Business Ethics-Written Assignment for Module 2

Powerful Essays
Business Ethics
Written Assignment for Module 2
1. Shaw and Barry distinguish two different forms of utilitarianism. What are these two forms. Briefly describe each and use examples.
Act Utilitarianism and Rule Utilitarianism are the two different forms of utilitarianism that Shaw and Barry distinguish. Utilitarianism refers to the greatest happiness principle for the most amounts of people. Act utilitarianism “states that we must ask ourselves what the consequences of a particular act in a particular situation will be for all those affected. If its consequences bring more net good than those of any alternative course of action, then this action is the right one and the one we should perform” (Shaw and Barry, pg.60). I look at this as to mean when choosing between two alternative acts in a situation then the right act is the one that brings the best result or the most happiness, basically the consequences of a single act. Rule utilitarianism “maintains that the utilitarian standard should be applied not to individual actions but to moral codes as a whole. The principles that make up that code would then be the basis for distinguishing right actions from wrong actions” (Shaw and Barry, pg.77). I look at this to me at measuring the consequences of the act repeated over and over again as if it was a rule whenever there are similar situations.
2. What do economists mean by the "declining marginal utility of money"?
Declining marginal utility of money stated by Shaw and Barry as “simply means that successive additions to one’s income produce, on average, less happiness or welfare that did earlier additions” (Shaw and Barry, pg.112). I look at this as with every additional dollar or good, the value and happiness declines, the additional dollar or good loses its initial feeling or worth compared to the previous additions. A good example would be someone would really enjoy a piece of chocolate cake, and if offered a second piece they may agree that they would

You May Also Find These Documents Helpful

  • Satisfactory Essays

    ETHICS ASSIGNMENT #2 Domino’s Delivers Q.1) Compare the various pizza restaurant chains. Do you agree that fast delivery is the only competitive advantage Domino’s has? If so, explain the implications. Ans Dominos Pizza has various marketplace opponents such as Papa Johns, Pizza hut, NYC Pizza, Pizza Inn. In providing services, Dominos Pizza have a tiny edge over its competitors’ and dominos providing the best quality service by delivering Pizza in half an hour. Other competitors have high prices…

    • 349 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    TUI University Lisa Tanner Module 2 Case Assignment Ethics 501: Business Ethics and Consequentialism Professor: Dr. Bonnie L. Adams Introduction We’re studying business ethics and every day when we go in our places of business we see so many people such as mangers, leader, and assign shift leaders lacking the knowledge of ethics. We have so many people not living in the deontological ethic world. Their living in their own world doing what they have to do no matter who it affect as long…

    • 1718 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    MODULE 2 ASSIGNMENT 2

    • 827 Words
    • 3 Pages

    MODULE 2 ASSIGNMENT 2 NAME :SMRITHI R PH: 9551060099 1. Montessori has become a very popular name in the recent times. What are the qualities a person should have to imbibe the real Montessori spirit? Ans. A Montessori directress is one who guides the children and helps them learn. A person involved in the Montessori house of children should have certain traits which will help them deal with children and help them to learn and grow. A person should have the following qualities : Be the connection…

    • 827 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Should any constraint be put on a business if they decide to export capital for production abroad? A business should be able to export capital for production abroad without any limitations or interference from any government or public organization. A business is in business to make money for its shareholders or stakeholders. If it is more profitable for a business to export capital for production abroad it is completely within their right to do so. Any government or public interference is a violation…

    • 903 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Written Assignment 2

    • 1288 Words
    • 5 Pages

    accounting for the asbestos litigation liability and determine the appropriate accounting literature for Rossi’s recognition and measurement of the asbestos litigation liability. Relevant Literature Accounting Standards Codification 450-20-25-1 & 2 Loss…

    • 1288 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Business Ethics Module 9

    • 361 Words
    • 2 Pages

    The concept from course 15 module six that I found most important is ethical behaviors. According to course 15 ethics is behavior based on personal and organizational values. These values guide you through making judgements between right and wrong, and these judgements are what make up ethical behaviors. I think this is the most important concept for several reasons. First and foremost, it sets the tone for ethical conduct within an organization. It does so in a top down fashion, and through…

    • 361 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Accounting 102 OL Written Assignment 2 Complete the following end-of-chapter exercises and problem, and submit your answers to your mentor. Chapter 14: - Exercise 14.1, page 662 - Exercise 14.2, page 662 - Problem 14.6A, page 670 Chapter 14: ● (Learning Objective 1)Exercise 14.1, page 662 (Percentage Changes) Selected information taken from the financial statements of Maxum Company for two successive years follows. You are to compute the percentage change from 2010 to 2011 whenever possible. Round…

    • 1026 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    WEEK 2 Written Assignment

    • 757 Words
    • 3 Pages

    WEEK 2 Written Assignment I’m thinking no more than 1-2 paragraphs each for 3 & 4. 1. List the qualities (at least 6) that define life AND discuss how a single-celled organism, such as an Amoeba or a yeast cell, and a more complex one, such as a tree or a cat, matches up with each characteristic 1. Living things have cells. 2. Living things grow 3. Living things reproduce 4. Living things respond to stimuli 5. Living things use energy 6. Living things adapt to their environment A single celled…

    • 757 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    CELTA Assignment 2: Language analysis sheet Name: Michael Humeniuk Date:__October 13, 2012____________ |Context and analysis of meaning/use |Anticipated problems |CCQs | | | |If…

    • 269 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Ethics 2

    • 494 Words
    • 4 Pages

    11407294 Harika • 11413431 Burhanuddin Nazami • 11406819 Azaruddin Case study “who killed the electric car?” Is the title of a 2006 documentary film by Chris Paine. CONTENT Introduction Reason(dead of electric car) Problems Recommendation Business ethical points Conclusion Introduction Introduction The first electric car were build around 1832, “Who Killed the Electric car?” The film focused on the EV1 model created by General Motors in the 1990s. General motors, was one of the largest…

    • 494 Words
    • 4 Pages
    Satisfactory Essays