Ethical Theories

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Main focus of utilitarianism?

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Results of an action

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Ethical theory suggesting the greatest good for the greatest number.

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Utilitarianism

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Kantian ethics principle guiding actions

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Categorical imperative

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Key problem with utilitarianism in business

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Not everyone has a choice

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Aristotle’s virtue ethics defines happiness as the aim of life achieved through practical wisdom.

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Aim of life = practical wisdom

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Distinction between rule and act utilitarianism

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Rules lead to good outcomes

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Kantian ethics: respect for persons means?

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Treating humanity as an end in itself

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Virtue in virtue ethics

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A practiced character trait

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Goal of cost-benefit analysis in utilitarianism?

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Determine if an action's benefits outweigh its costs.

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Utilitarianism considers:

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Consequences for everyone involved