BADM*2050 Study Guide - Final Guide: Oligopoly, W. M. Keck Observatory, Environmental Policy
Document Summary
**terms that are highlighted are the terms that you should definitely know for the final exam** By definition, ethics is the study of theoretical foundations of moral principles that govern individual behaviour and the practical application of those principles. Ethical thinking involves the reasoned application of ethical theory or theories to a given situation. Applying consistency when using ethical theories in given situations, applying a theory that you believe is morally right and wrong. There may be some absolute rights and wrongs. Dealing with a moral problem: consideration of rules, consideration of outcomes or consequences of actions, resolving clashes between considerations. Utilitarianism: the contention that the greatest good comes from choosing the alternative that provides the greatest aggregate level of satisfaction. Ethical dilemma: a situation involving the conflict between moral imperatives where to comply with one necessitates the transgression of the other. By definition, it is behaviours and values that are relative to particular cultures.
