Chapter 1 - Impossibility of Seperation Thesis

Question 1

What is the seperation thesis?

Answer 1

The belief that there is a genuine difference between business facts and moral values.

Question 2

What is the problem with business nad morals?

Answer 2

The problem is that facts and values are often intertwined and can’t be seperated easily.

Question 3

What are descriptive statements?

Answer 3

They are facts about the world.

Question 4

What are normative statements?

Answer 4

Tell us how the world ought to be. Moral statements.

Question 5

Is the seperation thesis noramative or descriptive?

Answer 5

It is either descriptive meaning that business and ethics do not go together or it is normative meaning business shouldn’t be ethical.

Question 6

What is the truth about separation thesis?

Answer 6

Since business facts can’t be seperate from moral values and since it is neither descriptive or normative

business ethics cannot be sperated.

Question 7

What are three points of business ethics?

Answer 7

1. Ethics is essential to the functioning of the business world and market. Unethical businesses do not last long.
2. Ethical practices are what make a business viable and adaptable. Unethical ones usually cost more long term.
3. Business ethics is everyones business. How a business acts affects everyone.

Question 8

What are 3 questions to keep in mind?

Answer 8

1. Am I doing the right thing?
2. Am I doing it the right way?
3. Am I doing it for the right reasons?

Question 9

How to analyze Case Studies?

Answer 9

1. Recognize event, decision issue.
2. Think before you act.
3. Decide on a course of action.
4. Test your decision. (Review ethical questions)
5. Proceed with confidence.

Question 10

What are ethical questions to consider?

Answer 10

• Is it legal
• Does it feel right
• How would it look in the newspaper
• Who else is impacted
• Would you be embarassed