Section 5 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. What is credit? Credit is a commitment to pay for something in the future‚ instead of paying for it right away. (0.5 points) 2. What is a credit score? credit score or credit rating is a number that tells lenders how likely you are to make payments on time. (0.5 points) 3. What is installment credit? Installment credit is when you borrow a specific amount
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Ethical Decision in Assisted Suicide Assisted suicide is mostly associated with doctors‚ whereby; a medical doctor intentionally makes the means available for a patient to kill him or herself. Enormous health challenges make patients contemplate suicide and do request their physicians to assist them make the suicide possible. Doctors can provide the means to death usually through an overdose of prescribed medication; hence‚ the individual dies because of a drug overdose rather than from
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organizational decisions by applying the knowledge of normative ethical theories. The first step to make an ethical decision is recognizing the moral issue. (Jones and Ryan‚ 1998) The knowledge of normative theories would aid decision maker in recognizing the moral issue. I will begin with the virtue ethics of the normative ethical theories that tell us in order of making an ethical decision‚ the integrity or character of the decision-maker is more important than the morality of the decision. (Trevino
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Values and Ethical Decision Making Values and Ethical Decision Making The company that I chose to compare to my Ethics Awareness Inventory Scoring Summary is Pfizer. Pfizer is a multination pharmaceutical company; they develop and produce medicines and vaccines for a wide range of conditions. Pfizer is a company had an annual income of 67 Billion dollars last year (P.‚ 2012). Some of the popular products that Pfizer makes are Advil‚ Celebrex‚ Viagra and Lipitor. The reason I chose Pfizer
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utilitarian approach for ethical decision making. Your examples for individualism and utilitarian added nicely to your views. Two more ethical decision making approaches that Martin Luther king also used are moral-rights and justice. For moral rights‚ “managers need to avoid interfering with the fundamental rights of others‚ such as the right to privacy‚ the right of free consent‚ or the right to freedom of speech” (Daft & Marcic‚ 2015‚2013 p. 149). The justice approach states that moral decision must be
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skillfully accepted decision-making model and apply the model that is most relevant to my particular situation. Failing to follow the model is an ethical problem in itself; for the reason being that I would creating a greater risk to the public if I were to rely on my own intuition alone about the situation. In my situation‚ I will be integrating Welfel’s ethical decision making model to come up with a final decision. First‚ I am going to recognize that there is an ethical dilemma.
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ETHICAL DECISION MAKING BY INDIVIDUALS IN ORGANIZATIONS: AN ISSUE-CONTINGENT MODEL THOMAS M. JONES University of Washington The Academy of Management Review‚ Vol. 16‚ No. 2. (Apr.‚ 1991)‚ pp. 366-395. Abstract Existing theoretical models of individual ethical decision making in organizations place little or no emphasis on characteristics of the ethical issue itself. This article (a) proposes an issue-contingent model containing a new set of variables called moral intensity: (b) using
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Merck and Vioxx: An Examination of an Ethical Decision-Making Model Erin Cavusgil ABSTRACT. Marketing researchers have proposed various conceptual models of ethical decision-making to better clarify the steps in the decision-making process. However‚ lacking in the literature is comprehensive empirical validation of these models. This manuscript examines the ethical decision-making model proposed by Ferrell et al. [1989‚ Journal of Macromarketing 56(Fall)‚ 55–64] in the context of a real-world
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Ethical Standards and Decision Making Introduction There are ten different standards in the code of ethics. All of these standards are important in their own way. However‚ Competence in psychology is possibly more important. Competence is important because the knowledge available in the psychology field is forever changing. There is always something new to learn and to stay up to date on all information in psychology can be very overwhelming. With these ten standards being known‚ the next thing
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that I had to choose between the law and making an ethical decision. I did not have a perfect life nor come from wealthy family. The choices I had made throughout my life are to always stay out of trouble or stay away from trouble. My parents were strict and I was disciplined to do what is right or you would get spanked. In my culture you are raised to respect your elders and do what is right for the family. So this is a really a tough question to answer based on the experience I have had growing
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