Utilitarianism provides the most useful approach to business ethics. Discuss. The ethical theory of Utilitarianism follows the principle of utility. This is to provide the greatest number for the greatest number. Utilitarianism provides this through being a deontological theory – basing its ethics upon consequences. The consequentialist nature allows us to apply Utilitarianism to our own situation and also‚ unlike deontological theories‚ looks onwards and into the future. In terms of business ethics
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7. An investor is evaluating the use of the bottom-up approach and the top-down approach to fundamental analysis. The investor wants to use the approach that will best enable them to structure a diversified share portfolio that will achieve specified income returns and capital gains. Which approach do you recommend the investor adopt? We can use bottom-up approach to make a comparison of the performance indicators with other similar firms in the same industry and thus mixes a wide variety of investments
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What Does It Take to Be an Effective Leader? What does it take to be an effective leader in today’s fast paced and ever changing world? A leader must be able to move quickly from one agenda to another. A leader must be able to inspire a person or a group of people to want to do their best. A definition of leadership can be‚ “A relationship through which one person influences the behavior of other people” ( Mullins‚ p. 904 ). One of the biggest problems that a leader in any organization has to deal
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Amontillado What actions and characteristics of Montresor make him an effective villain one might ask? " I must not only punish but punish with impunity" (Poe‚ 1199). Montresor desires to punish Fortunato for an unknown crime against him. Montresor took his revenge on fellow nobleman Fortunato during a night of Carnival while he was drunk‚ dazed‚ and wearing a jester’s outfit. It would seem that it would be pretty hard to murder a man during a festive occasion. However with the proper approach any
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Nigerian‚ or "419"‚ scams are one of the most common types of fraudulent email currently hitting inboxes. Nigerian scam messages can also arrive via fax or letter. The messages claim that your help is needed to access a large sum of money‚ usually many millions of dollars. The money that the message claims does not exist. Those who initiate a dialogue with the scammers by replying to a Nigerian scam message will eventually be asked for advance fees supposedly required to allow the deal to proceed
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May 2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show‚ somewhat surprisingly‚ that logistic regression and support
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gathered. You are typically responsible for organizing and analyzing the information gathered and then preparing reports used by the attorneys‚ for deciding the most effective course of action in a particular case. There is always a plus side and a negative side to any career. A number of work environments are available for paralegals‚ with most employed in a corporate legal department‚ private law firm or government office‚ with many full-time positions offering full benefits. If you enjoy a challenge
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9-104-071 REV: SEPTEMBER 14‚ 2007 ROBERT S. KAPLAN DAVID KIRON Accounting Fraud at WorldCom WorldCom could not have failed as a result of the actions of a limited number of individuals. Rather‚ there was a broad breakdown of the system of internal controls‚ corporate governance and individual responsibility‚ all of which worked together to create a culture in which few persons took responsibility until it was too late. — Richard Thornburgh‚ former U.S. attorney general1 On July 21‚ 2002
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EMBA‚ Dungun Abstract Terengganu is well known of its delicious taste of original recipe spices (rempah). There were many types of Terengganu spices can be find in the market especially in Pasar Payang‚ Terengganu. The most popular is Rempah Gulai Kawah. Most of the spices are homemade and some being upgraded and manufactured in proper manufacturing environment. All of these spices manufacturer or producer has their own loyal customers consist of traders and restaurants and they are mostly
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obstacle to Aaron Beam’s moral behavior is when he moved some of the businesses start up costs as expenses and list them as capital investments‚ which inflates the company profit margins. Beam initially did this because of the pressure from Scrushy to make the company appear more profitable. Then the cycle continues. The way I understand the meaning of the “loyal agent’s argument” is that you do what you are instructed to do by your employer regardless. However‚ I do not believe Aaron Bean
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