Describe the situation at Lehman Brothers from an ethics perspective. What’s your opinion of what happened there? The ethical issue here was that Lehman’s executives exploited loopholes in the accounting standards to manipulate their balance sheet in order to mislead the investing public. Using “Repo 105”‚ Lehman was able to clear huge amount unprofitable assets off its balance sheet instead of selling at loss. Evidence pointed out that the chief executive‚ Richard Ruld‚ knew about the use of
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Cultural considerations in moral and ethical reasoning The sound development of moral reasoning and ethics is an integral part of the growth and maturation of a healthy and productive human being. Without morals and ethics‚ a person cannot exist within society’s boundaries and would be doomed to be forever barred from its hallowed walls for as long as that person did not conform to the societal norms of having the ability to morally reason and implement a set of ethics. But morals and ethics
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Impact of Culture on the Ethical reasoning of an Individual Abstract The purpose of this paper is to identify‚ relate and assess the impact of culture on the ethical reasoning of an individual. This report reviews current literature on this topic and identifies the various factors involved in the same. Established theories on ethics and moral development are reviewed and a culture-based model of ethical decision making is derived. Prepositions concerning the influence of various cultural dimensions
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Ethical guidelines are crucial in the professional sense as ethical guidelines allow for human service professionals to work with people in the best way possible without any biases or allowing for emotions to rule (Martin‚ 2014). Ethical guidelines facilitate human service professionals to stay on moral track and not to be driven by desires‚ urges‚ emotions‚ value system‚ culture‚ religious beliefs‚ impulses and passions as such may not lead to an ethical decision (Martin‚ 2014). Statement 28 of
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References: * Bernstein‚ JM 1995‚ Recovering Ethical Life: Jürgen Habermas and the Future of Critical Theory‚ Routledge‚ New York. * Badillo‚ RP 1991‚ The Emancipative Theory of Jürgen Habermas and Metaphysics‚ CRVP Publishers‚ London. * Dryzek‚ JS & List‚ CA 2003‚ ‘Social Choice Theory and Deliberative
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it rather than a suggestion. Further into the meeting with Suzanne‚ Mary went on and made actions that also questioned the code of ethics. To understand fully which areas were violated we will be using the Kitchener’s Ethical Model to explain in detail. In Kitchener’s Ethical Model there is five moral principles that are spelled out. The first listed is the autonomy
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society may be reflected immoral in another. Therefore‚ since no collective standard of morality subsists‚ no one has the right to judge another society’s customs or to hold one society as better than the other. Ethical relativism is closely related to cultural relativism in that ethical relativism views truth as capricious and not absolute. What establishes rights and wrongs is determined merely by the individual or by humanity. Truth is not objective‚ henceforth there can be no objective standard
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The Nature of Reasoning What is Reasoning? a mental act whereby starting with several judgments which we relate to one another. the process which uses arguments‚ statements‚ premises and axioms to define weather a statement is true or false‚ resulting in a logical or illogical reasoning. the process of using a rational‚ systematic series of steps based on sound mathematical procedures and given statements to arrive at a conclusion. the cognitive skills with which we reach
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judgement forming the basis for a reasoned‚ impartial decision about what is right or wrong. Ethical decisions are impartial‚ meaning that they apply to everyone. When it comes to ethics there are two types of reasoning: Consequences-based ethical reasoning and rule-based ethical reasoning. Consequences-based ethical reasoning is right or wrong is only based on the results of the action and rule based ethical reasoning is when someone believes every act is either right or wrong. In the eyes of the law‚ laws
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IMMANUEL KANT’S THEORY Immanuel Kant (1724-1804) discussed many ethical systems and reasonings. Some were based on a belief that the reason is the final authority for morality. In Kant’s eyes‚ reason is directly correlated with morals and ideals. Actions of any sort‚ he believed‚ must be undertaken from a sense of duty dictated by reason‚ and no action performed for appropriateness or solely in obedience to law or custom can be regarded as moral. A moral act is an act done for the "right" reasons
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