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Such examples are quite common and can include cases from everyday life, stories, or thought experiments, like Sartre's student or Sophie's Choice discussed in the section on examples. [10] The strength of arguments based on examples rests on the intuition that these cases actually are examples of genuine ethical dilemmas.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Since the 1960s, applied ethics has revived the ideas of casuistry in applying moral reasoning to particular cases in law, bioethics, and business ethics. Its facility for dealing with situations where rules or values conflict with each other has made it a useful approach in professional ethics, and casuistry's reputation has improved somewhat ...
Another example is descriptive business ethics, which describes ethical standards in the context of business, including common practices, official policies, and employee opinions. Descriptive ethics also has a historical dimension by exploring how moral practices and beliefs have changed over time.
In addition, certain contracts are required by state law to be in writing (real estate transactions, for example), while others are not. [2] Wade and Honeyman [3] describe a ‘durable’ contract as one in which all parties substantially perform without abandonment and without resorting to legal proceedings. With only anecdotal evidence, it is ...
It can also refer to the tendency to assume there is a perfect solution to a particular problem. A closely related concept is the "perfect solution fallacy". By creating a false dichotomy that presents one option which is obviously advantageous—while at the same time being completely unrealistic—a person using the nirvana fallacy can attack ...
Satisficing also occurs in consensus building when the group looks towards a solution everyone can agree on even if it may not be the best. Example: A group spends hours projecting the next fiscal year's budget. After hours of debating they eventually reach a consensus, only to have one person speak up and ask if the projections are correct.