Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Glossary

What philosophies and concepts shape personal ethical standards?

What philosophies and concepts shape personal ethical standards? (IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Glossary) — "Ethics is a set of moral…

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  • Ethics is a set of moral standards for judging whether something is right or wrong.
  • An ethical issue requires choosing among actions that may be ethical or unethical.
  • Ethical decision-making approaches
  • Deontology holds that following one's obligations is ethically correct.
  • Justice concerns fairness and the equitable distribution of society's burdens and rewards.
  • Utilitarianism determines whether an action is right or wrong by examining its consequences.
  • Utilitarianism considers the consequences of actions taken by a person or organization.
  • According to utilitarianism, people should generate the greatest good for the greatest number.
  • Every human is entitled to rights such as freedom and the pursuit of happiness.
  • Justice is also an ethical decision-making approach based on accepted standards of fairness.
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What philosophies and concepts shape personal ethical standards?

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IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573

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"Ethics is a set of moral standards for judging whether something is right or wrong. A philosophy in which a person will follow his or her obligations to an individual or society because upholding one's duty is what is ethically correct is deontology. A situation where a person must choose from a set of actions that may be ethical or unethical is an ethical issue. What is considered fair according to the prevailing standards of society; an equitable distribution of the burdens and rewards that society has to offer is justice. A philosophy that focuses on the consequences of an action to determine whether it is right or wrong; holds that an action that affects the majority adversely is morally wrong is utilitarianism. A utilitarianism approach to setting personal ethical standards focuses on the consequences of an action taken by a person or organization. According to this approach, people should act so as to generate the greatest good for the greatest number. Every human is entitled to certain rights such as freedom and the pursuit of happiness. Another approach to ethical decision-making is justice, or what is fair according to accepted standards."

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