Week 9 - Chapter 6

Introduction

In week 9's lesson, we looked at the topics of ethics and privacy. Here is some of the main concepts that stuck with me throughout this class.

Ethics

Ethics refer to the "principles of right and wrong that individuals use to make choice that guide their behaviour. There are four different approaches (or standards) towards ethics, this include:
Utilitarian approach - Action that achieves the greatest good or causes the least harm.  Rights approach - An ethical action is one that best protects and respects the moral rights of the people involved.

Fairness approach - An ethical action treats all persons equally, or if unequal, equitably, in accordance with some justifiable norm. Common good approach - An ethical action is one that benefits the entire community and is crucial for the well-being of all members, not just a few.

Privacy Privacy is the right to be left alone without unreasonable personal intrusion. In class, we examined the rules and regulations that safeguard people's privacy and safety. First, we looked at the Privacy Law, which was intended to protect an individual's personally identifiable information, and then we briefly examined the Privacy Act of 1988, which controls the use of personal information.

Summary Week 9's lesson discussed the characteristics of ethics and privacy. One of the main takeaways for me is to be cautious about how I share and safeguard my data. It's also a reminder to act ethically, especially in my future career (accounting), since there might be serious repercussions if I don't follow federal regulations. 

References:

Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, K. (2014). Management Information Systems,