BLAW 3201 Study Guide - Midterm Guide: Uniform Commercial Code, Capitalism, Corporate Social Responsibility
Document Summary
Chapter 2 business ethics and the social responsibility of business. Ethics can be broadly defined as the study of what is good or right for human beings. The study of business ethics has several central authorities. Because there are no universal, clear-cut standards to apply to ethical analysis, it is impossible to make meaningful ethical judgments. Not everything that is legal is also morally correct. An ethical relativist looks to a central authority, such as the bible, to guide her in ethical decision making. The two major forms of utilitarianism are situational and a priori. Situational ethics judges a person"s ethics, and it does so from the perspective of. Jeremy bentham was not a proponent of utilitarianism. A leading proponent of the utilitarian approach to ethics was the eighteenth- century philosopher immanuel kant. Deontologists are sometimes criticized for rigidity and excessive formalism. Intuitionism holds that rational persons possess inherent powers to assess the correctness of actions.
