Philosophy seeks to explain everything through human reason alone. There are three main approaches to ethics in philosophy: teleological ethics judges actions based on their results; deontological ethics judges actions based on their inherent goodness; and virtue ethics judges character not actions. Additionally, there are two main theories of ethics: absolutism holds that some things are objectively right or wrong regardless of culture; relativism holds that morality is relative to culture and time period. Relativism can justify bad actions while absolutism can lead to intolerance.

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Aysel Muradlı, Business Administration

2. Application of
ethical norms into
the economic or
business relations.

3. Religion
Law
Unwritten
Moral
Rules
Code of
Conduct
Philosophy
Philosophy

4.  Origion of the word- Greek words, “philos”(love), “sophia”
(wisdom). Philosopher-who Loves the Wisdom
 Definition- It is a science that seeks to explain the
ultimate cause of everything by the use of human reason
alone.

5.  Teleological or Consequentialist ethics
 If the result of an action is right, then the
action is right itself.
 Deontological ethics
 If an action is good, then the result of this
action will also be good.
 Virtue ethics
 It doesn't judge actions as right or wrong but
rather the character of the person doing the
actions.

6.  The Absolutist theory is the theory that certain things are
right or wrong from an objective point of view and cannot
change according to culture.
 The relativist theory is the theory that there are no
universally valid moral principles. All principles and
values are relative to a particular culture or age.

7. When you steal something…
o In Absolutist ethics- You must be punished
regardless with the situation.
o In Relativist ethics- You can be justified if you
can not earn your living.

8.  Relative ethics-can justify
anything, even bad ones-
“this is a right thing to do”
“because everybody does it”
 Absolute ethics- can lead to
intolerance.