charges relating to the Enron scandal. Although Arthur Andersen still technically exists as a company‚ and despite the verdict in relation to the criminal charges being overturned by the US Supreme Court‚ Arthur Andersen has arguably suffered too great a level of damage to its reputation to immediately return to its former position. Most analysts now speak of a ’Big 4 ’ following the troubles that hit Arthur Andersen. Arthur Andersen was essentially brought down by the Enron scandal‚ which erupted
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we cannot be triumphant in. If the Bible is an absolute in all of these theories‚ so is Jesus Christ. The first ethical theory is Utilitarianism. Utilitarianism is the ethical theory that describes how the moral value or worth of an action is determined by how much benefit is gained from that action. It is measured by not only the amount of benefit gained but also the amount of people with benefits in the process. This theory hopes to provide guidance when choosing a course of action. Utilitarianism
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Differences Between Ethical Theories Ethical theories are based on explained ethical principles. There are three major ethical theories: virtue ethics‚ utilitarianism‚ and deontological ethics. in this paper the similarities and diffrences between virtue theory‚ utilitarianism‚ and deontological ethics. The meaning of virtue theory‚ utilitarianism‚ and deontological ethics would need to be defined in order to be able to distiguish the similarities and diffrences. The virtue theory judges a person
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Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company‚ organized
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Natural Gas‚became CEO‚ and the next year wonthe post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business site in the world. About 90 per cent of its income eventually came from trades over Enron Online. Growth for Enron was rapid.In 2000‚ the company’s annual revenue reached$100 billion US. Itranked as the seventh-largest
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The knowledge of ethics and the subsequent theories that have evolved from it is paramount to the profession of nursing. These theories assist nurses with identifying potential problems and developing skills required to determine and justify decisions in given situations. Furthermore‚ they work to enhance and shape an individual’s ethical beliefs and values. There are a number of ethical theories that have been introduced throughout nursing including the widely agreed upon four; deontology‚ utilitarianism
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Associate Level Material Ethical Theory Comparison Chart Respond to the prompt for each of the five ethical theories listed. One section on each chart has been filled in as an example. What is good? (1–2 sentences) Aristotle – Virtue Ethics Mill – Utilitarianism Kant – Deontology Consequentialism Noddings – Care Ethics Aristotle believed that we as humans have natural obligations that provide happiness. Happiness consists of pleasure and the capacity to develop reasoning. For J.S. Mill‚ decreasing
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A CASE STUDY ON ENRON CORPORATE FRAUD (2001) Submitted by: AMIT SHARMA PGDM (016)/09-11 What is FRAUD? In the broadest sense‚ a fraud is an intentional deception made for personal gain or to damage another individual. The specific legal definition varies by legal jurisdiction. Fraud is a crime‚ and is also a civil law violation. Many hoaxes are fraudulent‚ although those not made for personal gain are not technically frauds. Defrauding people of money is presumably the most common type
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What happened in Enron and Arthur Andersen? United States ’ seventh largest company Enron‚ with the slogan "Ask Why" was admired for its innovation‚ but it all ended up in bankruptcy and criminal matters. The company filed for bankruptcy in December 2001. This was one of the world ’s biggest corporate scandals in history. USA ’s seventh largest firm had in over sixteen years increased its assets from 10 billion to 70 billion U.S. dollars‚ and was by the stock market analysts from Wall Street
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Enron was originally a pipeline company in Houston‚ Texas in 1985. Enron became a company that was able to profit by providing deliveries of gas to utility companies and businesses. As the deregulation of electric power rose‚ Enron diversified the business and entered into an energy broker‚ which traded electricity and other types of commodities. Enron employed several highly qualified PHDs in mathematics‚ physics‚ and economics. Enron continued to enter into contracts with customers and utilized
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