Ethical Theory Summary This is an outline and summary of three of the most prominent ethical theories in the history of philosophy. (Note that all three of these represent different ethical absolutist/universalist theories. A view known as ethical relativism follows these.) Please take this as a sketch that invites you to investigate these ethical theories further. After each brief sketch‚ I will provide some web links that will be helpful to read. Virtue Ethics (especially Aristotle)
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Wealth Maximization Concepts Worksheet Wealth Maximization Concepts Worksheet Concept Application of Concept in the Scenario Reference to Concept in Reading Increased Revenue Avral Electronics has increased their shareholder base and has increased their revenue by tripling their annual revenues from $300 million to $900 million in only five years. Robert Paget is a major reason this has been accomplished due to his aggressive go-getter attitude in negotiation. "Increased revenues may come
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Axia College Material Appendix B Ethical Theories Chart Complete the chart below using information from the weekly readings and additional research if necessary. Ethical Theory | Utilitarianism | Deontological | Virtue ethics | Definition | Moral decisions require taking full advantage of the benefits as well as minimizing the damage to society. (Trevino & Nelson‚ 2007) | Somebody who concentrates on carrying out what is “right” consistent with their own ethics as well as ideals. (Trevino
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relations with people of all social‚ financial and ethnic levels forms the basis of who I am professionally and personally. In this course‚ we learned about ethical theories and theories of justice as it relates to moral rights and social justice. These theories have exerted influence on my leadership style as a middle school principal. Theory of social justice is important to me as a leader. As a leader‚ I am cognizant and refuse to be oblivious to the fact equity in resources and opportunities
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The exemplar that shall be discussed and analysed would be the empowerment exemplar. In order to analyse the ethical decisions made‚ it is important to assess the patient holistically. It is important to assess the impact that the symptoms may have on the patient’s quality of life. For instance‚ would amputating her leg immobilise her? Physically‚ if the patient is to remain not amputated would that increase the risk of infection or would the ulcers worsen? The risk factors should also be assessed
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manager (as well as the firm) is the maximization of shareholders’ wealth. A good financial manager therefore should carefully consider and weigh the risk of undertaking a certain project against the profits associated with undertaking such a project. Capital Budgeting techniques enable the manager to make such decisions. The first question that comes to mind is‚ when making a capital investment decision‚ should we focus on cash flows or accounting profits. The book is stating “In measuring
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Comparing Ethical Theories ETH/316 January 1‚ 2012 Comparing Ethical Theories Ethics is a philosophy that studies morality. Principles of doing right and wrong are inspired by ethical theories such as virtue ethics‚ utilitarianism‚ and deontology. Virtue Ethics Virtue is synonymous with quality. Virtue ethics‚ known as character ethics‚ is a theory based upon the qualities of goodness and quality. A person who subscribes to virtual ethics believes they should live their life should be
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Comparing Ethical Theories Joseph Spor ETH/316 May 28‚ 2012 Ralph Hutton Comparing Ethical Theories The philosophy of ethics has been studied and debated for many centuries. While there are varying definitions of ethics‚ many who study the topic would agree that ethics can be described two ways. First‚ ethics can be considered to be the standards of right and wrong that outline what a human being ought to and ought not to do. In other words‚ they are the standards that tell us to be honest and
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Reporting Practices and Ethics HCS 405 Sound financial‚ ethical practices in for-profit and non-profit health care organizations are important because they increase the confidence that all stakeholders have in the organization. Health Care managers have to ensure that good ethical practices are employed while carrying out all the elements of health care finance management to ensure financial stability for the organization and preference from consumers and stockholders. There is
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Comparing Ethical Theories Several ethical theories are available for study‚ while there are differences among them there are also many similarities. This paper will discuss the similarities and differences in Virtue Ethics‚ Utilitarianism‚ and Deontological ethics. Virtue ethics are based on what is meant to be good. A person is of good moral character after a lifetime of habits that lead to excellence (Boylan‚ 2009). Virtue ethics are composed of standards accepted by the community
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