Term
| What is the ownership problem with natural rights ethics |
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Definition
| that it is unclear who or what has the rights |
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Term
| What is the relation between risk and reward |
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Definition
| The more reward the more risk |
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Term
| What percentage of American Businesses are small |
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Definition
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Term
| Per employee how many more patents does small business create compared to big businesses? |
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Definition
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Term
| Where did our system of common law come from? |
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Definition
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Term
| Waht are the three general steps in a common law case? |
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Definition
| Investigate the facts, explore prior similar decided cases, and identify the principles that apply in the case |
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Term
| Waht is the difference between an intrinsic good and an extrinsic good? |
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Definition
| An ultimate good is something desireable in and of itself while an instrumental good is desirable as a means to get something else |
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Term
| What is the desire satisfaction theory |
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Definition
| That you are happy when you get something you want and that the only time you are happy is when you get what you want |
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Term
| What is the difference between EE and PE? |
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Definition
| PE tells us how we in fact act while EE tells us how we should act. |
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Term
| What are the three postulates of public choice theory? |
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Definition
| That everybody in the political process is self interested that politicians have little incentive to use the public resources efficiently for the common good, and that the voters are generally unaware of the details of the proposed legislation |
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Term
| Which two thinkers are most identified with utilitarianism |
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Definition
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Term
| What is the justice problem with act utilitarianism |
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Definition
| That AU would approve of some acts that seem clearly wrong |
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Term
| What is rule utilitarinism |
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Definition
| an act is right IFF it accords with those rules which, if generally followed would lead to the best results for everyone |
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Term
| Waht is Kant's Categorical Imperative |
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Definition
| An act is right IFF the rule under which it falls can be universalized |
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Term
| Waht is Kant's Ends formula? |
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Definition
| You should always treat other people as ends and not means |
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Term
| What is the exception problem with rule utilitarianism? |
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Definition
| that with any moral rule we can formulate, there always seem to be possible cases where it would be right to break that rule |
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Term
| What is the name most assc with modern rights ethics? |
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Definition
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Term
|
Definition
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Term
| What is the harm principle? |
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Definition
| You have the right to do what you like as long as it doesn't injure others |
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Term
| What is the justice problem with NRE? |
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Definition
| That it seems that even when you are acting with your rights, and not violating other people's rights, you can still do immoral things |
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Term
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Definition
| An act if right IFF it is what a virtuous person would do |
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Term
| What is Aristotle's doctrine of the golden mean? |
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Definition
| Every moral virtue is a mean between an excess and deficit of emotion |
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Term
| What is the conflict problem with virtue ethics |
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Definition
| That the same person can have conflicting virtues |
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Term
| Small business generate what percent of net new jobs? |
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Definition
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Term
| What does the principle of ought implies can say? |
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Definition
| That to say someone is morally obliged to do something presupposes that he or she is physically capable of doing it |
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Term
| What are objective list theories? |
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Definition
| Theories that equate happiness with the possession of certain real things |
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Term
| What is the justice problem with Kantian theory? |
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Definition
| That Kantian theory allows some acts that seem wicked |
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Term
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Definition
| A company set up and controlled by govt but which private investment is allowed |
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Term
|
Definition
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Term
|
Definition
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Term
| Waht are the three common defenses against a claim of tort? |
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Definition
| That the harmed party was engaged in a crime, that he was negligent too, or that the harmed party agreed to the act |
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Term
| Waht are the two branches of ethics narrowly defined? |
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Definition
| Ethical theory and applied ethics |
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Term
| What does meta-ethics deal with? |
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Definition
| What moral claims mean, and how we can prove them |
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Term
| Waht does a theory of moral obligation aim to do? |
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Definition
| Explain which actions are morally right and wrong? |
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Term
| What are the three branches of business ethics? |
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Definition
| Gen. corp ethics, prof ethics, and international bus ethics |
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Term
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Definition
| a company owned by the workers in it, the consumers of its products/services, or the member retailers |
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Term
| Put in order of who gets paid off in a bankruptcy liquidation? |
|
Definition
lien holders
unpaid employees
tax agencies
bondholders
stockholder |
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Term
| What is a small business? |
|
Definition
| Has less than 500 employees |
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Term
| What are the four sources of American law? |
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Definition
| Statute, constitutional, common, regulatory |
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Term
| What are the three branches of common law? |
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Definition
| property, tort, and contract |
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Term
| What is the loser pay system law? |
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Definition
| The loser in a common law case must pay the legal expenses of the winner and himself |
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Term
| Waht does the principle of universability say? |
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Definition
| That if you judge someone morally for an action, you have to judge everyone morally like that person in a similar way |
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Term
| What is the theory of hedonism? |
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Definition
| All ultimately desirable things are pleasures, and all pleasures are ultimately desirable. |
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Term
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Definition
| That somethign is right for a person IFF it leads to the best results for him overall |
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Term
| In modern philosophy, which two thinkers are most assc with EE? |
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Definition
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|
Term
| What is the principal agent problem? |
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Definition
| That when people hire agents to work on their behalf, it is hard to get the agents to really do so |
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Term
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Definition
| The risk that an institution can unintentionally alter peoples behavior for the worse in an agreement by distorting their cost/benefit anaylses |
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Term
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Definition
| That an action is right for a person IFF it leads to the best consequences for everybody affected |
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Term
| What is natural rights ethics? |
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Definition
| An act is right iff it is ithin your rights, but doesn't violate the rights of anyone else. |
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Term
| What does a theory of non moral worth aim to do? |
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Definition
| Explain what we all ultimately should be after in life, and how we get it. |
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