BSB111 Lecture Notes - Concurrent Powers, Lower House, Bicameralism
Document Summary
Ethics is concerned with how we should behave. Theories describe the right way to make a decision. Morality consists of what persons ought to do to conform whereas ethical theory concerns the philosophical reason for and against aspects of social morality. Some may say that business ethics is incompatible with the business" goal of making a profit. Law doesn"t cover everything, it is impossible to predict all situations. Ethical theory operates at stage 5 and 6. Approaches to ethical theory: egoism - supreme principles is to promote one"s well being. Would cause chaos and greed: utilitarianism - moral worth of actions is determined by their consequences. An action is right is if leads to the best possible balance of good consequences: kantian ethics - actions are morally right or wrong independent of their consequences. For an action to be a moral action it must be:
