Ethical Theories

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Ethical Theories

Business 670

Legal Environment

August 10, 2010

The purpose of this paper is to discuss Ethical theories and their foundations from this week’s reading material. One is to describe the theories, discuss plus add one more that is not in the book. To understand l theories one needs to know understand that a theory is based on observation or testing, there is really no right or wrong answer to what a theory is. One does need to understand what is ethical? Ethical is basically the understanding of what one has learned throughout the years, the thought process of right or wrong. Sometimes we may feel that something is not ethical, but based on the facts and other details it is considered ethical.

What is the meaning of Ethical being in accordance with the rules or standards for right conduct or practice, esp. the standards of a profession? One may not always agree what the company accepts as ethical, but in theory it has worked and will continue to work until one discovers another theory. Ethics is based on a set of moral and ethical values. These values must be absolute - that is, you must take them seriously enough to override any human rationalization, weakness, ego, or personal faults. When all else fails, you will always look back to these core values to guide you. Unfortunately, life is not that easy and there's always disagreement about what values should reign supreme. What does Theory mean in philosophy, refers to contemplation or speculation, as opposed to action? Theory is especially often contrasted to "practice" (Greek praxis, πρᾶξις) a concept that in its original Aristotelian context referred to actions done for their own sake, but can also refer to "technical" actions instrumental to some other aim, such as the making of tools or houses. (From Wikipedia, the free encyclopedia)

In the reading of the chapters it talks about the four ethical theories that is discusses is the Rights theory, Justice Theory,...
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