Legal Environment of Business Legal Environment of Law – Paper 1‚ Spring 2009 “Effects of government bailout of General Motors as viewed by two contrasting government control views” Summary This report is based on the notes I took listening to a debate I overheard from two of the presenters‚ Jurgis and Equality‚ at a business seminar I attended. The topic of the debate was the need for the government to provide more assistance to General Motors‚ who already received stimulus payments
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Journal of Business Ethics (2009) 91:65–82 DOI 10.1007/s10551-009-0068-2 Ó Springer 2009 Analyzing Insider Trading from the Perspectives of Utilitarian Ethics and Rights Theory Robert W. McGee ABSTRACT. The common view is that insider trading is always unethical and illegal. But such is not the case. Some forms of insider trading are legal. Furthermore‚ applying ethical principles to insider trading causes one to conclude that it is also sometimes ethical. This paper attempts to get past
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Deontological ethics is too rigid in its emphasis on duties‚ utilitarian ethics too keen to override basic human rights. Deontology and utilitarianism are both types of ethics referring to how one reacts in a certain situation. Deontology is based on following a set of duties and sticking to these duties no matter what the consequences whereas utilitarianism is based on choosing the best outcome over a short term and long term even if it means depriving people of basic human rights for example
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Why should directors‚ executives‚ and accountants understand consequentialism‚ deontology‚ and virtue ethics? Consequentialism is based on the concept that the moral worth of an action is determined by its outcome. And that the consequences of one’s conduct are the true basis for any judgment about the morality of such conduct. Thus‚ from a consequentialist standpoint‚ a morally right act‚ or failure to act‚ is one that will produce a good outcome‚ or consequence. This view may also be expressed
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I can completely relate to your views on how Martin Luther King Jr. used the 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
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An exploration of utilitarian context in the short story “The Ones Who Walk Away from Omelas” In the story “The Ones Who Walk Away from Omelas” there is an underlying instrument for gaining opulence. The instrument in this story is a strain on one’s moral code and buried deep in tradition. Mrs.Le Guinn‚ the author of “The Ones Who Walk Away from Omelas”‚ utilizes this short story to portray how utilitarianism is justified‚ accepted‚ and deemed tolerable within society‚ even to the point of sacrificing
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Compulsory Licensing in the light of John Locke’s Concept of Property and Utilitarian Concept of Bentham Introduction:- Is it fair to grant compulsory licensing to any person of any persons’ intellectual property for which he is demanding higher price? Intellectual Property is “jura in re propria”. It is a valuable intangible property which vests on the owner in the form of artistic‚ literary‚ dramatic‚ musical‚ cinematographic works and sound recording. It also exists in any new creation which
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Discuss the distinction between a fundamental and a subordinate moral principle using the utilitarian theory as an example. A fundamental moral principle is a moral principle which is the ultimate basis for evaluating the rightness or wrongness of all acts. It is the ultimate and final reason in itself. It is the intrinsic value of the moral principle itself‚ not that it appeals to other moral principle or justified by other reasons‚ that makes it the fundamental moral principle. The absolutist
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experimentation. How far can medicine go in the name of progress or helping humanity? Dr. Luthan discovers that homeless people were being used as guinea pigs in experimental research for the good of humanity. Using the philosophical approaches of Kant’s Deontology and Mill’s Utilitarianism‚ I will present the ethical parameters of Dr. Luthan’s dilemmas and how these two theories explore the moral nature of human beings. Kant’s moral system is based on a belief that reason is the final authority for morality
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Title: Application of ethical principles; utilitarian‚ moral rights and Justice Models to an Australian case study As demand and competition increases‚ companies have reduced their cost and increased their profits by turning to countries with less expensive labor. Roberts (2013) revealed that workers at the Indonesian Nike factory are being forced to work for less than minimum wage and being threatened through the hiring of military personal. Harrison (2010) when obtaining goods it is important
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