State and Explain Aristotle’s theory of virtue ethics Virtues‚ according to Aristotle‚ are those strengths of character that promote ’eudomania’ (human flourishing). A good action is a product of these virtues. A person is virtuous in so far as he acts with the goal of human flourishing in view. Aristotle’s theory revolves around character rather than around the actions themselves. For Aristotle‚ Virtue is something practiced and thereby learned - it is habit (hexis) which causes a person to choose
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cooperating and negotiating with BP on the merger issue. Based on Amoco’s stand-alone valuation‚ it was reasonable to estimate $47 million enterprise value and $41.5 million equity value‚ with a walking-away exchange ratio 0.54. Then adding synergy‚ it reached an opening exchange ratio 0.72. Through further negotiation with BP‚ both parties reached a conclusion on certain level synergy distribution and agreed to close the deal at an exchange ratio of 0.65. The merger of Amoco and BP had strategic significance
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credit with the drawee bank. The gravamen of this special penal law is the issuance of check‚ not the non-payment of the obligation. (Lozano vs. Martinez‚ 146 SCRA 323). Checks form part of the banking system for being substitutes for money. Hence‚ BP Blg. 22 is neither violative of the constitutional provision against imprisonment of non-payment of debt nor the non-impairment clause. In the case of Que vs. People‚ the Supreme Court settled that B.P.22 applies even in cases where the
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Utilitarianism is a moral theory that is considered to be influential in a society. A moral theory is an explanation of how the paradigms of right or wrong associated with actions‚ simultaneously explaining how one’s character can be considered good or bad. Through this moral theory known as utilitarianism‚ one’s actions play a key role. An individual who practices the utilitarian moral theory has right actions as long as it promotes happiness for the maximum number of people possible leading to
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Essay II Q2. Mill mentions those who object to utilitarianism on the grounds that it holds humanity to an excessively high moral standard. Why might someone make this argument? How does Mill respond to it? What is your view: Are the requirements of utilitarianism excessively demanding? Why or why not? Utilitarianism does not take into account the flaws of human nature and by doing so‚ holds them to a standard that can never be attained by an entire society. People grow and develop over time
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The use of utilitarianism when making moral decisions leads to an injustice society‚ evaluate this claim. The use of utilitarianism is a controversial subject for many people‚ some believe by using it‚ it can bring happiness to the majority of society‚ others say by using utilitarianism it can take away peoples own judgment making our society unjust. Strengths of Bentham’s theory begin with the fact that utilitarianism offers a relatively straightforward method for deciding the
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What is Ethics Is the set of beliefs about right and wrong behavior. It is certainly a subject that is used in discussions about how we should live‚ what is right and wrong and what we mean when we use words like right and wrong‚ good and bad. Ethical Behavior – conforms to the generally accepted social norms‚ many of which are almost universal. A persons opinion of what represents an ethical behavior is strongly influenced by a combination of: 1. Family influences
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Berge‚ Andrea MGMT 485W Spring 2013 Case Study: TNK-BP (Russia) INTRODUCTION “This case portrays the highly uncertain scenario facing BP in Russia at the end of 2007. In the midst of unraveling relations with its cooperative partner and undesirable host government practices‚ ideal strategic conditions are implausible. In order to maximize outcomes under such imperfect circumstances‚ BP ’s senior management needs to fully assess the situational risks‚ understand the dynamics and motivations
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Sustainability Review 2010 bp.com/sustainability 2 A letter from our group chief executive / 4 How BP is changing 6 Gulf of Mexico oil spill / 14 How we operate / 22 Energy future 30 Safety / 34 Environment / 38 Society Within hours of the Deepwater Horizon accident‚ BP teams were working to stop the leak. We also acted to minimize the spill’s impact on the environment by containing‚ removing and dispersing oil offshore‚ protecting the shoreline and cleaning up oil that came ashore. And we
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“In the end utilitarianism is simply a moral justification for individual/group selfishness” Utilitarianism is a theory in which the quote by Jeremy Bentham applies “The greatest happiness to the greatest amount of people” which means that the best action is the one in which the most pleasure is given to the majority of people. The majority always wins rather than the minority and pleasure is the sole good whereas pain is the sole evil. On one hand this is classed as selfless as using utilitarianism
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