utility Approach
. A method of ethical or moral reasoning that focuses on society and the net consequences that an action may have. If the net result of benefits minus costs is positive, the act is considered ethical; if the net result is negative, the act is considered unethical.
What is the slippery slope of ethics quizlet?
An argument that assumes that taking a first step will lead to subsequent steps that cannot be prevented
. Two forms of the fallacy: 1.
What is the best definition of common sense as a practical ethical test?
What is the best definition of common sense as a practical ethical test? …
People can do unethical things and still think of themselves as ethical people.
What is defined as the charitable donations of profits and resources given by corporations to nonprofit organizations?
What is defined as the charitable donations of profits and resources given by corporations to nonprofit organizations?
Social responsibility
.
Charity planning
.
Corporate philanthropy
.
What did Milton Friedman believe quizlet ethics?
u.s. economist Milton Friedman believed that
the only social responsibility of the corporation was to its stockholders
.
How do you know if you lack common sense?
A person may be considered to be lacking in common sense if they continue to believe or do something when there is evidence to
suggest they would be better off thinking/acting differently
. We often say that such a person is “set in their ways” and unable to change.
What are examples of common sense?
Examples of common sense
Making practical decisions and informed judgments based on the facts presented in reality
is an example of “common sense.” Analyzing a scenario and making logical and clear decisions based on experience – leads to an optimal outcome.
What is an example of a slippery slope argument?
An example of a slippery slope argument is the following:
legalizing prostitution is undesirable
because it would cause more marriages to break up, which would in turn cause the breakdown of the family, which would finally result in the destruction of civilization.
What is a slippery slope in ethics?
The slippery slope argument
views decisions not on their own, but as the potential beginning of a trend
. In general form, this argument says that if we allow something relatively harmless today, we may start a trend that results in something currently unthinkable becoming accepted.
What is a slippery slope argument quizlet?
Slippery slope fallacy.
An argument that rests on an unsupported warning that is controversial to the effect that something will progress by degrees to an undesirable outcome
. We should not require gun owners to carry liability insurance , because if we do that, before long they will repeal the second amendment.
What are the advantages and disadvantages of non profit organizations?
- Advantage: Employee Commitment. …
- Disadvantage: Limited Funding. …
- Advantage: Intrinsic Rewards. …
- Disadvantage: Social Pressure. …
- Advantage: Financial Benefits. …
- Disadvantage: Public Scrutiny.
What is difference between 501c and 501c3?
A 501(c) organization and a 501(c)3 organization are similar in designation, however they differ slightly in their tax benefits. Both types of
organization are exempt from federal income tax
, however a 501(c)3 may allow its donors to write off donations whereas a 501(c) does not.
What qualifies as not for profit?
To qualify as a nonprofit, your business must serve the public good in some way.
Nonprofits do not distribute profit to anything other than furthering
the advancement of the organization. … An individual or business that makes a donation to a nonprofit is allowed to deduct their donation from their tax return.
What did Milton Friedman believe in?
Milton Friedman was an American economist who believed in
a free market and less government involvement
. In contrast to the Keynesian theory, Friedman subscribed to monetarism, which highlighted the importance of monetary policy and that shifts in the money supply have immediate and lasting effects.
Are insiders who report illegal or unethical behavior?
Whistleblowers —
Insiders who report illegal or unethical behavior.
Why do businesses care about ethics quizlet?
Business ethics are a reflection of the standard of business that either an individual or business uses when conducting transactions. Business ethics are important because they
add a line of defense to protect the company
, enable company growth, save money and allow people to avoid certain legal implications.
