we need virtue‚ both of thought and of character‚ to achieve that completeness leading to happiness. This is the function: activity in the soul in accord with virtue‚ where soul is defined as what is in us that carries out our characteristic activity. Aristotle is right in believing we need virtue. The end of Aristotle’s Nicomachean Ethics Book I introduces the idea that since happiness is “a certain sort of activity of the soul in accord with complete virtue‚ we must examine virtue‚” because
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Enron‚ what caused the ethical collapse? Q1. What led to the eventual collapse of Enron under Lay and Skilling? A1. There are many reasons‚ which led to the collapse of Enron. With the senior leadership of the company not holding/staying true to the company’s code of ethics‚ not enforcing many laws (which led to the company violating those laws). Therefore‚ the inability of the senior leadership to ensure that there are not only written practices as to how business should be done‚ but actually
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tells the public or someone in authority about alleged dishonest or illegal activities. However‚ Sharron Watkins only blew the whistle internally and so did not do everything she was morally required do as Vice President of Corporate Development for Enron. 1. Sharron Watkins ignored the first signs of fraud in a selfish pursuit to develop her own career. When first warning signs of fraud happened in 1996 Watkins protested against them to higher management however got no response. Instead of alerting
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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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HP SCANDAL Case Facts In early 2005‚ Silicon Valley giant Hewlett-Packard found itself in the undesirable situation whereby confidential company information being leaked from its Board of Directors. Former Chairman of the Board‚ Patricia Dunn‚ ordered an investigation into the Board room leaks which encompassed two phases known as ‘Kona I’ and ‘Kona II’. Kona I started in early 2005‚ and was contracted to Security Outsourcing Solutions‚ Inc. (SOS) to perform this investigative work. The investigation
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Class Title Instructor’s Name Due Date The Five Constant Virtues The Chinese have brought the world possibly the most amazing of histories and wealth of culture to be found in the entire history of civilization. The moral code that was developed then to grow and propagate societal progress is still in effect and of massive social significance in today’s Chinese social structure. These precepts are what are known as the Traditional Virtues. They are widely credited in Chinese culture as intrinsic
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ENRON Background and Overview: Enron was famous in the business world. Known as the innovator‚ technology powerhouse and a corporation. It was named the America’s most innovative company for six years by Fortune’s Most Admired Companies survey. The fall of Enron in 2001 shattered not just the business world‚ but also the lives of the employees and the people who believed that their soar to greatness was genuine. It turns out to be the America’s biggest corporate bankruptcy. Before the
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versions of Virtue Ethics address the weaknesses of Aristotle’s teachings on virtue? Aristotle’s idea of Virtue Ethics was influenced by his belief that all things and all humans have a purpose (a telos). For him a complete explanation of something has to include its final cause or purpose which essentially is to realise its potential. Virtue Ethics itself is concerned with the characteristics of a person rather than how a person behaves and it is this he outlined in his book Nicomachean Ethics. A ‘’virtue’’
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Part 2 Utilitarian Ethics: act and rule Definition of Act Utilitarian The goal of an act utilitarian is to maximize a person’s overall happiness in the universe. With an act utilitarian the goal will be to “Maximize pleasure and minimize pain” (Waller‚ 2005‚ p.49). An act utilitarian says that people could do that and they would not only make everyone happier but they would also be doing what is morally right. An act utilitarian doesn’t have conflicts over any action being right or wrong.
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Enron Case study in OL1150 Unit 4 Accounting methods have changed over the last couple decades. Numerous Fortune 500 companies were concealing debt in an accounting method known as mark-to-market (Ferrell‚ O. C.‚ Hirt‚ G. A.‚ & Ferrell‚ L. 2005). Enron was one of several companies that was hiding their debt‚ while reporting annual earnings of $111 billion. Many Fortune 500 companies went under fire in the early 2000’s for their misleading accounting methods‚ leading investors to believe the company
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