Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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distributive justice. One distributive justice approach used in the healthcare field looks at the quality adjusted life year (QALY). The effectiveness of a treatment is based on an increase in the length and/or quality of life. This uses the utilitarianism theory which supports taking the action that results in the most good for the largest number of people. The end result is justified even if there are some undesirable actions to be taken to reach that end. Some argue against the use of this approach
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In his book‚ The Right and the Good‚ W.D. Ross defends the theory of moral pluralism‚ which is “the idea that there are several values that may be equally correct and fundamental‚ and yet in conflict with one another” (New World Encyclopedia). In accepting this approach‚ we must assume that our ideas of right and wrong are influenced by multiple sources. According to Ross‚ in order to act morally right‚ we must be able to maintain a balance between our conflicting duties‚ or prima facie obligations
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. Following parties are believed to be the most responsible for the crisis. With any big organization going so bad‚ the blame starts with the top level executives‚ there was no different in this case. For Enron the blame started with Enron’s
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listens to Abraham and says he won’t and Abraham manages to convince God himself to change his mind. Now I feel like this story is very much related to the topic we are discussing here in this story we can see that god and Abraham are not using utilitarianism to go about their decisions they are using Kent method
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Enron – The Ken Lay Indictment Questions/Answers for Discussion: 1. Is there sufficient evidence of fraudulent intent to convict Ken Lay for stock manipulation "beyond a reasonable doubt"? Why or why not? If we are answering the question with the given facts presented in this case study‚ there are only allegations. To convict Ken Lay for stock manipulation ’beyond a reasonable doubt’ means that a trial must happen and both sides: Prosecutor and Defense will present a case to convince the jurors
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Act Utilitarianism vs Rule Utilitarianism Our world is governed by rules‚ either implied or implemented‚ and early on we are taught to live by these rules. Society expects us to act in such a way that will conform to these rules in order to live happy‚ harmonious lives. We do things‚ careful not to break any of the rules that might hurt or cause harm to others. Sometimes though‚ we do things not in accordance with the rules but based on what we feel is the right thing to do. Some people believe
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Outline the theory of Utilitarianism Utilitarianism is the theory that an action is better if it produces the greatest good for the greatest number. The 18th and 19th century saw rise to the theory of Utilitarianism which can be traced back to Jeremy Bentham. Francis Hutcheson put forward the initial principle of Utilitarianism ’The greatest happiness of the greatest number’. Utilitarianism is a teleological theory where depending on the consequences of the action‚ that action will either be good
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One of the core assertions of John Stuart Mill’s book‚ Utilitarianism‚ is that Utilitarianism can and should provide the basic moral framework for an individual’s decisions. He argues‚ often convincingly‚ that if all of society followed a system of morals dedicated to the maximizing public well-being‚ or utility‚ everyone would benefit. This perspective places the burden of decision making overwhelmingly on the individual who is not necessarily capable or properly equipped to make decisions which
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Utilitarianism vs. Individualism Arguments for utilitarianism and individualism will never end. The essence of utilitarianism‚ pleasure is the chief end of life and the greatest happiness for the greatest number should be the ultimate goal of human beings‚ has always been a crucial matter of concern and controversy. It is regarded as an exploit of people’s freedom and individualism. However‚ individualism is deemed as an ignorance of teamwork. We cannot simply tell which one is superior to the
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