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 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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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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Kohlberg’s Moral Development Psych/500 October 14‚ 2012 Is it morally acceptable to steal food from the wealthy to feed the poor? This was the type of question Lawrence Kohlberg‚ an American-born Harvard Professor‚ would ask of his research subjects. Dr. Kohlberg was fascinated by the cognitive development work proposed by Swiss theorist Jean Piaget (Long‚ n.d.). “Kohlberg’s work aids both our understanding of the ways in which individuals make moral decisions‚ and demands that we use a
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Describe and evaluate two theories of moral development. This essay will demonstrate the explanation and the evaluation of two different theories of moral development. Moral development is related to behavior‚ and psychologists mean by moral behavior is that the judgment of person. Jean Piaget is the most renowned psychologist for his work on moral development. However‚ his theory was limited and not developed as Lawrence Kohlberg’s theory‚ but Piaget made a favour for Kohlberg by provided
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Lesson Learned We are all humans therefore we all make mistakes‚ but the one thing that comes out of these mistakes‚ is we usually learn a lesson. Making mistakes is human nature‚ none of us are exempt. That is even true in writing this paper. I will have to write many drafts without errors to meet what I feel is right. It would only be natural for me to make mistakes while writing this paper. But‚ just as in making errors on this paper and corrections‚ making mistakes in life
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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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Due: 4 October 2012 TASK: Critically discuss the idea of moral panic in the social construction of deviance. INTRODUCTION In order to discuss the idea of moral panic in the social construction of deviance it is important that these three concepts be first defined. Only then is it possible to initiate or conduct an interrogation of the links and connections between the two main inseparable constructs‚ which are moral panic‚ and deviance. In brief deviance is defined as “violations of
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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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