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Business ethics
n/a
32
Business
Undergraduate 3
02/21/2013

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Term
psychological egoism
Definition
people are so inclined that they must behave selfishly
Term
personal egoist
Definition
everyone should pursue their own best interest
Term
impersonal egoist
Definition
every individual should let self-interes be their guide of conduct
Term
hedonism
Definition
pleasure is the only thing that is good in itself; the ultimate good; the only thing worth pursuing for its own sake
Term
moral worth
Definition
only when we act from a sense of duty does our actions have it
Term
categorical imperative
Definition
we should always act in a way that we can will the maxim of our actions to become a universal law (universability)
Term
maxim
Definition
THe subjective principle of an action, the princiiple that people in effect formulate in determining their conduct.
Term
hypothetical imperative
Definition
what we must do on the assumptio that we have some particular goal
Term
supererogatory actions
Definition
actions that it would be good to do but not immoral not to do
Term
moral rights
Definition
derived form some special relationships, roles, or circumstances in which we happen to be.
Term
human right
Definition
moral rights that are no the result of particle roles, special relationships, or specific circumstances
Term
rule utilitarianism
Definition
applied to the moral code as a whole not individual actions
Term
optimal moral code
Definition
what rules can reasonable be taught and obeyed as well as the costs of incalculating those rules in people
Term
ideal
Definition
some morally important goal virute or notion of excellence worth striving for
Term
justice
Definition
fairness; concerss fair treatment of members of groups of people or else looks backward to the fair compensation of prior injuries.
Term
declining marginal utility of money
Definition
the successive additions to one's income produce, less happiness or welfare that did earlier additions
Term
libertarianism
Definition
liberty is the prime value, and justice consists in permitting each person to live as he or she pleases
Term
entitlement theory
Definition
you are entitles to your holdigns if you have acquired them without violating other people's rights
Term
difference priciple
Definition
inequality only fine when it is for the less advantaged
Term
capitalism
Definition
econimic system in which the major portion of production and distribution is in private hands operatin under what is temed a profit or market system
Term
socialism
Definition
an economic sustem characterized by public ownership of property and a planned economy
Term
worker control socialism
Definition
a hybrid economic system advocated by some socialist
Term
mercantile capitalism
Definition
capitalism that is based on mutual dependence between state and commercial interest
Term
industrial capitalism
Definition
large-scale industry
Term
financial capitalism
Definition
characterized by pools, trusts, holding companies, and the interpenetration of banking, insurance, and industrial interests.
Term
state welfare capitalism
Definition
government plays active role in regulating economic activities in an effort to smooth out the boom and bust pattern of the business cycle.
Term
globalized capitalism
Definition
the increasingly worldwide scale of capitalism leads many contemporary commentators. .. more intergrated
Term
capitalism four features
Definition
existence of companies, profit motive, competition, and private property.
Term
free competition
Definition
regulator that keeps a community activated only by self-interst from degenetation into a mob of ruthless profiteers
Term
laissez faire
Definition
let people do as they choose
Term
alienation
Definition
the separation of individuals from the objects they createm which in turn relutls in ones separation form other people, oneself, and ultiamrely from one's human nature
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