Utilitarianism Utilitarian ethical theories are based on one’s ability to expect the concerns of an deed. Utilitarianism’s creed is that the result of any action takes importance over any type of means‚ this means that Utilitarianisms objective is to help as many individuals as possible even if it were to negatively disturb people along the way so as long as it helped the general populace. Basically‚ it’s the ends that matter not necessarily the means. Rights Rights ethical theory are legal principles of freedom
Premium Morality Human rights Ethics
ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES Lecturer: DR SITI ZELEHA ABDUL RASHID Prepared by: SAMIRA ALVANDI SHAHRZAD KARIMI HAMED KHAZAEI 1 ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES 2 ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES Table of content: Abstract……………………………………………………………………………..…...4 1. Introduction ……………………………………………………………………..……5 2. Literature review ………………………………………………………………
Premium Enron Enron scandal
COMPARE UTILITARIAN AND DEONTOLOGICAL THEORIES Utilitarianism is the idea that the moral worth of an action is determined by its usefulness. In maximizing utility and minimizing negative utility‚ in short it can be defined as pleasure minus pain. Deontology means duty or obligation. This theory was founded by a German philosopher‚ Immanuel Kant (1724-1804). According to Kant‚ it is the only way of making moral decisions. Another definition for deontology is that it is an approach to the justification
Premium Ethics Morality Utilitarianism
Directive Principles of State Policy and Fundamental Duties MODULE - 2 Aspects of the Constitution of India 7 DIRECTIVE PRINCIPLES OF STATE POLICY AND FUNDAMENTAL DUTIES Notes The Constitution of India aims to establish not only political democracy but also socioeconomic justice to the people to establish a welfare state. With this purpose in mind‚ our Constitution lays down desirable principle and guidelines in Part IV. These provisions are known as the Directive Principle of State
Premium Human rights Democracy Mixed economy
Meno Virtue Essay Meno‚ an influential speaker‚ is traveling through Athens when he encounters Socrates. Meno is a well known individual who has spoken in front of large crowds the meaning of virtue. He is a student who studied under Gorgias‚ another well know teacher of virtue. Socrates provokes a discussion regarding virtue when he states that‚ “I have never known of anyone else who did [know virtue]‚ in my judgment.” This prompted Meno to stand up and prove to Socrates he could accurately define
Premium Plato Virtue Soul
Enron Ask Why? How Unethical and Illegal Behavior Ruined Lives Brief History of Enron Enron was an energy company based in Houston‚ Texas that dealt with the energy trade on an international and domestic basis. Enron formed in 1985 when Houston Natural Gas merged with InterNorth. After several years of international and domestic expansion involving complicated deals and contracts‚ Enron became billions of dollars in debt. All of this debt was concealed from shareholders through partnerships
Premium Enron
Knowledge is Virtue We define knowledge as the state or fact of knowing‚ familiarity‚ awareness or understanding‚ gained through experience or study and virtue as the moral excellence and righteousness. All of us have knowledge but not all the knowledge we have is the same‚ same with virtue. All of us have virtue but not all is practicing it. All of us have knowledge because it is a gift from God that we can keep and share to others. Through knowledge‚ one is also given the knowledge of understanding
Free Knowledge Understanding Virtue
Case 1 Analysis: Walmart: The Main Street Merchant of Doom Walmart was first founded by Sam Walton in 1962. Mr. Walton wanted to provide the “average” American people with quality goods that they could afford at low prices. Sam took the expertise that he took from working at JCPenney and applied it to his new company. Not soon after opening their first store‚ Walmart began to develop a loyal customer base. Along with this loyal customer base came expansion within the company across the United
Premium Wal-Mart Sam Walton Discrimination
Virtues and Vices From http://www.therealpresence.org/essentials/commandments/acc23.htm Experience tells us that we develop moral habits according to our fidelity to the voice of conscience. There is an iron law in the formation of habits. Apart from the supernatural action of divine grace‚ we can acquire good moral habits‚ called virtues‚ as we can acquire bad moral habits or vices. The law which underlines all formation of habit says that every thought tends to become a desire‚ every desire
Premium Virtue Seven deadly sins
Enron: Tone at the Top The fall of Enron is not just one of the largest bankruptcies in U.S. history‚ but in my opinion‚ a landmark case study of the lack of business ethics in an organization. Enron’s downfall‚ along with the demise of Arthur Andersen‚ one of the largest public accounting firms at the time‚ brought about a swift change in U.S. regulations governing how publicly traded companies reported their financials. While the top brass at Enron pled ignorance to the fact that they had no control
Premium Enron Business ethics Ethics