MIS Ch. 3

Fundamental Tenets of Ethics:

Responsibility, Accountability Liability

Common Good Approach

highlights the interlocking relationships that underlie all societies. This approach argues that respect and compassion for all others is the basis for ethical actions.

Liability:

is a legal concept that gives individuals the right to recover the damages done to them by other individuals, organizations, or systems.

Rights Approach:

maintains that an ethical action is the one that best protects and respects the moral rights of the affected parties.

Responsibility:

means that you accept the consequences of your decisions and actions.

Fairness Approach:

posits that ethical actions treat all human beings equally, or, if unequally, then fairly, based on some defensible standard. For example, most people might believe it is fair to pay people higher salaries if they work harder or if they contribute a greater amount to the firm.

Accountability:

refers to determining who is responsible for actions that were taken.

Utilitarian Approach:

states that an ethical action is the one that provides the most good or does the least harm.