BUS 223 Final: BUS 223 – Exam Review
Document Summary
Pays significant dividends in organizational structure and efficiency. Opposing argument to social responsibility and ethics: businesses the comply with the law is sufficient for their duty to be ethical, doing anything more is philanthropy or charity. The law isn"t always ethical" ethical responsibilities may counter the law. Law only prohibits the most serious ethical harms but does not legally require acts of charity, common decency, and personal integrity (in other words, law prevents harms but doesn"t promote goods") The law can not cover every new dilemma that businesses might encounter. As new things arise, we rely on ethics first before laws come out. Believing that compliance is enough relies on a misleading understanding of the law. The law is not clear cut and unambiguous. Practical reasoning reasoning about one ought to do. Theoretical reasoning - what one ought to believe. Skepticism about business ethics is typically skepticism about moral motivation in a business context.