Business Ethics Assignment Total 100 Marks Paper 1. Explain the conditions of Kant for Moral Law? Ans. : Kant states the following conditions for Moral Law: A. For a rule to me a moral rule‚ it must prescribe to us categorically and not hypothetically. A moral rule prescribes what we ought to do without reference to any purpose or consequences. A hypothetical prescription or imperative only tells us what we ought to do if we wish to achieve certain code ends. So naturally‚ if we did not
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WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on
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Enron- Examining a Business Failure University of Phoenix Organization Leadership LDR/531 Mr. January 12‚ 2010 Enron- Examining a Business Failure How did a multibillion dollar company arrive to the point of non existence? Was it the lack of organizational structure? Or maybe the lack of ethical management and leadership? One thing is certain and that is Enron has given the world a glance at how a leader within the energy industry‚ could have it all one minute‚ yet in a blink of
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The WorldCom Fraud © 2003‚ 2005 by the AICPA This presentation is intended for use in higher education for instructional purposes only‚ and is not for application in practice. Permission is granted to classroom instructors to photocopy this document for classroom teaching purposes only. All other rights are reserved. Copyright © 2003‚ 2005 by the American Institute of Certified Public Accountants‚ Inc.‚ New York‚ New York. WorldCom’s Background • Awoke the sleeping giant by leading the telecom
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the actions taken by WorldCom managers not detected earlier? What processes or systems should be in place to prevent or detect quickly the types of actions that occurred in WorldCom? The first reason is that both internal audit and external audit of WorldCom were not performing their role as intended. Generally‚ internal audit mainly focus on the reliability of financial reporting and the effectiveness of operations‚ and reports directly to the Board of Directors. In WorldCom‚ however‚ internal audit
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Enron and World Finance A Case Study in Ethics Edited by Paul H. Dembinski‚ Carole Lager‚ Andrew Cornford and Jean-Michel Bonvin Enron and World Finance Also by Observatoire de la Finance From Bretton Woods to Basel Finance & the Common Good/Bien Commun‚ no. 21‚ Spring 2005 Ethics of Taxation and Banking Secrecy Finance & the Common Good/Bien Commun‚ no. 12‚ Autumn 2002 Will the Euro Shape Europe? Finance & the Common Good/Bien Commun‚ no. 9‚ Winter 2001–2 Dommen‚ E. (ed.) Debt Beyond
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ENRON Principles of Accounting Enron Key Players KENNETH LAY Former Enron chairman JEFFREY SKILLING Former Enron CEO DAVID DUNCAN Former Andersen partner NANCY TEMPLE Andersen lawyer THOMAS WHITE Secretary of the Army SHERRON WATKINS Enron vice president Enron started about 29 years ago in July 1985 in Houston‚ Texas.. A energy economist named Kenneth Lay became the CEO of Enron. Mr. Lay was a very optimistic
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. Enron senior management gets a failing grade on the truth and disclosure and a passing grade on arrogance and greed. For Fifteen years Enron was a paper tiger with few questions ever asked concerning its earnings profitability or business practices. The deceit and deception by Enron management seems to be the environment of a divisive marketing campaign that Kenneth Lay‚ Jeffery Skilling and Andrew Fastow hide while touting Enron. In reality Enron was one of the greatest Ponzi schemes to date
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“What is Business Ethics?” Essay Posted on July 5‚ 2012 1 Introduction Dated back to Code of Hammurabi some 4‚000 years ago‚ business ethics is a social science‚ whose main aim is to define and examine the responsibilities of businesses and their agents as a part of the general moral environment of a given society. The products of this field of research are sets of rules and codes of conducts‚ which serve as a means of protection from the possible infringements of moral codes as a result
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Ethics and Education: OVERVIEW: The study of ethics is essential for a good education for various reasons. In this essay‚ I will discuss those reasons in detail and provide examples. For one‚ it teaches students to become better individuals by teaching them to abide by society’s rules and regulations. It also teaches students to lead by example and be better leaders. Most important of all‚ it also helps students deal with conflicts in the present and future. Before I start to tell you what the
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