Business Ethics
Written Assignment for Module 2
1. Shaw and Barry distinguish two different forms of utilitarianism. What are these two forms. Briefly describe each and use examples.
Act Utilitarianism and Rule Utilitarianism are the two different forms of utilitarianism that Shaw and Barry distinguish. Utilitarianism refers to the greatest happiness principle for the most amounts of people. Act utilitarianism “states that we must ask ourselves what the consequences of a particular act in a particular situation will be for all those affected. If its consequences bring more net good than those of any alternative course of action, then this action is the right one and the one we should perform” (Shaw and Barry, pg.60). I look at this
In Wilt Chamberlain’s contact it stated that he would get X amount for each ticket purchased, due to his talent of playing basketball. Over the course of the year he is entitled to a portion of the tickets sold. Wilt Chamberlain become very wealthy as a result of the amount of tickets sold and his contact with the team he played for since his contact stated he get X amount for each ticket purchased. He has every right to become wealthy and acquire money as a result of the free choice of people voluntarily purchasing the basketball tickets to see him play. This is an example of how the money exchanged was rightfully acquired.
What is principle of justice in transfer? A good example of justice of transfer would be if a landowner justly owns twenty acres of property and he freely sells ten acres to his neighbor for a specific amount of money. This would be justice of transfer since the landlord is willing to sell the property and his neighbor is willing to purchase and they both agree on the terms. The landowner would now have ten less acres of property but he would be X amount wealthier and his neighbor will now have ten additional acres and X amount less. Both parties agreed on the terms and neither leave worse off than prior to the transaction.
What is principle of rectification of injustice? Basically how to restore something to its rightful owner, in case of injustice in either acquisition or transfer. A good