Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
Ethics Vs. Morals |
Morals - Principles or habits with respect to right or wrong conduct. While morals also prescribe dos and don'ts, morality is ultimately a personal compass of right and wrong. Internal: Individual |
|
3 Major Ethics Areas
|
Applied Ethics - concerning what a person is obligated to do. Normative Ethics - concerning the practical means of determining a moral course of action. |
|
Normative Ethics |
Relating to a norm, especially an assumed norm regarded as the standard of correctness.
Normative statements: make claims about how things should or ought to be, how to value them, which things are good or bad, which actions are good and bad. |
|
Ethical Egoism
|
Does not require moral agents to harm the interests and well-being of others when making moral deliberation. Acknowledges that current self-interest may be at odds with the future self-interest. Recognizes that individuals may be parts of greater wholes. (a person may be an employee of a corporation.) |
|
Globalization
|
The process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. |
|
Enablers of Globalization
|
ICT: Time, Distance, Population |
|
Transportation
|
Goods from China or India can be delivered within 24 hours. Produced at lower cost because US labor is more expensive than the cost of shipping materials/parts to Asia and shipping the manufactured goods back to the US. Rapid distribution at a lower cost than if they were produced in the US. |
|
ICT
|
|
|
Pros of Globalization
|
Lower manufacturing costs = higher profits Global engagement Increase in Global Living Standards Those in most need, benefit most. Cultural expansion International Harmony |
|
Cons of Globalization |
Few employment opportunities in the US Local responsibility and obligation Decrease in living standards locally Many in need in US suffer Cultural disruption Global consequences: climate change, pandemics, financial crisis, political instability. |