Criticisms leveled against Ethical Theories 1. Criticisms leveled against Consequentialism. Consequentialism is based on the consequences of actions. It is sometimes called a teleological theory‚ from the Greek word telos‚ meaning goal. According to consequentialism‚ actions are right or wrong depending on whether their consequences further the goal. The goal (or‚ "the good") can be something like the happiness of all people or the spreading of peace and safety. Anything which contributes to
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Ethic Theories on Gay Marriage Outline 1. Introduction 2. History of Gay Marriage a. First Gays to sue for right to marry b. 1991 Hawaii ban on Gay Marriage c. Vermont’s Stance on Gay Marriage d. Gay Marriage is the responsibility of the states 3. Utilitarian View e. Best for the Majority f. Who is the Majority 4. Relativism g. Cultural views h. Benefits to gay marriage 5. Which Theory do I fit into 6. Conclusion
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came to light with the discovery of $14bn in its finances that could not be accounted for. The scandal has also come to be known as the Enron of Europe. The scandal brought down the company and its senior executives‚ blue chip European and American banks‚ accountancy firms and 130‚000 shareholders following the discovery of the scandal in 2003. Details of the Case The details of how the company came to be a giant and how its fraudulent finances were noticed
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report‚ it will show how Enron was involved in improper accounting practices that led to over $70 billion of losses and also Enron’s method that was used to able them in covering their losses. Enron’s fall and bankruptcy had affected not only the employees‚ but also the shareholders‚ U.S Citizens and also the impact that it had on other countries that Enron was affiliated with. The focus of this paper is on the creation of Enron’s business model that resulted in the fall of Enron. Also‚ how the SPEs
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Kant’s Theory of Ethical Duty: A Deeper Look Immanuel Kant‚ one of the most significant and popular theorists‚ was also one of the last key philosophers of the Enlightenment period. Existing ethical assumptions are being deduced using this ethical theory of duty‚ which argues that the when an action can be supported and willed by practical reason and universal law‚ it is the right action. Kant did not believe that just mere virtues can measure ethics. Looking
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(the Groundwork‚ Metaphysical of Moral and Critique of Practical Reason)‚ supports the thought that Kant’s ethical theory might be understood as a constructivist under the standard model. Wood puts this connection as follows:
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Kovaleva Mary Assignment 3. Enron scandal Rise of the company Enron was an American energy company based in Houston‚ Texas. It was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In 1985‚ Kenneth Lay merged the natural gas pipeline companies of Houston Natural Gas and InterNorth to form Enron. In the early 1990s‚ he helped to initiate the selling of electricity at market prices and‚ soon after‚ the United States Congress passed legislation deregulating the
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Trip Winkel Finance 303 May‚ 27 2005 Dr. Namorato The Enron Scandal Enron was established in 1930 as Northern Natural Gas Company and joined with three other companies to undertake this industry. The four companies eventually began to break apart between 1941 and 1947 as a result of a public stock offering. In 1979‚ Northern Natural Gas was placed under new management when it was bought by InterNorth Inc. In 1985‚ Kenneth Lay‚ CEO of Houston Natural Gas Company devised a transaction
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Major Ethical Theories • Utilitarianism • Deontological Ethics • Justice & Fairness • Virtue Ethics Utilitarianism ➢ Study ethical behavior in terms of the result or consequences of ethical decisions ➢ Evaluate decisions whether good or bad in term of impact of the decisions ➢ Decision maker must take broad perceptive concerning who‚ in society‚ might be affected by the decision Weaknesses in Utilitarianism ❖ The distribution
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Enrons Fall Kenneth Lay – CEO Auditors – Arthur Anderson Jeffrey Skilling – Consultant‚ Hired as a young consultant‚ as due to deregulation‚ Enron incurred massive debts. Jeffrey skilling was hired to come up with innovative new ideas. His revolutionary idea for Enron was to ‘create a gas bank in which Enron would buy gas from a network of suppliers and sell to a network of consumers‚ contractually guaranteeing both the supply and the price‚ charging fees for the transactions and assuming the
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