Podcast
Questions and Answers
What does the term 'advantageous comparison' refer to in ethical discussions?
What does the term 'advantageous comparison' refer to in ethical discussions?
- Justifying unethical behavior by comparing it to a more extreme example. (correct)
- Evaluating the average benefits of a decision.
- Creating a favorable rating system for products.
- Contrasting different ethical theories.
Which of the following best defines 'corporate social responsibility'?
Which of the following best defines 'corporate social responsibility'?
- The legal obligations imposed upon corporations.
- An organization's commitment to beneficial practices for stakeholders and society. (correct)
- An entity's reaction to market competition.
- A business's focus solely on increasing profits.
What is 'dehumanization' in the context of ethics?
What is 'dehumanization' in the context of ethics?
- Seeing people as less human to justify unethical treatment. (correct)
- Promoting humane treatment in competitive environments.
- Empowering individual rights in societal dynamics.
- Encouraging self-advocacy among marginalized groups.
Displacement of responsibility involves what kind of behavior?
Displacement of responsibility involves what kind of behavior?
What does the concept of 'moral awareness' entail?
What does the concept of 'moral awareness' entail?
What does 'horizontal price-fixing' involve?
What does 'horizontal price-fixing' involve?
Which of the following describes 'euphemistic labeling'?
Which of the following describes 'euphemistic labeling'?
Kantianism primarily focuses on which aspect of ethical behavior?
Kantianism primarily focuses on which aspect of ethical behavior?
What is moral disengagement?
What is moral disengagement?
Which of the following best describes price gouging?
Which of the following best describes price gouging?
What does the Triple Bottom Line measure?
What does the Triple Bottom Line measure?
What is utilitarianism primarily concerned with?
What is utilitarianism primarily concerned with?
Which practice involves sellers charging different prices for the same product?
Which practice involves sellers charging different prices for the same product?
What does virtue ethics emphasize?
What does virtue ethics emphasize?
Which of the following describes moral justification?
Which of the following describes moral justification?
What is predatory pricing aimed at achieving?
What is predatory pricing aimed at achieving?
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Study Notes
Ethics Vocabulary Overview
- Advantageous Comparison: Justifying unethical actions by comparing them to more severe situations.
- Bait-and-Switch: Advertising unavailable products to lure consumers into purchasing alternatives.
- Corporate Social Responsibility (CSR): Obligation of organizations to contribute positively to stakeholders and society.
- Dehumanization: Viewing individuals as less than human, justifying unethical treatment.
- Displacement of Responsibility: Defending actions by claiming adherence to authority figures' orders.
- Disregard of Consequences: Minimizing or ignoring the results of one's conduct.
- Ethics: Study of morality, examining appropriate behavior standards.
- Euphemistic Labeling: Using softer language to downplay harsh situations.
- Failure to Disclose Full Price: Not transparently advertising all costs associated with a purchase.
- Horizontal Price-Fixing: Illegal collaboration among competitors to set product prices.
- Idealism: Pursuing thought systems based on ideals and spiritual values.
- Kantianism: Ethical framework assessing actions based on their inherent morality, rather than outcomes.
- Law: Established rules governing public and private behavior.
- Moral Awareness: Recognition of ethical implications of one's conduct.
- Moral Disengagement: Justifying unethical actions by distancing oneself from ethical standards.
- Moral Judgment: Forming opinions on the ethicality of specific behaviors.
- Moral Justification: Rationalizing unethical conduct to appear acceptable.
- Predatory Pricing: Setting prices below variable costs to eliminate competition.
- Price Discrimination: Charging varying prices based on customers' willingness to pay.
- Price Gouging: Raising prices sharply in response to increased demand for necessities.
- Relativism: Belief in subjective moral truths, suggesting no absolute standards exist.
- Triple Bottom Line: Framework measuring an organization's performance across social, environmental, and financial responsibilities.
- Truth in Lending Act (TILA): Legislation ensuring fair mortgage lending practices and transparency of total loan costs.
- Utilitarianism: Ethical theory focused on actions that enhance overall happiness and reduce pain.
- Vertical Price-Fixing: Illegal influence by manufacturers on retail pricing strategies.
- Virtue Ethics: Philosophy emphasizing moral character development through the practice of virtues like honesty and courage.
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