Ethics At the Individual Level
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 54 rapid-fire Q&A cards.
Terminal Values — Meaning / Examples?
Meaning: An ultimate goal we desire to achieve in our lifetime — a desirable end-state of existence; Examples: Comfortable life, world peace, self-respect, family security
Instrumental Values — Meaning / Examples?
Meaning: A tool or means for acquiring a terminal value — core, permanent traits forming personal character; Examples: Being polite, obedient, honest, self-controlled, ambitious
Form — Moral Standards / Moral Norms?
Moral Standards: Expressed as principles or maxims; Moral Norms: Expressed as general rules or statements
Example — Moral Standards / Moral Norms?
Moral Standards: "Honesty is the best policy"; Moral Norms: "Always tell the truth"
Function — Moral Standards / Moral Norms?
Moral Standards: Express what is right / good / desirable; Moral Norms: Direct how one should act in practice
What is The Golden Rule?
is also called the Ethic of Reciprocity — the return of small favours that are almost equal in value.
1 — Ingredient / What it means?
Ingredient: General Purpose; What it means: Identify the ethical goal or objective one is trying to achieve
2 — Ingredient / What it means?
Ingredient: Raise Questions; What it means: Identify issues and formulate the key ethical question, keeping relevant viewpoints in mind
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