Lecture 1 Ethics


Restaurant cost-benefit analysis – Keeping practice



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Ethics PHIL 2203 NOTES
Restaurant cost-benefit analysis – Keeping practice
Costs Potential lawsuits from customers Costs associated with turnover (training/advertising) Decrease in revenue if customers found out Benefits Lower costs of raw materials (larger profit margin) More sales revenues because customers like the food Less waste – lower input costs because the customers prefer the higher fat food She is manipulating the demand → misinformation. People are demanding her product because they think it is healthy. She is creating demand for her product by lying. Need an argument now as to why one outweighs the other Benefits outweigh costs as benefits is concrete and costs are hypothetical Costs represent risks benefits represent something concrete
Further Considerations
How hard does one search for rule violations
• Make sure you state any obvious ones
• Don’t spend too much time trying to work a rule What if no rules are broke
• This is possible
• On test → You should probably state the rules and briefly explain what they are and then say none is being broken.
Adam Smith Capitalism March 10
Objection: Capitalist Analysis
Trolley Car Dilemma
It doesn’t apply to everything.
➔ Yes, it doesn’t have wide-ranging applicability. But it’s meant to fit within one of society’s domains commercial

MbA style-analysis of Trolley Car dilemma

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