Question

In: Economics

A,B,C,D Professional ethics were presented as a method of improving labor productivity, especially when credence products...

  1. A,B,C,D Professional ethics were presented as a method of improving labor productivity, especially when credence products are being offered. Separately answering as parts, A, B, C and D, Identify four of the professional ethics standards that were presented in class. Along with each ethical standard that you present, also explain how labor productivity is increased due to that standard ethical practice.

Solutions

Expert Solution

Professional Ethics:- Professional ethics means, the personal and corporate rules that govern behavior in the context of particular profession.

Four of the professional ethics standards:- The ethical discipline has entailed four fundamental approaches.

1. Utilitarian Ethics (Outcome based)

2. Deontogical Ethics (Duty based)

3. Virtue Ethics (Virtue based)

4. Communitarian Ethics (Community based)

These four fundamental approaches are called ethical decision-making frameworks.

“A METHOD OF IMPROVING LABOUR PRODUCTIVITY”

‘A’ professional ethics has presented the utilitarian ethics approach in which he said to improve labour protective, one has to use of match the right jobs to skills method.

‘B’ professional ethics has presented the Deontogical ethics, approach, which means use of track staff time method.

‘C’ professional ethics has presented the virtue ethics approach, which means ’incentivise labour employees’ method.

‘D’ professional ethics has presented the communitarian ethics, which means use of effective communication method.


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