ETHICS IN CONTRACTS Abstract: When creating a contract‚ a negotiator is not only doing so to reach an agreement between two or more parties‚ but to create an agreement that is durable; whereby parties of the contract are legally bound and committed to its promises . “A legally binding contract is defined as an exchange of promises or an agreement between parties that the law will enforce‚ and there is an underlying presumption for commercial agreements that parties intend to be legally
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Accounting Ethics Accounting ethics is primarily a field of professional ethics‚ the study of moral values and judgements which are applied to the accountancy. “Accounting ethics can be defined as a set of distinct guidelines for a business to maintain clean balance sheets‚ accounting for their profits‚ losses and expenses incurred and prevent it from mishandling financial reports and statements” (Buzzle 2011). The nature of the work carried out by accountants and auditors requires a high level
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"business ethics" is one of the hot topics of the day. Over the past months we have seen business after business charged with improper practices that violate commonly accepted ethical norms. This has led to a loss of confidence in corporate management‚ and has had severe economic consequences. Business ethics serves the important social function of integrating business and society‚ by promoting the legitimacy of business operations‚ through critical reflection. The social function of business ethics is
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Business Ethics and Issues Ethics Ethics is a branch of philosophy which seeks to find answers about the moral concepts like bad‚ good‚ evil‚ right‚ wrong‚ etc. According to OEC (2011) ethic is defined as “a moral philosophy which is concerned with what is right or wrong‚ good or bad‚ fair or unfair‚ responsible or irresponsible‚ obligatory or permissible‚ praiseworthy or blameworthy”. Many scholars have associated it with the various feelings and emotions like guilt‚ indignation‚ empathy etc
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Deontological Ethics in Location-based Social Media There are so many location aware applications on my “smart” phone; I do not know how I could have lived without these features. There are applications that tell me where is the closes gym that I am a member of. There are applications that give me information on the weather of the current city. There are even applications that will locate the closest “driver” to taxi me wherever I want to go. And of course‚ all these can be shared on facebook
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Kent Spencer Finance 550 Professor Ahn May 12‚ 2013 Mini Case Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre‚ a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she
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privacy rights vs. public ’s right to know. I chose three cases that all are connected to this issue but in very different aspects. Case Study I Ethical issue involved: The ethical issue involved is privacy rights vs. public ’s right to know. The problem is this case is that a reporter is sent to do what she feels is invading someone ’s privacy rights and her boss is trying to force her to doing this. Background of case: The case involves the reporter for the Detroit Free Press‚ Jennifer
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Defining Ethics Ethics are the basis for decisions about what is right or wrong. To behave in an ethical fashion means to make choices that embody right behavior rather than wrong behavior. Legality and Ethics Activity can be: | Example | Illegal and unethical | Stock brokers who "churn" stocks‚ repeatedly buying and selling stocks to gain personal commissions without the client’s best interests in mind | Legal and unethical | Selling legal products (for example‚ heavily sugared cereal to
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Photojournalism and digital imaging ethics Photojournalism‚ present day finds itself standing at the proverbial crossroads. Will digital imaging technologies and public cynicism lead to its downfall or will journalists rise to the challenge by practicing a new more credible form of visual /photo journalism. Ethical blunders by such journalistic icons as National Geographic and TIME have all contributed to visual journalism losing credibility with the public. It was only a hundred years ago that
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Steve Byars June 8th‚ 2011 Assignment 1 – Ethics and Business Executive My personal definition of business ethics would be a set of moral principles that a company or a business adheres to. This set of codes are self-determined by the company which then operates its business accordingly. It could also be defined as a set of rules that the company uses as a guideline for making decisions on issues that are moral-based. To me‚ business ethics are highly normative‚ basically meaning that
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