1. Sam has to make an ethical decision immediately. He faces a dilemma of whether to send the fax as Linda tells him to do or not to commit Linda’s command. If he sends the fax‚ he will violate business ethics and his personal religion ethics. The consequences may involve both the loss of Sam’s personal moral prestige and the collapse of FirstAmerica’s corporate reputation among the financial industry. If he doesn’t send the fax‚ he will disobey his direct superior Linda with risk of ending his
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ILLUSTRATION BY AJAY MOHANTY Prisoner’s Dilemma Two men attempting a burglary with a weapon‚ A and B‚ are caught‚ with insufficient incriminating evidence for the burglary. They are questioned separately and not allowed to communicate. If both deny the burglary‚ they escape a 10-year sentence and will be imprisoned for two years for possession of a weapon. A is told separately that if B pleads guilty and A does not‚ B will get a reduced sentence of four years‚ while A will get 10. So A has an
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Abstract Ethical dilemmas are a natural part of a human service provider’s career. In this paper we will explore the steps to identifying and solving an ethical dilemma. We will review statements from the Ethical Standards for Human Service Professionals‚ specific to client confidentiality. We will review the following four steps: Identify the Problem‚ Consulting with Colleagues or Experts‚ Identifying and Exploring Options‚ and Choosing a Course of Action. We will explore how each of the
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Ethical Dilemma 1) Do the end justify the means? Parties involved: Garreth Welch- Chairman and group CEO‚ 59 years old Richard Deakin- President of West Coast Operations and CEO of Columbia Solutions Catherine Simpsons- head of Sales at Columbia Solutions Ray Wilson- Financial Controller at Columbia Solutions The Company: A medium-sized corporation which owns a number of IT and media related companies in Canada. Garreth Welch founded the corporation. His business style is to identify
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Orwell’s Dilemma In a typical work environment‚ the authority figures‚ or the managers‚ are inclined to assert pressure on the employees to ensure their job is executed according to plan. Occasionally‚ the managers may take arbitrary actions that are evidently unnecessary and abusive. In the perspective of the subordinate this is deemed unjust and is the main source of their frustration. These denunciations only depict the managers as baseless‚ evil creatures that derive pleasure from their subordinate’s
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Reference: Hülsmann‚ M.; Grapp‚ J.: Dilemmas of a Sustainable Strategic Management - Options for a Corporate Balancing Efficiency and Sustainability by Autonomous Cooperation in Decision Making Processes. In: Melnyk‚ L. (ed.): Mechanism of Economic Regulation‚ 2/2005‚ pp. 66-79 Title: Dilemmas of a Sustainable Strategic Management Options for a Corporate Balancing Efficiency and Sustainability through Autonomous Co-operation in Decision Making Processes Authors:* Prof. Dr. Michael Hülsmann
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Prisoners Dilemma Introduction The topic of my thesis‚ I chose the issue of non-cooperative economic games‚ specifically the so-called "Prisoner’s Dilemma". Game theory falls in microeconomics and therefore mainly in the economic analysis. It gives us an analysis of the way in which two or more entities interact‚ choose strategies that simultaneously influence each actor. The greatest credit for the development of economic games have mathematician John von Neumann. Game theory can be used both
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Ethic 232 February 27‚ 2013 Ethical Dilemmas in the Protect of Medical Privacy This ethical dilemma paper I wanting to discuss the issue that I have seen in my current profession as a Nurse’s Aide. In my profession I have come across patients that have the active HIV/AIDS virus and have not told their partners‚ husband‚ or wife that they have this sexual incurable disease. Yet‚ because of laws that I am to abide by such as HIPAA I cannot release that information to their significant other
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Assignment 2 Prisoner ’s Dilemma Since the beginning of the history humans have been competing for their benefits. It is the basic instinct we have until we are dead. Even to born there is a race between cells. I think prisoners dilemma situation is the best example for that instinct. Kollocks (1990) declared that people are trapped by the Prisoner ’s Dilemma only if they treat themselves as prisoners by passively accepting the suboptimum strategy the dilemma locks them into‚ but
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THE ROLE OF AUDITORS IN THE CONTEXT OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally
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