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Ethics: Risk, Benefit, Deceit

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1. In assessing risk to benefit, on what bases do you make the ultimate determination of how much risk is acceptable and how much benefit is
necessary?

2. How do you determine when and under what circumstances deceit is allowable? What is the criteria that must be met?

3. It has been said that the end never justifies the means used to achieve it. Discuss examples in history where this principle was violated. What do you think went wrong?

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Solution Summary

The solution is a comprehensive discussion on the issue of risk in relation to benefit as well as a discussion if 'deceit' is justifiable and allowable in a particular business or personal undertaking. The solution also discusses the principle of 'the end justifies the means' from a moral viewpoint by looking at examples in history (i.e. The Crusades). The solution follows the APA-format with references, a word version is attached for easy printing.

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Dear Student,
The solution below is concise and comprehensive. I am only putting some assumptions up by defining the main terms in each question in relation to ethics. If you have a particular ethics problem, you can use this guide as a basis to arrive at possible acceptable solutions/scenarios. Good luck!

Sincerely,
OTA 105878/Xenia Jones
---------------------------------

Risk Benefit Analysis

How does one look at a particular situation and assess it according to the ratio of benefits vs. risk? What is the ultimate determinant of acceptable risk? How does one decide if the actions to be taken are ethical? In a personal situation, man is usually non-quantifying when it comes to the personal relationships he or she established with family and friends. Yes, there are boundaries but then again, there are certain social institutions that ensure we undertake a lot of risk for people we care about. Our parents for example would go far to provide for their children. In poor countries parents migrate out to first world countries to work dangerous and lowly jobs, going for years not seeing their family but slaving to provide for their children back home at great risk to their health, both mental and physical and the possibility of a deteriorated relationship with their children and family members, especially since the daily ties that bind parents and children cannot happen anymore when they are out of reach. To parents who leave however this is acceptable risk - ...

Solution provided by:
Xenia Rochelle Jones, MA, PhD (IP)
Education
  • MPhil/PhD (IP), Open University, Milton Keynes, UK
  • MA, Open University, Milton Keynes, UK
  • Certificate, Geva Ulpan (via Universita Tel Aviv)
  • BA, University of the Philippines
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