1. Describe the situation at Lehman Brothers from an ethics perspective. What’s your opinion of what happened here? To attribute Lehman’s failure to “unprecedented adverse events in the financial markets” completely overlooks the irresponsible ethical behavior of employees and managers. Students should mention the culture of corruption that existed at Lehman’s and the lack of controls that ultimately resulted in their downfall. An interesting finding was the acceptance of a rule‚ Repo 105‚ that
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Part 2: Explain and evaluate criminal behaviour using two psychological approaches Psychology is an detailed‚ scientific study of the mind and behaviour. It clarifies how one may think‚ behave and feel‚ both individually and as a part of a social gathering. It also focuses on how the changes in ones brain can effect its structure and the way it causes the individual to behave in certain environments or situations. There are five major approaches in psychology; behavioural‚ biological‚ psycho-dynamic
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Parmalat It has been named as “Europe’s Enron” – the legend that took down Italy’s milk selling company Parmalat and its controlling executives‚ American banks‚ audit firms‚ even politicians and 130‚000 of its helpless small shareholders after the discovery in the year 2003 of the $14 Billion black hole in the company’s finances. The company’s fraud was uncovered when the company failed to pay the cash to the bondholders. Summary: This discovery led to eight years of court cases in Europe
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friend about a company’s intention can be construed as disloyalty to the company? Moral Philosophy: the principles and rules that are used to decide what is right or wrong; a moral philosophy states an ideal perspective that most people accept Prescriptive approach to decision making: Consequentialist/Teleological: (consequences) the morality of behaviour is evaluated on the basis of its consequences; behaviour or conduct is morally right if it produces some desired result – pleasure‚ promotion‚
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Principles and values in health and social care Care plan This procedure processed that has been put out in place to help the service users meet his or her needs and successful care plan will follow these steps 1. Assessing needs - this is done through observations by care workers and professionals‚ discussions with service users family 2. and friends‚ reference to medical notes and earlier history‚ and through conversations
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Legal Issue in Business: The Case of Enron [Name of the Writer] [Name of the Institution] Legal Issue in Business: The Case of Enron Introduction Business ethics is based on normative ethics ‚ standards that ethics are upheld and applied specific to distinguish what is right or wrong‚ that is to say what should be done or who should not be fact. However‚ with few exceptions‚ business ethicists are usually less interested in the foundations of ethics (meta-ethics) or by the principles
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Gibney’s film version of the rise and fall of Enron‚ do you accept Joel Bakan’s argument that the corporation shows “psychopathic” traits? I agree with Joel Bakan‚ however‚ just partially about the corporation Enron showing ‘psychopathic’ traits. Yes there are traits that they were doing unethical actions that completely ruin many people life-long works and their lives; nonetheless‚ in my opinion‚ those actions were intentional. The executives at Enron were gambling intelligently‚ according to the
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Curriculum Approach Each curriculum describes several and different approaches which reflect the developer’s view of reality‚ philosophy‚ history‚ psychology‚ social issues‚ and the domains of knowledge. For every approach‚ it expresses an orientation or perspective about curriculum development which impacts on the design of the curriculum‚ the role of schools‚ administrators‚ teachers‚ learners‚ curriculum specialists‚ and requirements for implementation and evaluation such as instructional
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Enron was once one of the world’s leading electricity‚ natural gas‚ pulp‚ paper and communications companies. However‚ in December 2‚ 2001‚ Enron suddenly filed for bankruptcy. During the ten years before Enron¡¦s went bankrupt‚ Enron¡¦s management had started transferring Enron¡¦s funding to personal accounts and made fake balance sheets‚ which provided investors information about how this company goes. (Gibney‚ 2005) These illegal actions‚ performed by certain individuals‚ finally led Enron to
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Abstract Enron became one of the largest natural gas and energy trading companies in the world. During the 90 ’s Enron was considered as an innovative company within the global business market. Enron was known for its unique innovative technologies and distinctive approach to trading in the world of e-commerce. On December 2‚ 2001‚ Enron announced the biggest bankruptcy in history and when many people hear the word‚ Enron they associate it with the one of the most important accounting scandals
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