Business Ethics: Concepts and Cases‚ 7/e Velasquez ©2012 / ISBN: 9780205017669 Chapter begins on next page > PLEASE NOTE: This sample chapter was prepared in advance of book publication. Additional changes may appear in the published book. To request an examination copy or for additional information‚ please visit us at www.pearsonhighered.com or contact your Pearson representative at www.pearsonhighered.com/replocator. PART ONE Basic Principles BUSINESS ETHICS IS APPLIED ETHICS. IT
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which may never happen. The first argument as to why BP should close the plant is that it will be in the best interest of the shareholders. BP has stated that any refinery that was not “world class” with net margins in the top 25% around the world would be closed or sold. If the refinery is operating at a margin not in the top 25%‚ it will be more expensive for BP to keep the plant open in the long run. This will lead to more expenses for the company. The money lost
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should include firm commitments to food safety in their codes of ethics‚ always placing food safety above financial concerns. This includes going beyond the letter of the law to enforce the highest product quality standards. A code of ethics should include a commitment to sell only healthy products and never to use harmful ingredients. (http://smallbusiness.chron.com/code-ethics-food-establishments-10815.html) Delicious This Code of Ethics describes standards of conduct for Healthylicious board members
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Friedrich Nietzsche once said‚ “By morality the individual is taught to become a function of the herd‚ and to ascribe to himself value only as a function…Morality is the herd instinct in the individual.” Is Morality absolute or relative? Although there are many interpretations explaining why both could be right‚ each of them have theories proving why they could also be wrong. There are billions of people on this earth who come from different cultural backgrounds. Even though no culture is the same
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situations where morals and ethics are compromised. Bentham suggests that we are governed by two sovereign masters; these are ‘pleasure’ and ‘pain’. This is the way that we should make all decisions based on this theory. Bentham states that if we do something ethically good then we receive please for this act‚ and then on the other hand if we do something wrong then we will receive pain. The word utilitarianism simply comes from utility‚ Bentham looks and the choice that would be the most useful to the
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Because the Markkula Center for Applied Ethics often helps people work through moral dilemmas‚ it has developed a method for ethical decision making as a resource for those who are confronting value questions. The approach has a number of steps‚ but the broad categories include recognizing the moral issue‚ evaluating alternative actions from various moral points of view‚ making a decision‚ acting‚ and considering the action in retrospect. This Issues in Ethics shows how our publication is part of the
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walk‚ as not to break lucy’s trust‚ rendering long-term damage Lucy might have to herself. He recalls the five ethical foundation values “placing the welfare of the client(s) as the professional’s highest priority.” (WELFEL “Ethics in Counseling and Psychotherapy P3). Jeff could justify not telling Lucy’s parents. However‚ According to the ASCA Ethical Standards for School Counselors Section A.9 serious and foreseeable harm to self and others: a. Reads: “school counselors: inform parents/guardians and/or
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SLIDE 1 – INTRODUCTORY SLIDE Ethical theories provide part of the decision-making foundation for Decision Making When Ethics Are In Play because these theories represent the viewpoints from which individuals seek guidance as they make decisions. Each theory emphasizes different points – a different decision-making style or a decision rule—such as predicting the outcome and following one’s duties to others in order to reach what the individual considers an ethically correct decision. In order to understand
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When asking people “what does ethics mean?” we get many different replies. Some relate ethics to feelings‚ others relate it to religion‚ others might relate it to the law‚ others relate it to society and some just do not know. They are all wrong. Ethics refers to well-founded standards of right and wrong. Feelings‚ religion and the law may misguide people from what is ethical. The majority of people misunderstand what being ethical means. Some think that being ethical means following the law
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Monday May 19‚ 2014 Susan Morgan Code of Ethics Paper Most professional healthcare organizations have defined a mission statement‚ a code of ethics‚ and core values. These three documents must be agreement with each other and work together to define the organization. A mission statement communicates the overall purpose of the organization‚ and uses concepts such as philosophy or distinctive factors (Babnik‚ Breznik‚ & Dermol‚ 2014). A code of ethics is defined as “one of the characteristics of
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