Week 5 E-Commerce: What are Basic Principles of Ethics?

Week 5 E-Commerce
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The basic principles of ethics
Ethics is related to the principles that help to establish the right course of action. According to Laudon & Traver (2013), the golden rule, universalism, slippery slope, collective utilitarian principle, risk aversion and no free lunch are the basic ethical principles
Universalism: Means that when an action is not right for all situation
Golden Rule- “Do unto others as you would have them do unto you, “
Slippery Slope- The notion that once something has been started it is difficult to stop it
Collective Utilitarian Principle- “This is the principle that one should choose actions that add the greatest value”
Risk Aversion- “Taking the action that has the least harm or cost,”
No Free Lunch- “This is the assumption that both tangibles and intangibles are owned by someone else except if there are specific declarations”
Safe harbors
Safe harbors are private policy agreements that govern the enforcement of government regulations and objectives but without government enforcement (Levine & McAteer, 2003). This is mostly for U.S companies that need to protect the privacy of users and comply with European standards. Industry players come together they identify policies that facilitate self-regulation to protect the safe harbor enforcement mechanisms (Levine & McAteer, 2003). Governments have a supervisory role to oversee the activities of the ...