Wednesday, April 6, 2011

Different Theories of ethics

Utilitarianism. The philosophy used in making ethical decisions that aims to achieve the greatest good or benefits for the greatest number. A person using this philosophy would try to figure out the impact of all the alternative actions on every one concerned and then choose the alternative that creates the most satisfaction for the most people.
Individual rights. The philosophy used in making ethical decisions that aim to protect human right and dignity.
Justice. The philosophy used in making ethical decisions that aims to ensure the equal distribution of burdens and benefits.
Location of business means the place where business firm is established and controlled.
The business where it is registered may be its location. The registered office is the location of the business. Locational theory has been based on the assumptions that profit maximizing firms will seek the optimum location. This is the site at which production and transport costs will be minimized.

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