situation these rules and principles are called ethical theories. Ethics rationalizes morality to produce ethical theory that can be applied to any situation. Morality (ethics rationalizes morality) ethics (to produce ethical theory) Ethical theory (that can be applied to any situation) potential. Business ethics in small companies vs. large companies.
