Ethical issues in the retail pharmaceutical industry: An analysis of the ethical dilemmas faced within Chaguanas Drug Mart Limited Abstract: The ethical duty of a pharmacy is to promote a patient’s best interest. However‚ certain obvious ethical issues will arise. Within any business involved in bulk purchasing the issue of unconscious theft will also occur. The following paper focuses on the application of ethical theories that supports as well as argues the behavior within Chaguanas Drug Mart
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The discussion on Moral Philosophy and ethics has always been a controversial and vey debatable topic. John Stuart Mill believed in an ethical theory known as utilitarianism. Kant and Mill both articulate thought that praise the use of reason as the ultimate good‚ that which leads to enlightenment and a general understanding and certainty‚ as Mill would put it. The two philosophers‚ while both striving to reach the same goal‚ ultimately achieve their goals in a different sense‚ and even demonstrate
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John Stuart Mill would definitely be in favor of abortion‚ because it coincides with his ideas of utilitarianism. The situation of the pregnant teenage girl I think follows all three principles of utilitarianism. The first principle is consequentialism which states that the moral rightness of an action should be judged based on the results. It might sound wrong to kill a fetus‚ but in the end it results in a better life for both. The second principle‚ hedonism‚ states the ultimate end of all
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that it is always looking for the greatest good for the greatest number. This means that the majority will always benefit. This is a good strength as it is a system that looks to maximise pleasure for the greatest number. The fact that it is consequentialism is also a strength as when we act it is only natural to weigh up the consequences. Utilitarianism’s acceptance of the universal principle is essential for any ethical system. It is important to go beyond your own personal point or view. The idea
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and completely maximize ones own self-interest or interests. The “opposing theory” Utilitarianism‚ states that an action must be one that produces the most good overall or to all those affected. Utilitarianism and Ethical egoism are forms of consequentialism in that; the right choice is based entirely off the consequences that are produced. Ethical egoism however‚ is a normative philosophical view‚ in that it describes how people “should” act in a situation. Ethical egoism is completely different
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that the ultimate goal of government and all of morality was the advancement of public welfare (Postema‚ 2006). This theory of political morality consisted of four components: communal consequentialism‚ social welfarism‚ individual welfarism‚ and compositionalism. The first component‚ communal consequentialism‚ describes morality as being the basis of promoting the public welfare of the community. Social welfarism is understood as the concerns of the community‚ based on the “good of the community”
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Final word count: 1597 A. THE CATEGORICAL IMPERATIVE For this case‚ I will be using Kantian ethics to pinpoint the rationally correct action to take. Before discussing Kantian ethics in relation to the case‚ we must first explore what Kantian ethics is. Kantian ethics comes from the deontological school of thought‚ which focuses on the moral correctness of the act in itself (Johnson‚ 2013). This means that the judgment on the act is done a priori. This is contrasted to the consequentialist school
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Birmingham Business School Masters in Business Administration - International Business Module Title: Global Business Ethics Banner Code: 07 21262 Title: Business Ethics : Utopian visions of a more ethical and sustainable world Date: November 2010 Word Count: (3500) Written by: Folashayo E. Onibere Table of Contents 1.0 Introduction 3 2.0 Business and Ethics – Definition 4 3.0 Business Ethics
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Critically evaluate how and to what extent should management recognise corporate social responsibility extending beyond the boundaries of the organisation Corporate Social Responsibility (CSR) is a wide ranging area of study. All companies have- “Economic‚ social‚ ethical and environmental responsibilities‚ some of which require compliance with the law others requiring discretionary action to ensure that the company does not knowingly operate to the detriment of society” – McIntosh et al‚
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Business Ethics Project: “The Ethics of Taxation Trilogy: Part II – The Buffett Rule and The Ethics of a Millionaire’s Tax” Course: Investments Instructor: William Callahan Summary Часть Алишера Problem This problem was discovered by famous investor and billionaire – Warren Buffet. In his situation‚ he informed us the main points of “millionaire’s tax”. He explained us‚ that in 2010 he paid tax rate of 17.4%‚ when other peoples who worked in office with less revenue paid much higher tax rate
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