less people consider the virtues that engineer learned in their undergraduate degree. Consider the outcomes of this scenario if the person who built that device was not a virtuous human being. Virtue ethics is a branch of philosophy which seeks to answer the question of what kind of person one should be. It was originally proposed by Aristotle who argued that all things have a purpose in this world‚
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Nicomachean ethics is the name of Aristotle’s work on ethics based on lectures he wrote. It is said that Nicomachean ethics were named after either Aristotle’s son or father as they were both named Nicomachus. Aristotle believed that happiness is what makes a person pure. To make this one virtue true‚ Aristotle believed that there were four moral virtues that worked together; the virtue of great soul‚ justice‚ practical judgment and being a truly good friend. From Aristotle’s notes‚ are ten books
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Aristotle originally introduced virtue Ethics to society in ancient Greek times. Virtue Ethics tells us that we should look at the character of the person instead of the actions or duties a person performs. Instead of concentrating on what is the right thing to do‚ virtue ethics asks how you can be a better person. Aristotle claims that leading a virtuous life is easy‚ and those who do‚ do so to be happy. Happiness is the ultimate goal for everyone in life. To become a better person‚ you must practice
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. Following parties are believed to be the most responsible for the crisis. With any big organization going so bad‚ the blame starts with the top level executives‚ there was no different in this case. For Enron the blame started with Enron’s
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Enron a Case Study Enron‚ once known as the worldwide leader in energy trading‚ began as a natural gas pipeline company. “At its peak‚ Enron brokered up to 20 percent of America’s energy transactions. These included basic contracts to deliver natural gas from wells to pipelines for distribution to homes‚ contracts for the purchase of electrical power facility out port‚ and more complex financial contracts‚ which allowed power companies to manage price and market risk” (Ackman)
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As the lead surgeon and the sole decision maker for all transplant cases‚ I have a dilemma on my hands. I had just received a call and was notified that a heart has become available for a transplant. I currently have 3 patients that are candidates for this heart. Time is of the essence; therefore I have decided to give the heart to Jerry‚ a 55 year old‚ married and father of 3 children. I believe Jerry is the best candidate for the transplant because of his overall situation. As I mentioned before
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The three types of theories are utilitarianism‚ deontology‚ and virtue ethics. Utilitarianism is the act of looking at the results and/or penalties of something and choosing to act in a way that yields the best results for the utmost outcome. Deontology is treating other people with respect and dignity‚ treating others as we want to be treated. Virtue Ethics concentrating on the significances of the act we wish to evaluate‚ or the reason or rule that guides the action‚ we look at the character
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over many years. BCCI was paying its auditors $5 million per year to conduct audits which each year took nearly five months. if properly done‚ these audits should have uncovered the problems and forced action long before April‚ 1990 4. In the case of BCCI‚ there can be no question that the auditing process failed to work. As the Bank of England stated in determining that BCCI be closed 5. Given the demonstrable failure of the auditing process‚ serious questions have been raised about
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CASE STUDY: CORPORATE GOVERNANCE AND THE FALL OF ENRON Introduction to the Enron Case Enron was one of the world’s leading energy traders born from deregulation of these markets in certain US states. It rapidly grew and the world followed suit. It was nominated ‘World’s Most Innovative Large Corporation’ six years in row and valued at 64 times its earnings and 6 times its book value. It had one of the highest paid CEOs in the world in 2000. It led an aggressive and apparently effective expansion
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the principles of right and wrong that are accepted by an individual or a social group) "the Puritan ethic"; "a person with old-fashioned values" (a system of principles governing morality and acceptable conduct) motivation based on ideas of right and wrong the philosophical study of moral values and rules known as moral philosophy is a branch of philosophy that addresses questions about morality—that is‚ concepts such as good and evil‚ right and wrong‚ virtue and vice‚ justice‚ etc. Major branches
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