Good Governance Prelims

an organization or economic system where goods and services are exchanged for another or money.

business vary in size, as measured by the number of employees or sales volume, but all businesses share the same purpose: to earn profits.

What is the goal of most business?

-          Set of principles or standard of human conduct that govern the behavior of individuals or organization.

-                  Set of principles or standard of human conduct that govern the behavior of individuals or organization.

-          The discipline that investigates the rightness and wrongness of human actions.

-          Defined as a systematic study of ethics applied to business issues.

-          In other words, it is a form of applied ethics.

-          Action – outcomes

-          Determined the moral rightness or wrongness of an action based on the actions consequences or result.

-          Action is morally right if the decision-maker freely decides to pursue either their desires (short term) or their interest (long term)-         

-          argues in the economic system that this pursuit of individual self-interest was acceptable because it produced a morally desirable outcome for society.

-          Motto: To maximize our utility