Foxconn Ethical Analysis: In order to run a profitable business‚ maximize shareholder value‚ and incorporate an ethical framework‚ management style is very important. Management includes using a firms resources in order to conduct various tactics to achieve the firms overall strategy. Each tactic carried out within a firm needs to have a ethics framework enforced through management to provide the stakeholders with an effective business developed through conscious and sincere decision making
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2011-2012 Assessment 1 Nick would be suing Angela claiming the full arrears and the return of the car. Nick can only succeed if he can prove there is no consideration. Consideration can be defined by Sir Frederick Pollock‚ approved by Lord Dunedin in Dunlop v Selfridge Ltd [1915] AC 847 where each party must give something in return from what is gained from the other party; ‘An act or forbearance of one party‚ or the promise thereof‚ is the price for which the promise of the other is bought
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Considerations for Compensation and Benefits Abstract Compensation is one of the most important considerations perspective employees will make prior to accepting a job offer. For this reason‚ another performance of Human Resource (HR) professionals is the compensation analysis. The focus of the analyst in this position is to use strategy in formulating compensation and benefits packages that are attractive and conducive to maintaining talented employees (Editorial Board‚ 2011). As another critical
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Company Assessment: An Analysis of CitiGroup 1 Company Assessment: An Analysis of CitiGroup Introduction With origins dating back to 1812‚ Citigroup (Citi) is a global diversified financial services holding company providing both individuals and institutions with a broad range of financial products and services. These services include; consumer banking and credit; corporate and investment banking; securities brokerage; transaction services; and wealth management. Headquartered in Manhattan
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promises to pay Ryan $1000 for his efforts Issue: Is there any consideration for the promise made by Richard? The Law: Every contract requires an offer‚ acceptance‚ and consideration. Consideration is the exchange of benefit and detriment‚ for example‚ the making of a promise in exchange for an act. If a party voluntarily acts and then the other party makes a promise‚ the act is said to be “past consideration.” A past consideration is some act or forbearance in time past by which a man has benefited
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arguments of deontological ethical theory would disagree. According to deontological ethical theory‚ human beings are morally obligated to act according to certain set principles and rules regardless of the outcome of the
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confidentiality now faces an ethical dilemma: if she keeps her promise to the girl‚ she may not get the proper follow up care and support to treat her illness‚ and if she breaks her promise‚ she has violated the ethical principles of fidelity‚ and autonomy (Nathanson‚ 2000). This paper will discuss the ethical implications of breaches of confidentiality‚ and how the ethical theory of teleology helps to determine the best course of action. Using the 6-step process of ethical decision-making from Purtilo
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Evaluate the recent trends on the ethical considerations and social responsibilities of multi-national companies. Corporate Social Responsibility (CSR) is a concept whereby organizations consider the wellbeing of the public by taking responsibility for the effect of their actions on all stakeholders; customers‚ employees‚ shareholders‚ communities and the environment in every aspect of their operations. This responsibility is seen to extend beyond the statutory obligation to comply with legislation
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Upon reading The Ethical of Offshoring Clinical Trials‚ three factors were driving pharmaceutical companies to host clinical drug trials overseas. The factors were lower cost‚ willingly to participate in trials‚ and a larger pool of patients. People that are overseas are more than likely to participate in trials since they would rather have an expensive medicine than to not have any at all. While the likeliness of participating in trials‚ it also increases the larger pool of patients. The larger
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Ethical relativism is a concept in which most simple minded individuals adhere to. As a broad definition‚ ethical relativism is a theory where morals are determined by each person rather than a general census. This can be divided up into two parts; ethical subjectivism and cultural relativism. Ethical subjectivism is described as moral judgments based on an individual’s personal values and feelings. To go beyond the individual‚ cultural relativism is a theory where beliefs are juxtaposed with
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