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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of Enron were the large number of highly complex accounting entries. For example energy traders were required to book all the projected profits from a supply contract in the quarter in which the deal is made. Such accounting procedures are inherently risky as they make assumptions about price forecasts which can drastically affect earnings. Another inherent risk factor is the frequency of related party transactions. The special purpose entities Enron was trading with were created by Enron and
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illegitimate use. Do drug manufacturers have any moral responsibility to ensure that their products are not put to such use? In this paper I am going to discuss the six different ethical theories‚ including utilitarianism‚ kantian ethics‚ natural law theory‚ virtue theory‚ care ethics‚ and symphonology. The first theory that will be discussed is
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Assignment: The Enron and World Com Scandals ACC/260 September 17‚ 2010 Pp 106-107 1. Which segment of its operations got Enron into difficulties? The segment of operations that started the difficulties with Enron went back to the guarantee of loans in order to bridge financing with investments of an outside investor that was never found. Documents were later forced to be restated with activities of other companies that had to be consolidated into Enron’s accounts. 3. Did Enron’s directors
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Enron: The Smartest Guys in the Room I. Review of the documentary Enron: The Smartest Guys in the Room is a documentary that was produced in 2005 as a reflection of the 2003‚ bestselling book with the same name. The documentary was written by Bethany Mclean and Peter Elkind. The film‚ produced by Alex Gibney is an explicit demonstration of how reputable corporations can tumble down because of illicit financial management. The film is about the Enron Company‚ which experienced enormous financial
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Enron: Questionable Accounting Leads to Collapse In the case of Enron‚ it comes down to pure greed and a lack of accountability. From the top‚ there was illegal activity with Ken Lay‚ Jeffrey Skilling‚ and Andrew Fastow who raided the company as though it was their own personal bank. On top of that‚ the culture of the rest of the company was to make as much money as they could and employees were rewarded by the amount of profit they could make without questioning the ethical means to do so.
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Lesson Learn From Enron and Arthur Anderson The story of Enron and Arthur Anderson is a tale of great dishonest within the American Global financial system. Arthur Anderson L.L. P once one the highest paid accounting firms in the U.S now in shamble after a U.S. lawsuit. Enron once named “America’s Most Innovative Company” by Fortunes magazine. Two or the countries best companies‚ now the country most well know financial debacle The lesson that was learned in Arthur Anderson and Enron financial collapse
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Utilitarianism‚ yet another ethical theory between right or wrong. If everyone acted in an effort to promote the greatest good for the greater number of people our universe would exist with a utilitarian state of mind. Although‚ when one looks at this statement on the surface without further analyzing it‚ most would assume that existing in a universe where everyone seeks the happiness for the greatest amount of people that it would be greater one to live in. Although‚ surface wise we can make
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a) Sally has the option to illegibly document nursing notes to reflect duties and responsibilities towards the patient that she did not performed to preserved her job. b) Sally should consider the ethical and legal principles of autonomy and beneficence as she decides whether to revise her notes as requested. The principle of autonomy implies Sally has the right to decide what is best for her own interest. The principle of beneficence implies Sally is under the obligation of doing good‚ demonstrating
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In the final scene of the movie Crimes and Misdemeanors‚ I believe the fictional philosopher Louse Levy’s message was very similar to philosophy Jean-Paul Sartre and his theory on existentialism. One of Sartre’s quotes‚ “Man is nothing else but that which he makes of himself.” Levy is trying to convey that we are in control of our choices and we choose our own happiness. In the final scene of the film Levy states‚ “We’re all faced throughout our lives with making conscience moral decisions. Some
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