Notesale: Turn your study into money

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BSBA 3306-002
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Act Utilitarianism- assess each separate act according to whether it maximizes pleasure over
pain
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Categorical Imperatives- for an action to be moral it:
o Must potentially be a universal law that could be applied consistently
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Civil Law- duties the violations of which constitutes a wrong against the party injured by the
violation
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It is judicial
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Common Law- (case law/judge-making law) developed by application of stare decisis
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Constitution- fundamental law of a particular level of government
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Specifies the rights and liberties of the people
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Corporate Governance- size and power of individual corporations
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Cost-Benefit Analysis- compares direct and indirect costs and benefits of program alternatives
for meeting a specified objective
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Deontology- address the practical problems of utilitarianism by holding that certain underlying
principles are right or wrong, regardless of pain or pleasure calculation
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related to other society members; equal opportunity
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Ethical Fundamentalism- individuals look to a central authority or set of rules to guide them in
ethical decision making
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Ethical Theories- ethical rules can be found by applying a priori (reasoning based on theory,
rather than experimentation)
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Administered by a court of chancery presided over by the
chancellor
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Functions of Law- protects property rights, resolves disputes, preserves the government
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Intuitionism- holds that a rational person possesses inherent powers to assess the correctness of
action; you know the right thing to do
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Lawrence Kohlberg- observed that people progress through sequential stages of moral
development according to two factors: age and reasoning
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K
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Pre-Conventional- seeking an award/trying not to be punished
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Procedural Law- sets forth rules for enforcing those rights that exist by reason of the substantive
law
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Regulation of Business- occurs not only to preserve the competitive process in our economic
system, but also to achieve social goals
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Situational Ethics- holds that developing precise guidelines for effectively navigating ethical
dilemmas is difficult because real life decisions making it so complex
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Television Test- you have a major decision to make and you go on TV to make it
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Treaties- an agreement between or among independent nations
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The Supreme Court interprets he commerce clause as: granting virtually complete power to
congress to regulate the economy
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Which Amendments prohibit anyone from life, liberty, or property without due process of law?
5 & 14
Powers of government in the United States: The Federal government is government of
enumerated powers
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Again Social Responsibility:

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o Profitability- artificial; permit profit-making, not social
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o Unfairness- when they stray from their role
o Expertise- but doesn’t have talent for social actions
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Law and justice: Law aims for justice, but is no guarantee of justice
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The ethical decision making approach that views ethical decisions from the actor’s perspective
and then judges whether the decisions were ethical is: Situational Ethics
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An ethical decision making approach that looks to a central authority or set of rules: Ethical
Fundamentalism
The relationship of law and justice can be best described by: Without law, there can be no
justice
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Social Egalitarians believe: society should provide each person with equal amounts of goods
and services regardless of the contribution each makes to increase society’s wealth

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