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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Every organization should include good business ethics. Moral reasoning is integral part of business ethics. L. Kohlberg determined three levels of moral development that consists of six stages. The stages of Kohlberg ’s model relate to the qualitative moral reasoning adopted by individuals. According to this model‚ a person can not skip any stages and make headway sequentially. So‚ in this essay I will analyze Kohlberg ’s levels of moral reasoning‚ my own development concerning this model‚ how
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Moral and Ethical Issues in Teacher Education. ERIC Digest. This ERIC digest will address two components related to the moral and ethical preparation of teachers. First it will consider issues related to the identification and assessment of professional education‚ and then it will address foundations and specific models for the preservice training of teachers of character. ISSUES OF PROFESSIONAL ETHICS IN EDUCATION Consider Irma‚ the student teacher. Not only does she already have a contract
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Moral Leadership and Ethics (Sacha Fuller) If your actions inspire others to dream more‚ learn more‚ do more‚ and become more‚ you are a leader. – John Quincy Adams A promotion to management or obtaining a leadership role in an organization is not the only thing needed to be considered a leader. A sound foundation in morals‚ values‚ and ethics are needed to be an efficient and effective leader. A leader must stand out from the rest. As a leader‚ one must know what they value in their subordinates
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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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DIFFUSING MORAL PANIC EVENTS The term moral panic is used to define events of amplified public reaction to a particular situation (Cohen‚ 2002). It is a social phenomenon characterized by the collective overreaction to an event‚ such as a crime‚ that is new or has been present long enough and suddenly sprouted (Cohen‚ 2002; Goode & Ben-Yehuda‚ 1994). According to Cohen (2005) moral panics do not date or‚ in other words‚ its generation is similar regardless of the time period and the place. Stanley
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Moral Truth What is Moral truth? In Sam Harris’ book “The Moral Landscape”‚ he explains his ideas on moral truth. He explains that moral truth is so complex because of personal whim‚ and cultural influence. He explains his ideas of moral truth through science‚ objective and subjective‚ and consensus and consciousness. With these ideas Harris is able to define moral truth to his best ability‚ because it is such a difficult subject to understand. In the chapter on moral truth‚ Harris explains
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MORALS AND ETHICS PREVAILING STANDARDS AND MEASURES TO IMPROVE THESE INTRODUCTION 1. The traditional military ethic of our army can be described on the concept of ‘Namak’ or salt. One is supposed to be faithful to the person whose salt one has eaten. The allegiance is not necessarily to the state but to what the soldier serves directly – the regiment or may be his direct superior officer. 2. During the tenure of the British Raj‚ the ruling power had assigned a unique position
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4 November 2012 HUM 115 Catherine Reynolds: Moral Dilemmas The five of the moral dilemmas I chose were the following: The Partiality of Friendship; A Poisonous Cup of Coffee; A Callous Passerby; The Fat Man and the Impending Doom; and A Father’s Agonizing Choice. Out of these 4 dilemmas I have chosen the dilemma that is titled: A Callous Passerby. The reason why I chose this particular one is because I got a story that relates to this story. When it comes to saving a person life and not caring
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Moral Development | Morality as Rooted in Human NatureDescribe and evaluate the biological perspective on morality. * The biological perspective on moral development assumes that morality is grounded in the genetic heritage of our species‚ perhaps through prewired emotional reactions. Humans share many morally relevant behaviours with other species‚ and the ventromedial area of the frontal region of the cerebral cortex is vital for emotional responsiveness to others’ suffering. Nevertheless
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