and virtue ethics. Deontological‚ and teleological are considered action based theories of morality; they focus completely on the performance of a person’s action. Teleological or consequentialist is ones action judged morally right based on their consequences. When actions are judged morally right and how they conform to some set of duties‚ then it’s a deontological ethical theory. Both systems deontological and teleological focus on asking‚ “What should I do?” however in virtue ethics‚ it focuses
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The NCA 5 principles of Ethics are: Respect‚ Honesty‚ Fairness. Choice‚ & Responsibility. In the article for Cheating Incorporated: AshleyMadison.com does not measure very well with the NCA 5 principles. 1.) Respect: It dealt by treating others the way you want to be treated and shows the “We-Orientation” were you consider your results of your actions affecting other people. With AshleyMadison.com‚ the website does not measure to this principle at all. It uses the “Me-Orientation” status
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There is a very clear way that any sophisticated utilitarian could handle this proposal. Obviously‚ they have to consider that the limited sports program needs to be incorporated‚ but at the same time they can’t cut too heavily into the current sports program. There is a very clear plan that would allow the physically impaired student to have their new sport program added‚ without greatly hindering the current sports program. It has been said that the cost of the new program is four times as high
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Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors in their
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When comparing virtue theory‚ utilitarianism and deontological ethics‚ you must look at the similarities and the differences. Each idea has many key points; virtue theory is defined as your personal behavioral characteristics. If you are a good person‚ your values will be good values. Utilitarianism believes that if your action is right‚ it will promote happiness and if it is a wrong action the reverse will occur (West‚ n.d.). Deontology is considered morally right because of some characteristic
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the Causes and Effects of the Enron Accounting Scandals Name: Do Minh Tam Class: MEP 100 Lecture: Karen Bird Date: December 24‚ 2010 Introduction Background From the 1980s until now‚ there have been a lot of accounting scandals which were widely announced on by media. The result of this situation is many companies were bankruptcy protection requests‚ and closing. One of the most widely reported emulation of accounting scandals is Enron Company. Enron Corporation is one of the largest
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Ethics is a system of moral principles. The society depends on ethics from people‚ companies and the government in order for a civilized world. What happens when an unethical behavior is done? What if it is done by a large corporation‚ large enough to hurt the economy? The Enron scandal is an example of a historical exposure of unethical behaviors within a company and it is also one of the largest corporate scandals in America. Enron started as a gas pipeline company. It soon expanded into the
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“it is a person that is the source of value. A person is of infinite worth‚ and what a person has‚ what a person does‚ what a person believes‚ what a person enjoys are all dependent upon the person’s and the person’s autonomy. Kant says that the virtues themselves evenness of temper‚ patience‚ can be turned evil if they are used for evil” (O’ Sullivan & Pecorino‚ 2002). By the words of Kant it would seem that he believes that people have the ability to be good and bad but the choice between good
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or affected by‚ the collapse of Enron? All stakeholders were‚ obviously‚ affected by the collapse of Enron. However‚ several of them were critical‚ especially those being considered as market stakeholders such as suppliers‚ creditors‚ employees‚ and stockholders. These mentioned stakeholders seem to be Enron’s most recognizable as the essential contributors to its organization. They dared of giving up an available alternative in order to take a risk with Enron in hoping of some benefits in return
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Abstract - The Enron scandal is one of the biggest financial scams ever to take place and its root’s lie in the desire of the senior members of Enron to earn as much for themselves as possible and were assisted in this greatly by the negligence shown by their auditor’s and consultants‚ Arthur Andersen. Most of the debts and tangible assets of Enron were on the balance sheet of partnerships that were run by high-ranking officials within the corporation and these partnerships were recorded as related
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