Question

In: Finance

4. What is the purpose of ethics? 5. What is the difference between act utilitarianism and...

4. What is the purpose of ethics?

5. What is the difference between act utilitarianism and rule utilitarianism?

6. What is the difference between negative rights and positive rights?

Solutions

Expert Solution

4. Purpose of Ethics

  1. Ethics lay strategic decision-making
  2. They increase employee retention.
  3. An ethical business attracts investors
  4. Ethics minimizes costs.
  5. Ethical practices help in building and maintaining reputation.
  6. An ethically oriented company is bound to avoid fines
  7. Ethics in business attract more employees.
  8. Good Business ethics is the key to enhancing productivity
  9. Ethics creates customer loyalty.
  10. Ethics encourages teamwork.
  11. A business that values ethics attracts more suppliers.
  12. Ethics in enhance partnerships.
  13. Ethics reduces business risks.
  14. It improves a company’s bottom line
  15. Ethics increases business profits.
  16. Ethics lead to sustainable growth in sales.
  17. Good ethics in business boosts the morale of the employees.
  18. Ethics helps in building consumer confidence.
  19. Ethics enables a company to make good use of limited resources.
  20. Ethics in the business allows for healthy competition.
  21. Ethics leads to long-term gains.
  22. Ethics helps in maintaining quality.
  23. Ethics offers extra asset protection.
  24. Ethical practices foster community improvement.
  25. Good business ethics is an end in itself.
  26. Ethics promotes Corporate Governance in an organization.
  27. Ethical practices help in setting up internal control systems.
  28. Ethics is necessary for equality at workplaces.

5. What is the difference between act utilitarianism and rule utilitarianism?

Act utilitarianism regards act as morally permissible if it produces the optimal overall balance of pleasure over pain for everyone affected by the act. Rule utilitarianism regards an act as morally permissible if it is in accordance with a general rule that would produce the optimal balance of pleasure over pain for everyone effected by the rule.
To illustrate the difference consider the following. Suppose you are a prosecuting attorney in the American pre-civil rights south. A white woman is raped by a black man. A riot ensues. Black homes are burned. The black population retorts and burns white homes too. The violence is escalating and seems that it will only get worse. But you have a black man in jail that you can frame for the rape. While you know he is innocent, you also think you can make a solid case against him. If you frame him people will think that justice has been done and the violence will probably stop, or at least diminish.

An act utilitarian would say you should go ahead and frame the innocent black man. Yes, his pain and his family's pain is a negative effect of your action, but it will be greatly outweighed by the pain to the community if you don't frame him and let violence increase. Because the overall balance of pleasure over pain is optimized by the act of framing the innocent black man, go ahead and frame him.

A rule utilitarian would disagree because he would look not at the overall pleasure/pain balance produced by of the specific act of framing the innocent black man. He would look at the overall pleasure/pain balance of having a general rule that it is morally acceptable to punish an innocent person to achieve a greater good. While the specific act of framing the innocent black man might produce a positive balance of pleasure over pain, a general rule to that effect almost certainly would not. Such a rule would cause people to lose faith in the justice system, and the long term effects of that would yield a negative pleasure/pain balance. So it would be wrong to frame the innocent black man.

6. What is the difference between negative rights and positive rights?

A ‘negative’ right is one that forbids an action. The Bill of Rights would be a perfect example.

A ‘positive’ right is one that requires the action of others. Healthcare, housing, heating etc etc.


Related Solutions

Distinguish the difference between act and rule-utilitarianism. What are they and how are they different? After...
Distinguish the difference between act and rule-utilitarianism. What are they and how are they different? After presenting the views raise one objection for act-utilitarianism. Explain why it poses a problem for act-utilitarianism. Is this also a problem for rule-utilitarianism? Why or why not?
Question 77: The Ethics of Care has many similarities to Question options: Rule Utilitarianism Act Utilitarianism...
Question 77: The Ethics of Care has many similarities to Question options: Rule Utilitarianism Act Utilitarianism Kant’s Categorical Imperative Rawls’s Theory of Justice Part B: Which of the following is not a reason why a feminist perspective has called for rethinking the history of ethics? Question options: Traditional ethics has excluded women’s voices. Traditional ethics stresses autonomous man and the ethics of strangers. Traditional ethics has not emphasized justice. Traditional ethics invalidates the priority of intimate relationships.
Business Ethics Briefly discuss the importance, purpose and difference between Code of Ethics and Code of...
Business Ethics Briefly discuss the importance, purpose and difference between Code of Ethics and Code of Conduct. Address the issues in creating of Code of Ethics with reference to procedures in implementation of it in an Organization in Oman. Instructions: ·       Word limits are minimum 350 and maximum 500 words. ·       All content should be write in your own words. No Copy and paste allowed. ·       Plagiarism should less than 20%. ·       Students should do individually. ·       Last date of submission is on Moodle by...
Compare the advantages and disadvantages of act-utilitarianism and virtue ethics. Which do you think is the...
Compare the advantages and disadvantages of act-utilitarianism and virtue ethics. Which do you think is the better theory? How would you combine the two approaches to fashion a better theory?
Answer in 250-300 words. What is the difference between ethics and business ethics?
Answer in 250-300 words. What is the difference between ethics and business ethics?
1. What is the difference between the Securities Act of 1933 and the Securities Exchange Act...
1. What is the difference between the Securities Act of 1933 and the Securities Exchange Act of 1934 with respect to what they regulate? What factors do the purchasers of securities under the Securities Act of 1933 need to prove to recover losses from the CPA? What would be a viable defense by the CPA? 2. Many CPA firms are taking a business risk approach to audits. Define what is meant by business risk. Provide an example of a business...
Summarize the difference between individual ethics and organizational ethics. What do you think is the source...
Summarize the difference between individual ethics and organizational ethics. What do you think is the source of each type of ethics?
What is ethics, and why is it important to act according to a code of ethics?...
What is ethics, and why is it important to act according to a code of ethics? ▪ Why is business ethics becoming increasingly important? ▪ What are organizations doing to improve their business ethics? Why are organizations interested in fostering good business ethics? ▪ What approach can you take to ensure ethical decision making? ▪ What trends have increased the risk of using information technology in an unethical manner?
Describe the difference between the branches of Ethics (meta-ethics, normative ethics, and applied ethics) and normative...
Describe the difference between the branches of Ethics (meta-ethics, normative ethics, and applied ethics) and normative ethical theories (consequentialism, deontology, virtue, etc.)
What is the difference between an information system and acomputer application?What is the purpose...
What is the difference between an information system and a computer application?What is the purpose of systems analysis? Why is it important?What is the difference between systems analysis and systems design?What is a project?What is the purpose of the system development life cycle (SDLC)?What are the six core processes of the SDLC?What is meant by Agile development and iterative development?What is the purpose of a System Vision Document?What is the difference between a system and a subsystem?What is the purpose...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT