Textbook Notes (362,796)
Canada (158,054)
UOIT (533)
Business (277)
BUSI 3040U (17)
Chapter 3

Chapter 3 Ethics & Privacy

4 Pages
Unlock Document

BUSI 3040U
Stephen Marsh

Chapter3EthicsPrivacy31EthicalIssuesEthicsRefers to the principle of right and wrong that individuals use to make choices that guide their behaviourEthical Frameworks1 The utilitarian approach2 The rights approach3 The fairness approach4 The common good approachUtilitarian approachstates that an ethical action is the one that provides the most good or does the least harm ex The ethical corporate action would be the one that produces the greatest good and does the least harm for all affected parties customers employees shareholders community and the environmentRights approachMaintains that an ethical action is the one that best protects and respects the moral rights of the affected parties Ex Moral rights can include the rights to make ones own choices about what kind of life to lead to be told the truth not to be injured and to a degree of privacy Fairness approachposits that ethical actions treat all human being equally or if unequally then fairly based on some defensible standard Ex Most people might believe it is fair to pay people higher salaries if they work harderCommon good approachhighlights the interlocking relationships that underlie all societies Argues that respect and compassion for all others is the basis for ethical actions Emphasizes the common conditions that are important to the welfare of everyone can include a system of laws effective police and fire departments health care a public educational system public recreation areasFRAMEWORK FOR ETHICAL DECISION MAKING1 Recognize an ethical issue2 Get the facts3 Evaluate the alternative actions4 Make a decision and test it5 Act and reflect on the outcome of your decisionEthics in the Corporate Environment
More Less

Related notes for BUSI 3040U

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.