Karla Reyes

MM4B

1. Ethics is important in a business because it is the one governing the actions of
the businessmen and the consumers. It is the one which we look up to when we
do anything business related. It is the one which tells us the acceptable and the
unacceptable in our dealings and transactions. It helps our moral reasoning and
gives us a philosophical analysis of a situation.
2. Ethics has no place at all in business is not true because ethics is what makes
a business functional and successful. Businesses tackle many forms of industry
and different kinds of people. To be able to reach out to these people, a business
should have work ethics. It is what separates them from a trustworthy to a bogus
form of business. If a business has ethics in its workplace, they are one step
closer to success.
3. Not all that is legal is moral, but what is moral is worth legalizing. This
statement strikes me as a heavy declaration. It is true that not all that is legal is
moral; an example would be abortion in the US. For them it is legal to kill a life
that is growing in the womb of a mother which is immoral. The line what is moral
is worth legalizing is true. It is moral to have a freedom for yourself to choose
who you want to spend the rest of your life with, either with a girl or a boy and for
me this is worth legalizing. Some might disagree with me but I am speaking with
an open-mind with the issue presented.
4. Business Ethics is the study of what is the right and wrong human behaviour and
conduct in business. For me, Business Ethics is a vital component of a business
entity. Its what helps employees, owners and consumer determine the right way
to do their business without compromising the right of one another. Its what
governs their actions for the company to be able to grow and prosper.
5. Ethics is the unwritten law written in the hearts of men. This means that ethics
cannot be only in written form but it can also be determined by anyone within
himself/herself. If a situation does not feel right to someone then it means they
are doing something unethical or immoral. We are the ones who can discern
whether an act of others is right or wrong.
6. For me, Profit-Motive in a business is just natural. I agree that it is moral to want
your business to give you profit because it is the nature of business, getting
money. Profit is the motivational factor of a business. If there is no profit in a
business, then the business is not productive, thus it should close. Profit is what
the owners get back for their efforts and ideas. Its the measure of the
productivity of ones company.
7. I disagree with his idea that the only responsibility of business is to just maximize
profits. For me, there is also a responsibility of a business to give back to its
community. Like having outreach programs, donating to charities and offering
employment to those who badly needs it. It is good for a business to earn but in
turn, it should also mind its employees in terms of their health care, financial
capacities and their wholeness as a human being. Their responsibility also
includes uplifting moral norms.
8. The Catholic Churchs stand on profit-motive is not really negative. They are
opposed to companies that makes profit the heart or the purpose of their
business if the company generates it through good dealings and not through
illegal means.
9. For me, reasonable profit is where the company generates its income without
having a right of the consumers violated. It is where the consumers has their right
being honoured and the company is not setting up unreasonable conditions or
prices. The company is also establishing their business as they set their prices
within the capacity of the people that consumes the product or service that they
render.