1. Describe the need for ethical theories. (3) Ans. Ethical theories represent the grand ideas on which guiding principles are based. They attempt to be coherent and systematic‚ striving to answer the fundamental practical ethical questions: 1.What ought I do? 2. How ought I to live? Ethical theories are needed for a number of purposes. They are the foundations of ethical analysis because they are the viewpoints from which guidance can be obtained along the pathway to a decision. The aim of ethical
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transactions. Most individuals are familiar with intermediaries employed within the law or financial industry. Financial intermediaries will provide insurance‚ mortgage or investment products to their clients. Full-size organizations like Royal Dutch Shell and BP will employ intermediaries for more than just legal or financial necessities. On this large business scale‚ intermediaries are drawn upon for many forms of negotiation. For example‚ Royal Dutch Shell intermediaries have been involved with settling the
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Utilitarianism is the idea that an action is morally right if the consequences of the action benefit everyone. In the case where a young man who cheated on his college entrance exam Utilitarianism says that this is not a morally right decision‚ because while the person who committed the action‚ the young man in this case‚ may benefit from the knowledge they gain from that education they got from that school‚ the action does not benefit the other young man or woman who did not cheat on the test and
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Utilitarianism is a theory in normative ethics‚ holding that the moral action is that it maximizes utility. Utility is defined in various ways‚ including as a pleasure‚ economic well-being and lack of suffering. Utilitarianism is a form of consequentialism‚ which implies that the “end justifies the means." This view may be contrasted or combined with seeing intentions‚ virtues or the fulfillment of rules as ethically important. Classical utilitarianism the two most influential contributors are Jeremy
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to seek the action that has the most affectionate consequence‚ a utilitarianism person would argue for the greatest amount of happiness‚ a Kantianism’s rule would be to follow the categorical imperative‚ and maybe Natural law‚ we do what is in accordance with the purpose of what is believed to be morally correct. There are moral theories that consist of no rules‚ and that morality is simply expressed regarding feelings. Virtue ethics‚ accommodated by Aristotle‚ rejects many of these approaches
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BP Oil Spill 2010 Elizabeth Morton University of Phoenix SUS/300 3/9/15 Tereza Marks Gulf Oil Spill Case BP Oil Spill 2010 BP is a world leading international oil and Gas Company. The BP Company however had an oil spill on April 20‚ 2010 due to a gas release in the Gulf of Mexico. A massive explosion followed the gas release on the Deep Water Oil rig that was working on the exploration of British Petroleum. The explosive gas leak resulted in eleven peoples dead and several other individuals
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The Ecological Effect of the BP Oil Spill on the Environment Introduction: The BP oil spill‚ (also known as the Deepwater Horizon oil spill the BP oil disaster‚ the Gulf of Mexico oil spill‚ and the Macondo blowout) was an oil spill that happened in the Gulf of Mexico on the BP owned and operated Macondo Prospect on April 20‚ 2010. This oil spill is considered the largest and most devastating oil spill in the history of the petroleum industry. The cause of this oil spill according
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BP plc[3][4] (LSE: BP‚ NYSE: BP) is a British multinational oil and gas company headquartered in London‚ United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by 2011 revenues and is one of the six oil and gas "supermajors".[5][6] It is vertically integrated and operates in all areas of the oil and gas industry‚ including exploration and production‚refining‚ distribution and marketing‚ petrochemicals‚ power generation and trading. It also has renewable
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BP is a British global energy company which is the third largest energy company and the fourth largest company in the world. As a multinational oil company‚ BP is the UK’s largest corporation‚ with its headquarters in London. BP’s headquarters is in Houston‚ Texas. The company is among the largest private sector energy corporations in the world‚ and one of the six private sector oil exploration‚ natural gas‚ and petroleum product marketing companies. Tony Hayward took over as the Chief Executive
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management during the weeks that followed. BP created the “Gulf of Mexico Restoration” website to inform the public about its efforts in cleaning up the spill and to help restore public trust in the company again. BP’s “Gulf of Mexico Restoration” website uses these three strategies to try to repair its reputation: a section highlighting technological advancements for safer drilling‚ colorful graphics of bolded statistics that state the amount of money BP has spent on various efforts‚ and a collection
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