she experienced a major ethical dilemma. The company WorldCom was a very successful company up until the middle of 2000 when the telecommunication industry entered a protracted slump. The company’s earnings were not Wall Street expectations‚ and it was saddled with unpaid bills. Vinson’s job was to repair the problem by doing some wrong accounting practices. The ethical dilemma is weather she should or shouldn’t do and the consequences if she does or doesn’t do. What ethical decision should Betty Vinson
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Mike Delaney Ethics paper Psychological egoism is the idea that people do everything with self-interest as their main motivator. If people help others‚ so even when people are being altruistic they are ultimately doing so because of the gain that they expect to get in one way or another. Psychological egoism is also a theoretical form of egoism because it describes only what is observed and not the way it is supposed to be like in a normative egoism. Thomas Hobbes felt that without some
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Merriam-Webster collegiate dictionary defines egoism as "a doctrine that individual self-interest is the actual motive of all conscious action." Social responsibility entails one ’s actions benefiting one ’s society more than oneself. A cost benefit analysis sided towards the many rather than towards the individual. In the two books The Elements of Moral Society and Ethical Issues in Engineering by James Rachels and Deborah Johnson respectively‚ the subject of egoism and social responsibility come up.
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Throughout our class we have discussed many theories and strategies to help understand why moral conflicts get solved different ways. These theories‚ particularly ethical egoism and act/rule utilitarianism‚ can be used to explore different ways in deciding the morality of whether or not Sarah would steal. Ethical egoism is defined as “the theory that the right action is the one that advances one’s own best interests.” (Vaughn‚ 78) According to this theory‚ it would be morally right for Sarah to steal
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set of moral principles or value" or "a theory or system of moral values." Ethics assists individuals in deciding when an act is moral or immoral‚ right or wrong. Ethics can be grounded in natural law‚ religious tenets‚ parental and family influence‚ educational experiences‚ life experiences‚ and cultural and societal expectations. Ethics in business‚ or business ethics as it is often called‚ is the application of the discipline‚ principles‚ and theories of ethics to the organizational context.
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available cash resources to the modernization of facilities in order to better compete in the 21st century.” Is a 5% stock dividend equivalent to a $1.00 per share cash dividend when shares are trading at $20 per share? Is the chair’s suggestion ethical? In this case‚ we see the problem is whether we choose cash dividend or stock dividend. But before we made our decision we must have to understand that neither cash nor stock dividend changes the shareholder’s net worth in the company (table)
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once in two minds whether to hide his true identity or to save the guiltless prisoner who was mistaken for him. If he spoke the truth‚ he would be condemned‚ which meant an end to his freedom. I have been in this situation before‚ on the horns of a dilemma‚ not knowing to do what was good for me or to help a friend. It happened in a one-period test. Since I and a girl sitting next to me had not studied it over‚ we decided to cheat by putting the book in her desk case. The test went on well until I
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Hira Abad 11 May 2009 Euthanasia-An Ethical Dilemma Death is nothing new‚ it has existed for thousands of years. Lately‚ we are forced to rethink the issue of death and we must decide what types of practices and behavior are ethical when someone is dying. One such practice-which has posed a moral and ethical dilemma for the society- is euthanasia. Euthanasia or "mercy killing" is the act of killing a person‚ who is ill and in great distress‚ without the hope of recovery in spite of
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1. The ethical issues in this case are employee theft‚ company resource abuse‚ conflict of interest‚ misuse of company’s confidential information‚ lying and intimidating behavior. Jack is misusing the company’s confidential information to do work for some clients outside of A&A. There is a conflict of interest because Jack represents A&A and has gained the trust of the company. Jacks’ ethical issues arise when he denied a promotion to a partner’s position in the firm‚ by stealing the company’s software
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My reflection on Ethical egoism of Ayn Rand is that she believes that Objectivism’s politics derives immediately from its ethics‚ which provides the principles for "how man should treat other men." These principles of ethics provide the foundation for "the principles of a proper social system." Objectivists hold that laissez-faire capitalism is "the only moral social system." Rand’s defense of individual liberty integrates elements from her entire philosophy. Since reason is the means of human
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