Ethics Case

Define the following concepts:

1. Ethics - the discipline that examines one's moral standards or the moral standards of a society to evaluate their reasonableness and their implications for one's life.

The study of morality's effect on conduct: the study of moral standards and how they affect conduct. A definition would be a person's ability to know right from wrong.

2. Business ethics - A specialized study of moral right and wrong that concentrates on moral standards as they apply to business institutions, organizations, and behavior. Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment.

3. Preconventional morality - The child can apply the labels good, bad, right, and wrong. This is the first level of the stages of moral reasoning. In this stage, a person decides whether or not they will choose to do an action based on those actions consequences.

4. Conventional morality - in this stage, a person sees moral right and wrong in terms of living up to the conventional norms of his or her family, peer group, or society. In this stage, a person makes a decision based on an accumulation of morals, what people might think or expect of them, and the norms of the groups around them.

5. Autonomous mortality - a moral system based on the concept of the independence of moral principles and demands from any conditions, interests, and goals external to morality as such. The ability of a person to make their own decision about something without any outside influence from moral principles, demands from a condition, interests, goals, etc..

6. Moral reasoning - the reasoning process by which human behaviors, institutions, or policies are judged to be in accordance with or in violation of moral standards. The ability for a person to reason with themselves about the morality of a behavior or a policy, and whether that action, behavior, or policy is in agreement with their morals. A definition for moral reasoning that would not be appropriate for this class would be the ability to reason about whether something is moral or not moral.

7. Consistency requirement - consistency also refers to the requirement that one must be willing to accept the consequences of applying one's moral standards consistently to all persons in similar circumstances. Consistency requirement is the requirement of a person accepting that there will be consequences to voicing their moral standards consistently. That consequence could be the loss of a friend, a status that has been achieved, or respect from people who do not hold a similar or some moral standard.

8. Ethical relativism - ethical or moral relativism is the theory that there are no ethical standards that are absolutely true and that apply or should be applied to the companies and people of all societies. Ethical relativism means that what is ethical norms change from company to company, state to state and country to country. There is no possible way to state that a certain standard must reign true for all, because social norms and ethical norms are different all over the world.

9. Moral responsibility - the term moral responsibility is sometimes used to mean "moral duty" or "moral obligation". The kind of moral responsibility that book is talking about is not like the moral responsibility of it being a duty or obligation, it is talking about something has happened and there is a person at blame for it. A person is morally responsible for something that has happened, which implies that the person had some ability to chance what has happened before it happened.

"Ethics has no place in Business". Discuss this statement and defend your stand.

I personally feel that there is a place for ethics in business. From the stand point of a company, what hope would a company have if not for ethics? Ethics make it possible for owners to hire and fire people based on their actions. Companies make their employees sign a code of ethics for the reasons that if the employee does not conduct themselves according to those ethics and standards, they