Consequentialists are a group of philosophers who asses whether an act is right or wrong based on the consequences of the action. There are different types of consequentialism including: ethical egoism‚ act-utilitarianism and rule-utilitarianism. These three branches of consequentialism will be discussed later in this paper. A supererogatory act is something that is good but is not obligatory; these acts involve rendering aid to others that go above moral requirement. Consequentialists claim that
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The prominant criticism of Utilitarianism is that it is extremely hard to predict the results of an action. The outcomes of all situations are hard to predict‚ so how can we possibly apply the rule of the greatest happiness for the greatest number if we do not know who will benefit most? It is also difficult to decide whether an outcome is morally good or bad. People have contrasting opinions on what they think is right or wrong and it depends on the individual who is making the decision. This causes
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have some key concepts which point to what the good ultimately is: egoism‚ utilitarianism‚ and deontology. Egoism values the desires of the individual the most‚ and this is most important to the individual. Utilitarianism‚ on the other hand‚ needs to be impartial in order to value each individual’s happiness equally. Deontology also conflicts with both of these other theories because it is not consequentialist like utilitarianism‚ and does not always benefit the individual or anyone else involved. The
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While I enjoyed reading the Enron Case Study by Sims and Brinkmann and found it to be extremely informative‚ the movie‚ Enron: The Smartest Guys in the Room‚ provided additional information‚ details‚ and context regarding the individuals‚ decisions‚ and factors that contributed to Enron’s downfall (McLean & Elkind‚ 2003). To begin with‚ the movie delved into Ken Lay and Jeff Skilling’s personal‚ educational‚ and professional background and provided context regarding how their backgrounds influenced
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level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity • State-regulated monopolies. • Stable‚ but inefficient. • Natural Gas • Pipelines transported on fixed delivery routes with set prices. Enron Producers Pipeline
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Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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Act utilitarianism is a utilitarian theory of ethics which states that a person’s act is morally right if and only if it produces the greatest overall utility. In assessing a moral theory there are four adequate criteria which are: completeness‚ explanatory‚ practicability and moral conformation. For completeness‚ an ethical theory should support all meaningful moral claims‚ neglecting none of the claims. Next‚ there is explanatory power. For this assessment a theory should provide insight into what
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Morality is a set of individual beliefs of what is reflected as correct. Kantianism and Utilitarianism seek to provide answers on how to approach a moral problem which would affect the morality of a person. This paper will attempt to clarify how Kantian moral theory and Utilitarianism differ‚ as well as discuss why I believe Utilitarianism is the most plausible when it comes to deliberating abortion. Utilitarianism is an ethical theory that states that the best action is one that maximizes utility.
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Utilitarianism Utilitarianism examines overall happiness and can deduce whether it is ethical for Ming to tell customers about Condoitin. The happiness scale selected was -10 to 10‚ where -10 is unhappy‚ and 10 is happy. The stakeholders identified excluded those not relevant to Ming’s decision (like the air-conditioning company). There are approximately 100 elderly customers requesting advice per week‚ so Ming’s decision would impact 1200 over three months. Customer awareness of Condoitin’s lower
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Strengths and Weaknesses of Utilitarianism In the article‚ “Strengths and Weaknesses of Utilitarianism”‚ Louis P. Pojman explained the grounds on which utilitarianism has been attacked and showed some possible response to its defenders which imply his positive attitude towards utilitarianism [1] . In order to argue that thesis‚ Pojman’s one important premise is the response to the no-rest objection. He believed that the agent should aim at maximizing his or her own happiness as well as other people’s
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