MGT 3120H Chapter Notes - Chapter 3: Virtuous Circle And Vicious Circle, Regulation A, Investment
14 Mar 2017
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Document Summary
Ethics: is defined as the code of moral principles that sets standards of good or bad or right or wrong in our conduct. Ethical behavior: is right or good in the context of a governing moral code. Ethical behavior is values driven l values: underlying beliefs and judgements regarding what is right or desirable and that influence individual attitudes or behaviors. Terminal values: focus on desired ends such as goal of lifelong learning. Instrumental values:are preferences regarding the means to desired ends such as honesty, ambition, courage. What is considered ethical varies among moral reasoning approaches. People often differ in the approaches they take toward moral reasoning and they may use different approaches at different times and situations. Utilitarian view: considers ethical behavior to be that which delivers the greatest good to the greatest number of people. Utilitarian thinking relies on the assessment of future outcomes that are often difficult to predict and touch to measure.
