Reference no: EM132578400
1. If your business is like most others, you're going to need some money to get it up and going, more money than you've got right now. That means you'll need to find a partner for your venture, someone to help you get the cash together and then run things afterward. Would you prefer a utilitarian, an altruist, or an egoist for your partner? Why?
2. Do you think the invisible hand would be in effect for your business? Just by trying to make money, do you imagine you'd end up improving people's lives? If this business works, is it even possible that you'd help others more than you would by volunteering time for a charity organization? Elaborate.
3. Assume that doing well in society and not just doing well (making money) is important to you. Within the business you have in mind, with which of these three options do you suspect you'd accomplish more general good?
o Just making money and trusting the invisible hand to take care of the rest
o Making money and donating part of it to charity-that is, to people specialized in serving the general welfare
o Attempting to do good within your business by, for example, buying recycled materials or by paying wages slightly above what people could get for the same work at other companies
4. Be able to describe the following types of ethical theories.
a. consequentialist theories
b. deontological theories
c. virtue ethics