client funds‚ it makes you wonder if these firms are really being regulated properly. Is justice really being served? What moral standards are being used to justify what is right and wrong? Some of the dealings of many brokers have some people wondering if they have a conscience or are they just evil. A good example in this case was when one of the brokers took advantage of an unemployed widow who needed sound advice on how to diversify her portfolio in such a way that it would sustain her for the
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CRITICAL THINKING PAPER #5 Abstract This paper expresses the viewpoint of a Utilitarian and how they would look at abortion. This paper illustrates there should be a right to choose what you should be able to do in regards to abortion and uses the term “reproductive freedom”. Contained within are statistics on social and economic benefits of abortion and the Utilitarian viewpoint for abortion is explained. Abortion is an essential part of living in the modern world. Today‚
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O.T. Analysis of Enron MBA 503 University of Phoenix 05/10/06 Describe the Situation "Enron is now officially out of the energy business. They are now in a new business: confetti." Jay Leno http://politicalhumor.about.com/library/blenronscandal.htm It is a shame that one of the most powerful companies has now gone out of business‚ had reputations destroyed and used millions of tax payers dollars on court costs; all due not having good business ethics. This paper will
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transformed in our lives since the great Enron‚ Xerox and other huge corporations proposed big profits showing earnings of billions of dollars and yet in reality facing bankruptcy. These corporations faced great trouble with the federals and state for manipulating financial statements. But not only corporations can be blamed on this‚ accounting firms were involved in this as much as the corporations were. With the business stand point‚ ethics comprises of principles and standards that guide behavior. Investors
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Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
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has been named as “Europe’s Enron” – the legend that took down Italy’s milk selling company Parmalat and its controlling executives‚ American banks‚ audit firms‚ even politicians and 130‚000 of its helpless small shareholders after the discovery in the year 2003 of the $14 Billion black hole in the company’s finances. The company’s fraud was uncovered when the company failed to pay the cash to the bondholders. Summary: This discovery led to eight years of court cases in Europe and in America
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Yet if everyone presumes their country is above all others‚ then at most only one can be correct (Nathanson 537). In the essay “Is Patriotism A Virtue‚” MacIntyre brings up an effective example of this. Consider a scarce resource that all countries need such as oil. Since patriotism encourages a people to put their own country’s interests first‚ they would want to keep their oil within their country
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Enron and WorldCom Scandals Matthew Morrison ACC/260 8/18/12 Enron and WorldCom Scandals Question number one of the Enron case focuses on the corporations that got Enron into its difficulties these were the special purpose entities for joint partnerships including Chewco‚ LJM1‚ LMJ2 and the Raptors. Number three of the Enron case shows us that the board was divided into five divisions‚ all of which were full of well-educated financial employees who
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As opposed to the utilitarian’s view‚ the morality of the action is not relevant if there is a good outcome‚ meaning what gives moral worth to an action are the consequences. There are some disadvantages and advantages to both Kant’s view and utilitarians’ views. Nonetheless‚ I think Kant’s views are preferable and more reasonable. One of the reasons I consider Kant’s view more reasonable is because actions are things we can control‚ we can decide to either do something good or bad‚ moral or immoral
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Discussion #1 Give an example of something that one culture might regard as a virtue that another culture might not. Explain why this could lead to relativism. Be sure to support your answer with quote from the text and/or academic resources. Responds to the question below in approx 100 words. It is important for this question that you first define the key terms here Virtue and Relativism. Define Virtue and Relativism: Relativism is the idea that one’s beliefs and values are understood
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