ETHICAL LEADERSHIP BUSI 3002 latest exam question and
answer graded A+
Adam Smith - CORRECT ANSWER Business practice is egoistic, but Adam Smith and
others believe that it is also utilitarian because the pursuit of self-interest promotes the
good of society.
Aristotle's formal principle of justice - CORRECT ANSWER we are required, as a
formal principle of justice, to treat similar cases alike except where there is some
relevant difference.
Aristotle's Theory of morality - CORRECT ANSWER Just as there is an ideal of
excellence for any particular craft or occupation, similarly there must be an excellence
that we can achieve simply as human beings. He believed that we can live our lives as
a whole in such a way that they can be judged not just as excellent in this respect or in
that occupation but as excellent, period. Aristotle thought that only when we develop our
truly human capacities sufficiently to achieve this human excellence will we have lives
blessed with happiness.
Bentham and John Stuart Mill - CORRECT ANSWER Pleasure as an intrinsic good
Bentham and Mill had different conceptions of pleasure, but they both equated it with
happiness and believed that pleasure was the ultimate value.
Consequentialism - CORRECT ANSWER Moral rightness determined by results
Do all the right you can
Acts are morally right because they maximize the goodness in the world
Humans derive their moral worth from the consequences of their actions
Distributive Justice - CORRECT ANSWER the proper distribution of social benefits
and burdens (in particular, economic benefits and burdens)
Divine Command Theory - CORRECT ANSWER if something is wrong then the only
reason it is wrong is that God commands us not to do it
Egoism as a psychological theory - CORRECT ANSWER Asserts that all actions are
selfishly motivated and that truly unselfish actions are therefore impossible.
"we should assist others when doing so best promotes our own interests."
Ethical Egoism - CORRECT ANSWER Each person ought to pursue only his/her own
self-interest, an obligation to pursue solely what's best for oneself.
answer graded A+
Adam Smith - CORRECT ANSWER Business practice is egoistic, but Adam Smith and
others believe that it is also utilitarian because the pursuit of self-interest promotes the
good of society.
Aristotle's formal principle of justice - CORRECT ANSWER we are required, as a
formal principle of justice, to treat similar cases alike except where there is some
relevant difference.
Aristotle's Theory of morality - CORRECT ANSWER Just as there is an ideal of
excellence for any particular craft or occupation, similarly there must be an excellence
that we can achieve simply as human beings. He believed that we can live our lives as
a whole in such a way that they can be judged not just as excellent in this respect or in
that occupation but as excellent, period. Aristotle thought that only when we develop our
truly human capacities sufficiently to achieve this human excellence will we have lives
blessed with happiness.
Bentham and John Stuart Mill - CORRECT ANSWER Pleasure as an intrinsic good
Bentham and Mill had different conceptions of pleasure, but they both equated it with
happiness and believed that pleasure was the ultimate value.
Consequentialism - CORRECT ANSWER Moral rightness determined by results
Do all the right you can
Acts are morally right because they maximize the goodness in the world
Humans derive their moral worth from the consequences of their actions
Distributive Justice - CORRECT ANSWER the proper distribution of social benefits
and burdens (in particular, economic benefits and burdens)
Divine Command Theory - CORRECT ANSWER if something is wrong then the only
reason it is wrong is that God commands us not to do it
Egoism as a psychological theory - CORRECT ANSWER Asserts that all actions are
selfishly motivated and that truly unselfish actions are therefore impossible.
"we should assist others when doing so best promotes our own interests."
Ethical Egoism - CORRECT ANSWER Each person ought to pursue only his/her own
self-interest, an obligation to pursue solely what's best for oneself.
