Required information Skip to question Introduction Read the overview below and complete the activities that follow. Distinguishing Ethical Theories Ethics can be looked at from a variety of viewpoints. Two primary categories of ethics are presented in the text as well as multiple theories that fit within these categories. When contemplating a personal or business decision, it is important to be able to recognize how that decision will affect not only the decision maker but also any applicable stakeholders. Your understanding of how rules, strategies and decisions reflect ethical policy is crucial in the contemporary business world. CONCEPT REVIEW: The two principal systems that followed in Western civilization are formalism and consequentialism. Each system features a number of ethical theories. Recognizing the theory being utilized allows an individual or business to best understand the ramifications of their act.

Read the statements. Drag and drop each item into the most specifically correct spot on the chart. Each category should contain only two statements The Focus on the common good Lying itself is not unethical Good intent Modern economic theory Veil of Equal ignorance opportunity Thou shalt not steal Lying is wrong Golden Rule The end justifies the means Formalism Kant Duty Ethics Social Contract Theory Utilitarianism Consequentialism The Golden Rule Veil of ignorance Equal opportunity