in business.......................................................................................2 3. Characteristics of deontology .....................................................................................3 4. Arguments in favour of applying deontology in business...........................................4 5. Arguments against applying deontology in business..................................................6 6. Conclusion.............................................
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Involvement) LEARNING OBJECTIVES (TOPIC 3) After completion of this topic‚ you will be able to: 1. Describe the main ethical theories and apply it to business scenarios © iStockphoto.com/Dan Bachman ETHICAL THEORIES Three periods in history of ethics Greek period (500 BC-AD 500) • The man who performed his duties as a citizen = good man • Greeks – “Man is the measure of all things” – he decides for himself what is right and wrong • Socrates‚ Plato and Aristotle emphasised the need and importance
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Samantha St.Upery Ethics Essay ETH/316 August 7‚ 2014 Mrs. Mona Ristovv Ethics Essay Utilitarianism ethics accentuates that the activity that should be ethically beneficial to the group. In further terms‚ the outcome of any moral activity ought to be valuable for all by mass offer. This is a universal fundamental theme for ethics in industrialist economies and business as well as in all governments. Virtue Theory is also known as virtue ethics focal point on the person’s character as
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this paper is consider three possible rationales for why Enron collapsed—that key individuals were flawed‚ that the organization was flawed‚ and that some factors larger than the organization (e.g.‚ a trend toward deregulation) led to Enron’s collapse. In viewing “Enron: The Smartest Guys in the Room” it was clear that all three of these flaws contributed to the demise of Enron‚ but it was the synergy of their combination that truly let Enron to its ultimate path of destruction. As in any organization
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Case 1.1 - Enron Corporation ------------------------------------------------- Discussion 1 The parties we believe to be most at fault for the crisis in this case are a) the Audit Firm engaged in the Enron audit (Arthur Andersen); b) Enron Management (Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow; and c) the SEC. The Public Accounting Firm: Arthur Andersen The auditor has the responsibility to evaluate the risk of material fraud‚ including: * Incentives and motives for fraud : Enron was a fast
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Examination An action can be considered ethical or unethical depending on the perspective. There are three main theories of ethics: virtue‚ utilitarianism‚ and deontology. Each theory uses different criteria to determine if an action is ethical. Although the idea of performing ethical actions is similar‚ each theory follows a different approach. The virtue theory of ethics determines what is right and wrong based upon how it will affect one’s character. Essentially‚ an action will be considered
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Ethic Essay Abstract Comparing the Similarities of Virtue Theory‚ Utilitarianism‚ and Deontological Ethics Believing in what you see or what you hear on the TV‚ website‚ tells what a person has developed within ones inter concussion concerning ones belief of thoughts. People have the right to express one’s self about what they believed is right or wrong. Common similarities concerning these theories are formatted within the issues of faith. People believe
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Enron: The Smartest Guys in the Room Extra Credit for Accounting II By: Grace Lindley ENRON: The Smartest Guys in the Room is the story of one of history’s greatest business scandals‚ in which top executives of America’s seventh largest company walked away with over one billion dollars while investors and employees lost everything. Based on the best-selling book The Smartest Guys in the Room by Fortune reporters Bethany McLean and Peter Elkind‚ and featuring insider accounts and
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Monday May 19‚ 2014 Susan Morgan Code of Ethics Paper Most professional healthcare organizations have defined a mission statement‚ a code of ethics‚ and core values. These three documents must be agreement with each other and work together to define the organization. A mission statement communicates the overall purpose of the organization‚ and uses concepts such as philosophy or distinctive factors (Babnik‚ Breznik‚ & Dermol‚ 2014). A code of ethics is defined as “one of the characteristics of
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The Enron scandal Tobias Pavel Mylene Encontro 910422 850224 Chalmers University of Technology Finacial Risk‚ MVE220 Examiner: Holger Rootzén 2012-12-02 Göteborg This report has been written and analyzed by both group members jointly. Abstract From the 1990 ’s until the fall of 2001‚ Enron was famous throughout the business world and was known as an innovator‚ technology powerhouse‚ and a corporation with no fear. The sudden fall of Enron in the end of 2001 shattered not just the business
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