Do most companies have an obligation to create and enforce a code of ethics? Explain why or why not. What are some specific code of ethics mentioned in the text and readings? Most companies are not obligated to create and enforce a code of ethics but it is in the best interest of the company that they do. Companies are not obligated simply because it is up to them how they enforce rules of the company. According to the text “Most professional organizations have detailed codes of conduct that specify
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way of you or someone else receiving the most possible pleasure from an action‚ it would interfere with the Utilitarian way of thinking. 3. A. Unlike Kantian ethics‚ the ethics of care focus on personal dependence and relationships. This theory recognizes that people are interdependent‚ and as such should take care of one another. Kantian ethics however‚ is based on the motives behind the action and has a very rigid idea of morality. The two could not be reconciled into one‚ but they do ultimately serve
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which we addressed are Kantian Ethics‚ Utilitarianism‚ and Virtue Ethics. A strong argument could be made for each theory‚ but one sticks out as the best and most reasonable theory of ethics. Kantian Ethics is the best universal theory of ethics‚ as it allows for individual rights and is specific enough to follow. Kantian ethics stresses individual rights‚ reason‚ and motivation for actions. Immanuel Kant believed that each person
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MAURICE A. MCKOY TRIDENT UNIVERSITY CASE STUDY 2 Case Study Business Ethics In the past there have been several cases in the business environment related to the practices of accountants and auditors who have violated the trust and confidence of public. A number of researches have been conducted to find the potential factors resulting in unethical‚ biased or inappropriate decision making and judgments by the professionals. The aim of this paper is to review two academic articles and conclude
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BSB111 – Business Law and Ethics Semester 1 2010 ETHICS CASE STUDY QBank offered Jen a substantial amount of money for the premises of her florist shop. However‚ this will all come at the cost of her two employees Diane and Helen losing their jobs in the shop. Therefore‚ it seems Jen faces an ethical dilemma‚ particularly because she promised her employees that she would keep them on. By looking at key relevant ethical theories a decision can be made that best suits Jens situation. Egoism
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seriously the task of institutionalizing ethics in their company. Accordingly‚ an important segment of corporate America has begun relying on such tools as‚ statements of corporate values‚ codes of conduct‚ ethic workshops‚ and hotlines for whistleblowers. In this paper I am outlining an ethics program for a new company. Starting a company with an ethics program already in place will deter unethical behavior by mangers and staff members. Why Have an Ethics Code? Large corporate scandals have rocked
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Summary Case : “Ethics : A Basic Framework” Business ethics are basic moral principles that guide both people and companies behaviour in business world. Ethics in business are important because it has important implication for company’s function as an organization‚ ability to manage risk‚ and company reputation in marketplace. Ethcis become important in make company reputation because market participants are often make ethcial judgement about the company and some will even be rewarded or punished
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Personal Ethics‚ Business Ethics and Engineering Ethics Group 12 Team Members: 1) Umar b. Ismail (Group Leader) 2) Muhammad Amir b. Mohd Azam Abstract—Engineering ethics is professional ethics‚ as opposed to personal morality. It sets the standards for professional practice‚ and is only learned in a professional school or in professional practice. This report is written to distinguish between personal ethic‚ business ethic and engineering ethic and to explain the relationship
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Beu and Buckley (2001) state that over the past few decades‚ corporate codes of ethics have proliferated. These codes have proved useful in informing employees about legal requirements of the firm‚ addressing specific concerns and serving as guidelines for accepted practice within the organization. However‚ unethical acts continue to occur‚ as is evidenced by the recent recall of Firestone tires and the 103 deaths that forced it. (p. 73) It does not matter if corporate executives are told millions
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such as Enron‚ have had their fair share of bad business ethics. The Enron incident ’ shows us the importance of following ethical standards in today ’s world. It also illustrates how susceptible employees and the organization are to ethics‚ and how it can threaten the entire future of a company. Establishing ethical company values are of extreme importance in maintaining a consistent and effective workplace. In this paper‚ we will examine and discuss two case studies of workplace ethics‚ one of
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