Ethical relativism is a view on morality stating that there are no universally accepted moral principles. Morality varies from one culture to another and no society has the right to impose their view of morality on other societies. Ethical relativism can be summed up to mean that morals are derived from what is culturally acceptable in any given society. ER is made up of two theses. The first is the diversity thesis‚ which simply says that moral practices are diverse across cultures. Ruth Benedict
Premium Morality Cultural relativism Relativism
Enron: Leadership without Ethics and Practical Execution Enron‚ once one of the largest energy public companies globally‚ achieved a $65 billion asset volume but only took 24 days to go bankrupt. Initially‚ its main service is extracting natural gas and manufacturing energy-using products‚ but the excessively aggressive and benefit-oriented type of operation makes the company create lots of so-called "innovative" investment department and financial products. All these activities played as the
Premium Enron
REACTION PAPER – THE ENRON SCANDAL FACTS OF THE CASE Enron Corporation was formed in 1985‚ led by Kenneth Lay‚ as a result from the merger of Houston Natural Gas and Internorth that specializes in natural gases and commodities. In 1990‚ the company hires Jeffrey Skilling to lead the trading of commodities under deregulated market and Andrew Fastow later that year (USA Today‚ 2002). Deregulation of the energy markets allowed companies to place bets on future prices‚ and Enron was poised to take
Premium Enron
ETHICAL PRINCIPLES/THEORIES Situation Ethics o Situation ethics views Pornography as moral if and only if it is used in moderation and with the right mind set of the individual to use it to benefit oneself or others in a good way. A married couple who are unable to show their love to each other can use a type of pornography called “cybersex” to help them cope up with the loneliness of being away from their loved one. o But if an individual indulges his/herself into pornography to harm
Premium Morality Sexual intercourse Ethics
carrying out such duties is the basis of many democratic countries which provide their citizens with the necessary means for living on the belief that providing these services are for the betterment of society and its people’s well-being. One legal theory that exemplify how our government are structured is explained by deontology which is an ethic by which focuses on actions which are guided by moral obligations‚ while consequentialist ethic have based itself on the principle of‚ if the goal is morally
Premium Law Political philosophy Judge
Explain a theory of religious ethics An example of a theory of religious ethics is Jewish ethics. Judaism is a deontological theory as we have laws‚ and it is our duty to fulfil them. The main aspect of Jewish ethics is that it is monotheistic‚ meaning there is one G-d with one moral system for all Jews to follow. Thus‚ Judaism is heteronomous as the laws are G-d given. Judaism is a monotheistic religion‚ meaning there is one G-d with one moral system in which we must all abide by. This is evident
Premium Religion Ethics Morality
A. The Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors
Premium Corporate governance Management Board of directors
From the Desk of: Imran Omer Case Study: WorldCom From its beginnings as a long distance call player to handler of Internet data traffic‚ WorldCom was a spectacular firework in the sky before it crashed out as one of the biggest bankruptcies America has witnessed in its corporate history. WorldCom carried more international voice traffic than any other company. It carried a large amount of the world‟s Internet traffic. WorldCom owned and operated a global IP (Internet Protocol) backbone that
Premium Operating expense Capital expenditure
chapter‚ summarize in one page or less how you would explain Enron’s ethical meltdown. Ethics refers to “the principles of conduct governing an individual or a group; specifically‚ the standards you use to decide what your conduct should be (Dessler‚ 2011).” Secondly ethical decisions always involve questions or morality (Dessler‚ 2011). Anyone that had anything to do with the meltdown at Enron had no ethical standards. Enron had a lack of accounting transparency‚ which enabled the company’s
Premium Ethics Business ethics Enron
January 2‚ 2015 Auditing Theory Mr. Red Feliciano Enron Corporation’s Case Analysis Reference: Auditing and Assurance Principles by Jose Ireneo‚ Shirley Ireneo and George James 1. A. Fastow is one of the most responsible because being the Chief Financial Officer or CFO of the Enron corporation‚ he had a major influence. He was guilty of fraud‚ money
Premium Enron Audit Auditing