By W. Michael Hoffman, Robert E. Frederick, Mark S. Schwartz
The 5th variation of enterprise Ethics addresses present, fascinating, frequently advanced matters in company morality via fifty three readings and 30 pertinent case reviews. Now considerably up-to-date, it contains new top articles, comparable present circumstances, and mini-cases in keeping with MBA scholar dilemmas. * Addresses a vast variety of the most up-tp-date, exciting, frequently advanced concerns and circumstances in company morality * offers neutral, point-counterpoint shows of alternative views at the most crucial and hugely contended problems with company ethics * up to date and important case stories are integrated to enhance pupil studying * Now comprises mini-cases according to genuine MBA pupil dilemmas * every one writer has sizeable adventure in instructing, writing, and undertaking examine within the box
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Additional info for Business Ethics: Readings and Cases in Corporate Morality
Let us say that an act that causes the 22 ge ne ral introduction greatest total amount of pleasure for everyone affected by the act, or the least amount of pain, maximizes utility. This gives us the following utilitarian principle: Hedonistic Utilitarianism: An act is ethically permissible if and only if it maximizes utility. Acts that do not maximize utility are not ethically permissible. For example, suppose Jones can do either A or B but not both, and that Jones, Smith, and Brown are the only people affected by A and B.
Suppose Jones and Smith are siblings, and Jones knows that even if she takes the pill she will die within a few months from some other painless but fatal ailment. If Smith takes the pill, however, he will be completely restored to health and will likely lead a long and happy life. Now suppose Jones decides to let Smith take the pill. How should Jones’s action be evaluated? Most of us would probably think that she made the right decision, and that she should be praised and respected. At the very least she should not be condemned for acting unethically.
But we can imagine him asking, “Exactly what will make me happiest? Is it fame, fortune, knowledge, reputation? How can I know in advance what will maximize my happiness? ” [T]he ultimate end, with reference to and for the sake of which all other things are desirable (whether we are considering our own good or that of other people), is an existence exempt as far as possible from pain, and as rich as possible in enjoyments. e. that the only thing of intrinsic value for humans is pleasure and the avoidance of pain.