International Financial Management Homework 4 Chapter 16 Mini Case Enron Versus Bombay Politicians On August 3‚1995‚ the Maharashtra state government of India‚ dominated by the nationalist right-wing Bharatiya Janata Party(BJP)‚ abruptly canceled Enron’s $2.9 billion power project in Dabhol‚ located south of Bombay‚ the industrial heartland of India. This came as a huge blow to Rebecca P. Mark‚ the chairman and chief executive of Enron’s international power unit‚ who spearheaded the Houston-based
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There are many different ethical theories that we have learned about throughout the semester. The three theories I have decided to use with this situation are Emotivism‚ Act-Utilitarianism‚ and Ethical Egoism. With each ethical theory‚ I will state why I chose the theory that addresses the situation and what it would tell Sarah to do. The first theory that address the situation is Emotivism. “Emotivism is the view that moral utterances are neither true nor false but are expressions of emotions
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Enron Case Study The case of Enron is a fascinating one. United States is a country where auditing and accounting principles are so strong. How can something take place on such high level in the United States? The Enron case demonstrates the need to reform the accounting and corporate governance practices in the United States. Moreover‚ the Enron case made government officials to pay close attention to deregulated energy market. Some of the aspects that struck me are discussed below. One of the
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If a person is motivated by proper universal principles that treat everyone with respect‚ they will overcome any selfish instinct and act morally. Utilitarianism claims that the most important result of an action is to to maximize the amount of happiness and minimizing the amount of suffering in the world. If you have satisfied these goals‚ you have acted morally‚ even if your actions conflicted with rules
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non-consequentialist. Consequentialist is considered utilitarianism and the non-consequentialist as deontology that differs in their views. Consequentialism is all about the ‘actions of consequences‚’ which are based on justification. The people that favored affirmative action for consequences‚ for them it works until it produces the greatest happiness for the largest number of individuals. ‘Utilitarianism and Egoism’ are both forms of consequentialist. Utilitarianism is defined as the ‘principle of utility or
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1. What are the key differences between utilitarianism‚ deontology‚ natural law ethics‚ and virtue theory? Utilitarianism Theory is the moral theory that argues that an action is right if and only if it conforms to the principle of utility. The desire for pleasure and happiness is universal. People seek to maximize their pleasure and minimize their pain. Thus‚ a morally correct action is one which results in the greatest possible pleasure within a given set of circumstances. The text highlights
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Enron “The Smartest Guys in the Room” The Enron: The smartest guys in the room it’s a documentary film based in an important and huge company that was involved in a huge scandal in the American history. The Enron Corporation when they first start was a successful company. In its beginning‚ Enron was a small company from Texas‚ after years Enron became in the seven largest business in the U.S. with a smarts an experts employees working for Enron. The founder was Ken Lay a smart executive. The company
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“Tyrant‚” should the patient be treated? Deontology clashes with utilitarianism when the patient is being diagnosed for his mysterious illness. For this situation in “Tyrant” a deontologist would say the ethical action would be to treat the patient and not based your decision on what the patient has done or plans to do. It would not be ethical to refuse him treatment or treat him wrong on purpose. Flip the roles to a utilitarianism‚ and they would say the ethical action would be the action that benefits
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most amount of people that are in need of the pleasure. With these measurements of pleasure and pain‚ utilitarianism can create the maximum amount of happiness. For utilitarians‚ the utility of happiness is the ultimate purpose to human life. The most important thing for everyone is to incorporate happiness and maximize it whenever necessary and for the most people in all of society. Utilitarianism is not an egoist theory. They do not intend on creating contentment for an individual‚ but rather the
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The concept of Utilitarianism is one of the most influential moral theory. It has another name is The Greatest Happiness Principle. The main idea is you can determine the action is morally right or wrong depends on outcome. If the outcome brings pleasure and happiness to the people‚ it is the morally right choice. On the other hand‚ if the result of your action bring more pain and unhappiness‚ it is morally wrong choice. This ideal is based on assumption that overall good as a judge of right or
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