MAF302 – 2009 Exam Marking Guide Question 1. Part i. In most large corporations‚ ownership and management are separated. What are the main implications of this separation? Part ii. A parcel of land costs $300‚000. For an additional $500‚000 you can build an office building on the property. The land and office building should be worth $900‚000 next year. Suppose that common stocks with the same risk as this investment offer a 9% expected return per year. Would you construct the building
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a. Strengths of the analysis include the idea that talking about ethical issues is important‚and that the analysis suggests avenues for improving ethics education. The weaknesses primarily cited by students included the “idealistic” nature of the discussion. Onecommon theme emerged‚ which is that frauds and unethical behavior occurred long before formal business school education. Students often cited this fact as anunaddressed weakness in Professor Waddock’s analysis. b. The average level of moral
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Sommers suggested the teachers to teach their students individual virtues as they are further away from their morality. Striking changes have taken place from the more directive teaching of right and wrong‚ by study and example‚ to situation ethics‚ dilemma ethics and other approaches that rationally dissect moral acts. The set of approaches imply that there are no moral absolutes to uphold. Sommers feels that if students are taught that way they can lose a sense of moral direction and not take
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WINTER 2014 V O L . 5 5 N O. 2 Rewriting the Playbook for Corporate Partnerships By F. Asís Martínez-Jerez Please note that gray areas reflect artwork that has been intentionally removed. The substantive content of the article appears as originally published. REPRINT NUMBER 55221 S T R AT E G I C P A R T N E R S H I P S Rewriting the Playbook for Corporate Partnerships In fast-changing markets‚ some companies are developing more flexible‚ adaptive strategic partnerships
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that we could accept as universal laws – that is‚ rules we would be willing for everyone to follow in all circumstances. (Ruggeiro. V.R. ‚2011) 2.0 What Is a Virtue? The first systematic description of virtue ethics was written down by Aristotle in his famous work Nichomachean Ethics. Aristotle said that a virtue is a trait of character manifested in habitual action. The word “habitual” here is important. The virtue of honesty‚ for example‚ is not possessed by someone who tells the truth only
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Introducing Business Ethics Is it an Oxymoron? Is Business Bluffing Ethical? Definition of business ethics: Business ethics is the study of situations‚ activities and decisions where issues of right and wrong are discussed! And business ethics is the study of ethical dilemmas! – what do you think about the dilemma in the book? Legal and ethical Legal and unethical Illegal and ethical Illegal and unethical Law Ethics Ethics Law Ethics Law Business
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BLO 2205 Corporate Law Assignment Semester 1 2013 INTRODUCTION Under the Corporations Act 20011‚ all the directors and officers must be under Common Law duties and Statutory Law duties to exercise their powers in order to carry on one company. It is essential for officers and directors to impose the legal duties for purposes of minimizing wrongful or illegal behaviors’ risks. Briefly‚ the main fiduciary duties and statutory duties contains duty to act in good faith in the interests
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Ethics lo1 1.1background and development of theoretical ethical approaches Deontological Theory The deontological theory state that the consequences or outcomes of actions are not important‚ what actually matter is that the actions are morally justified. For example drunken driving is wrong‚ now if a person argues that he safely navigated his way back home and for that reason he/she should not be held accountable by law‚ they are wrong because their action was wrong in the first place and
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An Ethical Dilemma Introduction An ethical dilemma exists when the right thing to do is not clear or when members of the health care team cannot agree on the right thing to do (Potter‚ Perry‚ Stockert‚ & Hall‚ 2011). S.Z. is a 65-year-old Hispanic man who was admitted to the hospital for the third time in 6 months‚ for hyperglycemia. He is now scheduled to be discharged but his daughter pleads with the nurse that she does not want her father discharged because he is non-complaint with
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Difference bw ethical progress we can find. Ex: excursion‚ crowd‚ black mail. Problems around the contract‚ ex. Misappropriation. Ethical issues regarding contracts: Contract with illegal agreements‚ misrepresentation or lack of good faith‚ contracting with substantial errors in the contract‚ acting with pressure Corruption or irregular payment: -An action in which someone gives cash or other benefit to obtain unjust judgement: BRIBERY -When someone demands money through intimidation or undue
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