Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Summary of Learning Outcomes

What philosophies and concepts shape personal ethical standards?

What philosophies and concepts shape personal ethical standards? (IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · Summary of Learning Outcomes) — "Ethic…

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  • Ethics: moral standards for judging whether something is right or wrong.
  • Ethical decision-making approaches provide different bases for personal ethical standards.
  • Utilitarianism focuses on the consequences of an action by a person or organization.
  • Its principle is to generate the greatest good for the greatest number.
  • Deontology holds that people should follow their obligations because upholding duty is ethically correct.
  • The rights approach recognizes that every human is entitled to rights such as freedom and the pursuit of happiness.
  • Justice evaluates what is fair according to accepted standards.
  • An ethical issue is a situation in which a person must choose from a set of possible actions.
  • Some possible actions may be ethical.
  • Some possible actions may be unethical.
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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 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. 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 called deontology. 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. An ethical issue is a situation where a person must choose from a set of actions that may be ethical or unethical."

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