SUMMARY Moral Hazard in Equity Contracts: The Principal-Agent Problem The separation of ownership and control involves moral hazard‚ in that the managers (the agents) may act in their own interest rather than in the interest of the stockholder-owners (the principals) because the managers have less incentive to maximize profits than the stockholder-owners do. Tools to Help Solve the Principal-Agent Problem Production of Information: Monitoring Stockholders engage in a particular type of information
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“Moral Intelligence” Authors: Doug Lenick and Fed Kiel Critiqued by: October 10‚ 2007 Fall 2007 Class Honor Code: “I declare and affirm that the work submitted herein is my own work product from my own labor‚ efforts‚ and endeavors‚ and that I did not seek‚ receive‚ offer‚ or accept unauthorized aid or assistance or use of the work product of another‚ unless otherwise so stated fully and completely herein.” What does it take to be a great leader? Doug Lennick‚ author
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Moral Dilemma What people feel morally obligated to do depends on the situation. In general‚ I think everyone can agree that it is immoral to take someone’s life‚ but there are situations where people might think otherwise. There are also other less severe circumstances where people’s morals are put in question. In the end‚ it depends on one’s personal moral beliefs on how they would act when in certain instances. The first dilemma I chose was the fat man and the impending doom. Without a
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Culture and Moral Development Another criticism of Kohlberg’s view is that it is culturally based. A review of research on moral development in 27 countries concluded that moral reasoning is more culture-specific than Kohlberg envisioned and that Kohlberg’s scoring system does not recognize higher-level moral reasoning in certain cultural groups (Snarey‚ 1987). Examples of higher-level moral reasoning that would not be scored as such by Kohlberg’s system include values related to communal
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the destruction that follows when ambition goes beyond moral constraints. To fully understand the extent to which Macbeth is a morality play‚ it is essential to give consideration to the context of the time during which the playwright penned the drama. Theatre was a major social event that not only brought society together but also taught the audience‚ regardless of their social class‚ how to behave in order for society to maintain its moral order. Shakespeare used the beliefs and current events
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way. After that‚ what I should do is to encourage others to do the similar things. Moral compass should run through the whole process. An individual’s effort is meager but we should not neglect it. Just as the recycle‚ if I do well in recycling every time I want to throw my rubbish and tell others the importance of recycle‚ more and more people will be impacted if I carry on doing this. Key Take-away Moral compass is the principle and norm that leads us to proper and right behavior. Doing
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(A) of the core moral responsibility This is done by P. Pula Li (Peter Pratley)proposed. Pula Li believes that "the same as the implementation of quality management‚ companies also accept the moral responsibility of the concrete. at the lowest level‚ the enterprise must take three responsibilities: (1) concern for consumers‚ such as the ability to meet the ease of use‚ product safety And other requirements; (2)concern for the environment; (3) interest on the minimum working conditions. "Platts these
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IS MEDIA DETERIORATING OUR MORAL VALUES? I believe that moral values‚ being the difference between rights and wrongs are always traced back in ones religion and they always exist within ones self not in media. The conduct of human beings living in societies which include inward activities like motive and desire as well as outward activities like speech and movements of the doer’s limbs is judged to be right or wrong‚ to be good or bad by Personal ethics-the set of ones ethical commitments usually
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make them‚ or you have to contemplate on them. Undoubtedly‚ in the end‚ your morals determine your actions. Internally‚ you have to have moral courage to do what you trust is right and standing up for what you believe in. Moral courage is doing the right thing because it’s right‚ not because of eminence and riches. People morally courageous do what is morally right even if you get hurt or because it is difficult. Moral courage is taking action no matter what the consequences. In Antigone‚ the play
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Moral development 0-19 There is no moral development between the ages 0 and 18 months. 18mths to 2years- Is sensitive to adult approval and disapproval and will actively seek to make adults happy despite their tantrums. 2 to 3years- appears independent and wants to be good‚ but is not yet mature enough to be able to carry out most promises they make. 3 to 4years- Begins to know right from wrong. Finds other’s opinions of self to be important. Is more self-controlled and less aggressive
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