Utilitarianism & Stockholder Theory There are many theories when it comes to business ethics and what approaches to take. Two of these leading theories today are Stakeholder Theory and Stockholder Theory. But how does a business executive decide which theory to use when approaching business ethics? This could be determined by the choice of ethical decision-making model by the individual executive. In this essay‚ I will attempt to provide a basis for which a utilitarian thinking business executive
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• How would you describe the entries to record the disposition of accounts receivables? What is their function? • How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method? • Pendergrass Company hires an accounting intern who says that intangible assets should always be amortized over their legal lives. Is the intern correct? Explain. • What are the basic issues related to accounting for intangible assets? • Why would you select
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Ethical Issues Affecting Each Component of the Marketing Mix Ethical issues in businesses among other related issues like conflicts or success revolves around relationships. In today’s business world‚ it has become inevitable to built strong and effectives between all the key players in businesses. Key player in this case include shareholders‚ investors‚ customers‚ suppliers and managers who are responsible for the development of strategies aimed at attaining success (Carroll et al 403). The board
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Equity In accounting and finance‚ equity is the residual value or interest of the most junior class of investors in assets‚ after all liabilities are paid; if liability exceeds assets‚ negative equity exists. In an accounting context‚ shareholders’ equity (or stockholders’ equity‚ shareholders’ funds‚ shareholders’ capital or similar terms) represents the remaining interest in the assets of a company‚ spread among individual shareholders of common or preferred stock; a negative shareholders’ equity
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Decisions in companies are often made by the management and influence not only the profit of a company‚ but also they influence the employees‚ many people outside of the company such as the supplier as well as the environment in the surrounding area of a company. Against this background‚ the question how a manager should act with regards to the owner of a company and the employees of a company is quite important. A possible answer to this question can be discussed in the stockholder vs. stakeholder
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Enron ’s ex-role: model of ethics For the gurus of socially responsible investing‚ what lessons from a tarnished star? * * * * * * * * By Laurent Belsie‚ Staff writer of The Christian Science Monitor / March 4‚ 2002 Perhaps the ultimate irony about Enron Corp. is how it charmed ethical investors‚ even the pros‚ for so long. The Houston-based energy giant not only said the right things‚ it also invested in solar energy‚ addressed questionable labor practices
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An academic essay is a systematic piece of writing which has a coherent and cohesion meaning. Basically‚ an academic essay is mainly characterized by an introduction‚ the body‚ the conclusion and the reference as shall be discussed forth with. To begin with‚ an introduction as stressed by McMillan and Weyers (2010: 90) “has to be the first contact that the reader makes with the author of the text.” This‚ therefore means it (the introduction) has to be well organized and clear‚ that is‚ short and
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stereotypes and equity in the light of three areas which are gender‚ disability‚ and media. Within each of these chosen areas a discussion will occur looking at bullying and/or conflict‚ as well as linking to the writers own experiences relating to these areas. There is also an exploration of the implications that these three areas have for both students and teachers. Therefore‚ it is important to explore these further by first defining the key themes of gender‚ bias‚ stereotypes and equity to ensure accuracy
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The word ‘equity’ can be seen to have a wide range of meanings- to many it is a synonym for ‘fairness’ or justice’. Those within the legal community recognise equity as the body of rules developed and applied by the Court of Chancery; a court previously presided over by the Lord Chancellor with rules developed under his authority. The law of equity developed due to the inflexibility of the common law. Before the development of equity‚ The law was rigid (which was often cited as a weakness) for example
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Equity Equity means social justice or fairness; it is an ethical concept‚ grounded in principles of distributive justice.39–[->0]42[->1] Equity in health can be—and has widely been—defined as the absence of socially unjust or unfair health disparities.1‚[->2]6[->3] However‚ because social justice and fairness can be interpreted differently by different people in different settings‚ a definition is needed that can be operationalised based on measurable criteria. For the purposes of operationalisation
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