SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
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Moral objectivism is the view that every individual has the same basic moral principles that valid for all situations at all time. This philosophy denounces moral relativism which is primarily concerned with the differences in moral judgments across different people and cultures. Essentially this view takes into consideration that there are various customs that are accepted and other that are not in different countries. One example is that it is wrong to hit or shove someone because you feel like
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My Moral Autobiography Junior year of high school I was diagnosed as having an eating disorder; I was anorexic which can be defined as "a serious‚ potentially life-threatening eating disorder characterized by self-starvation and excessive weight-loss" (http://www.nationaleatingdisorders.org). This definition does not mention that the effects of this can range anywhere from death to the inability to have children. This medical definition is broad and does not really encompass any of the mental
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The moral argument for God Philosopher Philip Hallie who has seen the suffering may argue in the existence of the God‚ because some suffering is even hard to listen. We can see many suffering in today’s world which may cause us to doubt for the existence of God. Atheist challenge God’s existence and states that the morality we pose is irrelevant to the existence of God. Gottlob Frege said “the “evening star” and “morning star” appear at different times of the day and so have different senses”
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Moral Absolutism a) Explain what is meant by Moral Absolutism. (25) Moral absolutism is an ethical theory which believes that there are absolute standards against which moral questions can be judged‚ and that certain actions are either right or wrong. Moral absolutists might‚ for example‚ judge slavery‚ war‚ dictatorship‚ the death penalty‚ or child abuse to be absolutely immoral regardless of the situations or beliefs of a culture that engages in these practices. Moral absolutism adopts the theory
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Assignment 1: MORAL REASONING Short Essay: Moral reasoning is individual or collective practical reasoning about what‚ morally‚ one ought to do. For present purpose‚ we may understand issues about what is right or wrong‚ virtuous or vicious‚ as raising moral question. When we are faced with moral questions in daily life‚ just as when we are faced with child-rearing questions‚ sometimes we act impulsively or instinctively and sometimes we pause to reason about what we ought to do. Much of our reasoning
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Student Number: 42068738 Code for Course: HBEDTL6 Assignment Number: 03 Unique Number: 887836 Academic Registration/Tuition Period: 00 Assignment Due Date: 30 July 2013 Examination Center: Pietermaritzburg (Code: 27316) Student’s Postal Address: P.O. Box 22 Glenside 3247 TITLE: Assignment 3: Using learning theory to understand and solve problems By Kerry Erskine 42068738 30 July 2013 List of Contents: Page 1. Section A: Factual Questions 4 2. Section
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Every organization should include good business ethics. Moral reasoning is integral part of business ethics. L. Kohlberg determined three levels of moral development that consists of six stages. The stages of Kohlberg ’s model relate to the qualitative moral reasoning adopted by individuals. According to this model‚ a person can not skip any stages and make headway sequentially. So‚ in this essay I will analyze Kohlberg ’s levels of moral reasoning‚ my own development concerning this model‚ how
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MORAL RESPONSIBILITY Moral responsibility is directed not only at judgments concerning right or wrong. Sometimes‚ they are directed at determining whether a person or organization is morally responsible for having done something wrong. Here we are discussing ‘Moral Responsibilty’ as a term which is used to express that a person is to blame for an action. A person is morally responsible only for those acts and their foreseen injurious effects which
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Yu Chen Professor Gaines ENGL 100 10/13/2014 The Moral of Drones Bradley Jay Strawser’s "The morality of drone warfare revisited" discusses his argument in support of using drones. The audience is the government. His thesis is that drone strikes may cause less collateral damage than bombing‚ but that is not an argument for current US targeted killing policy. Mark LeVine’s “When philosophers join the kill chain” discusses the negative side of drones. The audience is the scholars. His thesis is that
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