Now that you know about the history behind the ethics we can go into the different ethical theories. There are quite a few but the ones we’re going to talk about are egoism‚ consequentialism‚ nonconsequentialism‚ rule-deontology‚ and non-moral value. Egoism is view that you are all that matters and so you make your choices based on you and what’s best for you. Egoist don’t care about anyone other than themselves and it shows in the choices that they make. Consequentialism‚ or utilitarianism‚ is when
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Ancient moral theory explains morality in terms that focus on the moral agent. These thinkers are interested in what constitutes‚ e.g.‚ a just person. They are concerned about the state of mind and character‚ the set of values‚ the attitudes to oneself and to others‚ and the conception of one ’s own place in the common life of a community that belong to just persons simply insofar as they are just. A modern might object that this way of proceeding is backwards. Just actions are logically prior to
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Journal of Finance and Accountancy Arthur Anderson Auditors and Enron: What happened to their Texas CPA licenses? Daniel Edelman Texas A&M University-Commerce Ashley Nicholson Texas A&M University-Commerce ABSTRACT This article examines Arthur Andersen‚ its role with Enron‚ and what happened to some of its key players. The demise of Arthur Andersen and Enron was significant. Thousands of people lost their jobs and investments. As a result‚ new laws for publicly traded companies and auditing firms
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Analysis of Ethical Theories Deontology Deontologist’s approach focuses on our sense of moral duty and obligation. It also argues that one must obey the rule of right conduct that has been put in place in our society (Ross & Malloy‚ 1999). Deontologists argue one has the duty to protect the rights and autonomy of individuals (Rensburg et al‚ 2013). In Canada‚ there are laws and policies that promote autonomy and freedom of choice therefore a deontologist argues that the mandated choice of organ
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S.W.O.T. Analysis of Enron MBA 503 University of Phoenix 05/10/06 Describe the Situation "Enron is now officially out of the energy business. They are now in a new business: confetti." Jay Leno http://politicalhumor.about.com/library/blenronscandal.htm It is a shame that one of the most powerful companies has now gone out of business‚ had reputations destroyed and used millions of tax payers dollars on court costs; all due not having good business ethics. This paper
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formerly Northern Natural Gas Company‚ which was formed in 1932 in Omaha‚ Nebraska. But in 1985‚ it bought the smaller Houston Natural Gas and finally changed its name to Enron. The “crooked E” logo was designed in the 1990s. Enron was well known for transmitting and distributing electricity and gas throughout the United States. Enron developed‚ built‚ and operated power plants and pipelines while dealing with the rules of law. They owned a huge network of natural gas pipelines which spread ocean to
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Enron Scandal Enron was able to successfully engage in fraudulent financial activities due to the failures of corporate governance practices in addition to other relevant factors. This paper will briefly cover some of these issues and offer suggestions for prevent similar future malpractice. External Corporate Governance The key external governance failures in the Enron Scandal involve oversights by regulators‚ creditors‚ auditors‚ and investors at large‚ with particular focus towards Enron’s ambiguous
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A business model of the times The Enron bubble was a prime example of the dominance of speculative finance in business. V. SRIDHAR MORE than two months after Enron‚ the seventh biggest corporation in the United States‚ filed for bankruptcy‚ the stench of scandal refuses to die. Shocking revelations about the company’s modus operandi continue to pour in. Public and media attention was initially focussed on the company’s close ties with the political establishment and the policy-making bureaucracy
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Bigger than Enron There were a number of actions in the film "Bigger than Enron" that led to the changes in the Sarbanes-Oxley bill. The companies that were much of the reason for these reforms were Enron‚ Sunbeam‚ and Anderson‚ and companies connected with them. Enron did a number of things that had a part in the reform of the Sarbanes -Oxley bill. Enron would hide or modify information in order to make it look as though there profits were growing year after year. One way they did this was
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ETHICAL DILEMMA in social work This essay will address the ethical dilemmas faced by social workers and how they address these ethical dilemmas when working with service users and carers. It will be illustrated that codes of practice and codes of ethics are of paramount importance when dealing with these dilemmas as they are ones that guide social workers as to how they should try and solve these dilemmas. Social workers encounter ethical dilemmas every day during their work. Banks‚ in her explanations
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