Assignment 1

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1) Read chapters One through three of your textbook
2)Compare and contrast the Existentialism and Contractarianism framework Compare: Both existentialism and contractarianism frameworks are two of the three deontological frameworks outlined in chapter one. Deontological frameworks focus on the duty or obligation in determining whether the actions are right or wrong.

Contrast: Existentialism focuses on individual behavior while contractarianism focuses on society as a whole. Existentialism highlights that the only person who can determine right and wrong is based on the free will of the person making the decisions. As a result, duty is connected with actions meaning each individual determines the value of his/her actions. Contractarianism, or social contract theory, highlights that individuals agree to social contracts to be members within society. As a member of society, each individual agrees to certain social norms. As a result, the values and norms developed by society must be fair to everyone who is a member of society.

3)Compare and contrast Teleological, Deontological, and Mixed Frameworks Compare: Teleological, Deontological, and Mixed frameworks are each foundational philosophies towards ethical conduct.

Contrast: Teleological frameworks focus on the results of the conduct of the individual and the ramifications, positive and negative, resulting from the actions and conduct of individuals. Deontological frameworks focus on duty or obligation in determining whether the actions are right or wrong. Mixed frameworks combine theories from both teleological and deontological frameworks. Mixed framework theory supports that through the seven guiding principles listed below, individuals develop a level of intuition that becomes incorporated in their decision-making processes. The seven guiding principles pull from both the teleological and deontological frameworks. The seven guiding principles include:

Fidelity- based on deontological theory and states that an individual needs to keep explicit and implicit promises. Reparation- based on deontological theory and states that an individual must act on repairing the consequences for previous wrongful acts. Gratitude- based on deontological theory and states that an individual must be able to show gratitude for the kindness that others have given to him/her. Justice- based on deontological theory and states that an individual should try to see that any goods are fairly distributed. Beneficence- Based on teleological theory and states that an individual should focus on trying to improve the lives of others. Self-improvement- pulls from both deontological and teleological theories and states that an individual should improve oneself by focusing on virtue and intelligence. Noninjury- based on teleological theory and states that an individual should not cause any harm to others.

4)Compare and contract the guiding principles of the Global Business Standards Codex and the Mixed Framework principles. Compare: Both the Mixed Framework and Global Business Standards Codex principles are standards that attempt to promote fairness and to interpret and evaluate ethical behavior.
Contrast: The Mixed framework principles focus on individuals, but the Global Business Standards Codex principles focus on companies around the world.

The mixed framework principles were defined in the question above, but here are brief definitions for each of the Global Business Standards Codex:

Fiduciary Principle- Each officer and director of a company has the legal obligation to act in the best interest of the stakeholders and other employees within the firm. Property Principle- based on the belief that every employee should respect property as well as the rights of the owners of property. Reliability Principle- based on the belief that it is the employee’s responsibility to honor the commitments he or she makes to the firm. Transparency Principle-...
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