Q.3. Is there anything else that can be done to curtail this sort of egregious business behaviour (scandals) other than legislation? Legislation is a good method to guide and regulate the business behavior. Besides‚ the education is very important. If the whole society and the whole business world can have the good consciousness and ethical environment‚ the legislation may not so important. Q.4. In each case discussed at some length in this chapter – Enron‚ Arthur Andersen‚ WorldCom‚ and Bernie
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Case Study 2.3 Bernie Madoff and the Biggest Swindle in History Discussion Probes‚ p. 73 1. What unhealthy motivations drove Madoff to defraud investors and betray his friends? The motivation is selfishness. This is based on noted greed (extravagant lifestyle and the need to continuously take more money)‚ narcissism (feeling of entitlement and ignoring welfare of others)‚ and Machiavellianism (manipulation of others for self-gain‚ creating positive impressions while he gets what he wants).
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We live in the era of technology‚ technology has advance for many years from simple items such as an oil lamp to electric lights. There has been such a vast change in technology and in life as well. Thanks to technology and its predictability‚ man has come to know more about the world and also him. Furthermore‚ technology has made life so easy‚ transportation‚ and communication has greatly advanced and it is possible to engage in conversation with a number of people all in different parts of the
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Introduction Bansky is a famous London street artist. Bansky has done many illicit stencil and graffiti art. Graffiti is a scribble or drawing done with a spray paint can. Stencils are a sheet of paper or cardboard with cut outs to make a guide‚ stencils are used to make art faster and easier with spray paint cans when done the art work has been stenciled. Bansky is unverified and has gotten away with all his illicit art work. Bansky does many politically based artwork. Bansky has a network of 2
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April Marshall CASE STUDY THREE questions -- 1. I believe the main ethical issue arises from a generalized lack of concern in certain areas. I do believe that the issue was brought to light way before it was exposed‚ it always is. The concern never takes to find an exit into the profit is dried-up‚ and this case the profit was enough to keep it quiet for strongest they could stand. The dilemma rises up within honesty and the power that was abused. 2. I believe he had help‚ even though he
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4. Martha Stewart’s Lost Reputation Discussion of ethical issues 1. What was the basis of Martha Stewart’s reputation? 2. Why did MSO’s stock price decline due to Martha Stewart’s loss of reputation? 3. Who is Martha Stewart’s target market? 4. What qualities were associated with the Martha Stewart brand‚ before the controversy? Which of these were affected by the accusations of insider trading‚ and how? How would you find out for sure? 5. What level of sales and profits would MSO have
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We are living in a so called "technologically civilized" society. Every small work we do is technology dependent. The concept of technology does not come to us as a surprise‚ since we have been depending on technology for decades. Ultimately‚ we can say that‚ “living without technology is like living without air" in this technical world of today and we are much dependent on technology. The most important characteristics of our era may be the transformation‚ transmission and domination of information
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Motifs in Psycho In the film Psycho there are many reoccurring motifs such as birds‚ mirrors‚ and voyeurism‚ which are implemented by Hitchcock and often may be unnoticed by the viewer. Mirrors frequently appear throughout the movie‚ for example when the bathroom mirror reflects on the money Marion has taken. Probably the most noticed use of mirror is when Marion’s sister sees her reflection in two mirrors and is startled because she thinks someone is behind her. Voyeurism is also a reoccurring
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Technologies for the New Generation As technology continues to grow‚ we slowly became more reliant and addicted to it. Technology was created to increase productivity but many abused it for some sort of entertainment. In the article‚ “Technology taking a toll on a reality‚” by Brit Lamm‚ she discusses the effects of modern technology. Technology improved the quality of our lives but at the same time it became an addiction and obsession. In today’s standard‚ technology has become a necessity and
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Cheating is always wrong Society provides many examples of grown people cheating; from card games to relationships‚ sports‚ politics‚ academics‚ employment and the list goes on. A common phrase is “If you’re not cheating you’re not trying”. Cheating is so common it worked itself into the very fabric of American life‚ permeating nearly everything we come into contact with; “well everybody else does it” some say. While there is no doubting the argument made by those who invest their entire life
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