following is an excerpt from article DE197-1 from the Christian Research Institute. The full pdf can be viewed by clicking the link below the excerpt. Ethics Theories- Utilitarianism Vs. Deontological Ethics There are two major ethics theories that attempt to specify and justify moral rules and principles: utilitarianism and deontological ethics. Utilitarianism (also called consequentialism) is a moral theory developed and refined in the modern world in the writings of Jeremy Bentham (1748-1832)
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Martirosyan Case 1.1 Qt.1 Several parties were responsible for Enron crisis‚ including independent auditor‚ key executive officers‚ internal auditors‚ SEC and FASB. The hypocrisy‚ dishonorable actions and unethical behavior of Kenney Lay‚ Jeffrey Skilling‚ Andrew Fastow led to bankruptcy. This and many other problems‚ such as loss in transactions involving the swaps stocks‚ SPE related issues and est.‚ finally contributed to crisis. As Enron executives‚ all of their concerns should have been focused
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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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In this essay I will present an argument to show that Kantian Deontology is not a plausible moral theory because the two fundamental principles from Kant’s Categorical Imperatives are unable to account for the permissibility of certain acts that would otherwise be considered immoral. This would discredit the usefulness of Kant’s theory as a moral guideline because individuals would then be able to commit acts - those of which would be considered immoral according to considered moral judgements -
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hearing bits and pieces about the “Enron scandal” over the years‚ it was interesting to learn about what specifically happened to the global giant company and how it reached its demise in the early 2000s. It seems as though Enron’s downfall had largely to do with the corporate culture instilled within the company from its inception in 1984. The idea of “get big fast” encouraged employees to do whatever they deemed necessary to drive earnings‚ even if it meant leaving ethics at the door. The arrogant culture
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Enron Corporation: THE RISE AND FALL; ACCOUNTING SCANDAL Submitted To: Professor Bill Bristol Submitted By: Kenneth Rhodes‚ Jr. Metropolitan College of New York (MCNY) TABLE OF CONTENTS I. ABSTRACT...............................................................................................................................2 II. purpose and service....................................................................................................3 III. HistorY.............
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The philosophical system of deontology is a rule-based system that judges the morality of an action itself instead of the consequences of the action. The term deontology is derived from the Greek words deon‚ meaning duty and logos‚ meaning science. The focus is on the rightness or wrongness of the actions themselves as opposed to the right or wrong of the consequences of the actions. This system places special emphasis on the relationship between duty and the morality of human actions. Some descriptive
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Ethics Essay Ethics Essay In life one must deal with moral and ethical dilemmas. “Ethics is defined as the discipline dealing with what is good and bad and with moral obligation” (Merriam-Webster Dictionary‚ 2013). It studies human moral behavior and how one should act. Ethics helps to explain how a person should feel about a particular situation. There are several groups of studies of ethics that defend and recommend concepts of right and wrong. The focus of this paper will be to describe
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of the Enron Scandal The Enron scandal is one that left a deep and ugly scar on the face of modern business. As a result of the scandal‚ thousands of people lost their jobs‚ some people lost their entire pensions‚ and all of the shareholders lost the money that they had invested in the corporation after it went bankrupt. I believe that Kenneth Lay‚ former Enron CEO‚ and Jeffrey Skilling behaved in an unethical manner without any form of justification‚ but the whistleblower‚ former Enron vice president
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Topic: #2 Deontology There are many theories of morality that aim to create criteria for an action’s moral value. Kantian Deontology is a one of those theories. This theory values an action‚ not based on the happiness or pleasure derived from it‚ but the will behind it. Kantian Deontologists do not value happiness and pleasure as intrinsically good because there is nothing good other than a good will- since good will is the motive to act for moral duty. Although Kantian Deontology is logical
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