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…
Ideas in this flowchart
- 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.
