...for the welfare of the victims. In fact, they sent a representative to try to stop the investigation. An assumed employee from PG&E actually calls to threaten the safety of Erin and her children because of the valuable information that could prove their fault in the health issues of Hinkley community members. Clearly, this act depicts the business world in a damaging way, and how an individual’s moral values are being compromised when facing such conflict. This also proves that Individual ethical viewpoints or beliefs can be changed with the position that they are holding or by the nature of the business of his company that he is representing. Business Ethics & Principles Violated in this Movie Businesses operate on moral standards, although their ethics may benefit the company rather than society itself. Business ethics exists to guide individuals...
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...Ethical Decision Making Life is full of choices. Being responsible means being in charge of our choices and, thus, our lives. It means being accountable for what we do and who we are. It also means recognizing that our actions matter and we are morally on the hook for the consequences. Our capacity to reason and our freedom to choose make us morally autonomous and, therefore, answerable for whether we honor or degrade the ethical principles that give life meaning and purpose. The goal of a business is to solely make a profit, in order to do that the obligation of a business person is to maximize profit for the owner and the stockholders. Jordan Belfort’s action would be considered unethical. Do to the charges pressed against the firm, its partners, and the owner the company no longer exists so the obligation of maximizing a profit no longer exists. Along with the company falling apart. Happiness and pleasure are the only the things of inherent value and people should bring about these feelings since it is something all people are capable of feeling. In the case of Stratton Oakmont the most important stake holder would be its clients. Stratton Oakmont’s obligation to their clients was to advise them into making smart financial decisions about what stocks to invest in, in order to make a profit on their return. But, instead they advised people to invest in stocks that they knew the company had accumulated shares and by purchasing the recommended stocks the price of that stock...
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...allowed sick animals to enter the food market. According to this, USDA had to recall the contaminated beef which had entered the market, but most of those meats had already been consumed by customers. Finally, the plant would close forever, people who involved in the violation had been prosecuted, and all 220 employees lost their job. Analysis of the Case Analysis of Findings In this case, the key problems are the importance of business ethics in management, and the profit priority between business owners and other stakeholders, such as employees, fast-food restaurants, schools and final customers. The tops managers in Westland/Hallmark Meat Co. put the company’s profit in first so that they forced their workers to slaughter unreasonable amount of cows every day which directly led to those abuses and violations. In order to avoid similar cases, companies have to pay more attention on its business ethics among top managers. The reasons for why managers and employees act like that way First, the top reason for managers of Westland/Hallmark Meat Co. to put profit above safety is their own interests. Through forcing workers to ensure 500 cows got slaughtered per day can guarantee the supply to its large market with high revenues. Since one cow ‘s growing time was shortened by using...
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...Ethical Dilemma – Samouel’s Greek Cuisine Joshua has spent several hours researching his portion of his team project. His job is to collect secondary data. The conflicting information that Joshua has found is still considered secondary data even though it is not from a reputable firm. Secondary business data can be very helpful in determining the correct business path for a company to go in. The data, though conflicting should still be incorporated and explained in his research findings to his group. The data is from a government -sponsored website and may be very valuable. Joshua should stay late and examine the quality of the data he has found on the conflicting website. He needs to look at the reliability and the validity of the data that is presented. Who is the information being provided through and how was it collected, and is it free from bias? What was the data in the study originally collected for and does that influence the outcome. The information is from a government sponsored website so there is some credibility in the source. I do not feel that Joshua should ignore this research in his findings. If Joshua feels that he does not want to include this data he should talk to his group and explain why he feels it is not relevant. It should not be hidden from the findings if it has a role to play in the research and can help the restaurant’s performance in the future. There is a value in secondary research and when it is used appropriately...
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...Enoch Olutayo Dr Kristin Rajan Engl 1102-222 6th September 2013 Courage is a virtue As a kid, I watched a lot of cartoons. Some were memorable and had an impact on my life, while some were not. One of the most memorable was a cartoon called ‘Courage the Cowardly Dog’. You can probably see from the title that this cartoon was very interesting. It has had a big impact on my philosophy as I have learnt life facts from watching it. I believe that I wouldn’t be the same person that I am today if I never came across it. I think it’s safe to say that as a kid, I did not know and understand a lot of things. The world to me was in black and white. You were either the good guy or the bad guy and when I watched TV, I always liked the good guys. This was how I felt when watching ‘Courage the Cowardly Dog’ but all that started to change as I grew up. This cartoon was about a dog named Courage that was adopted by a woman named Muriel. She found him abandoned on a trash can hungry and needing a diaper change. Her and her husband, Eustace, were on their way home when she saw him and immediately fell in love with him. Courage loved Muriel for being nice and loving, almost like a mother to him, so he always took care of her. As you can probably see from the title of the show, Courage’s name is a contradiction of his actual personality. He got frightened by almost anything and was always suspicious of people and activities that happened around him. They lived in the middle of nowhere, which...
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...Running Head: VIEWING ETHICS THROUGH MY EYES Viewing Ethics through My Eyes Business Ethics Heather Morgan Aiken Technical College Running Head: VIEWING ETHICS THROUGH MY EYES Abstract Ethical choices are made every second, rather knowing it or not, you make one every day. Versus being in a work environment, at a school activity, or being around friends and family. Every one's views are different when it comes to ethics and it all relates back to how you view situations and how you intend to follow through with the choices you make. Ethics relates back to how you were raised; rather through spiritual beliefs or in the home. Everyone's beliefs are different and that's what makes ethics it's own virtual way of views. Running Head: VIEWING ETHICS THROUGH MY EYES Viewing Ethics through My Eyes Business Ethics Ethics can be perceived in more than one form. I view it in the sense of virtue ethics, based on character traits people have that are good (Anne T. Lawrence, James F. Weber, 2011, p. 83). The method I would enforce would be the justice method (p. 83). Everything should be based off a fair and just form no matter the person, they should all be treated equal. I have an older brother and my parents raised us equally, even though we are four years apart in age. Anything he received, I received the same thing or something of the same value. I was raised to believe that...
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...In the article “Don’t Leave Your Hand in the Cookie Jar,” the author states that John Davies and Karl Schumaker have totally opposite opinions about how to make the year-end adjusting entries for 2009. John is an assistant controller. He has a master’s degree in accounting, is a CPA, and has three years of solid experience with a major accounting firm. Karl, John’s immediate boss, a controller, is 20 years older than John, and he has a B.S. in management and a general M.B.A. from a top graduate school. Moreover, he has over 25 years of corporate accounting and finance experience even though he has no public accounting experience. The adjusting entries in question consist of accounts receivable bad debt, product returns, and product warranties. The accounts receivable bad debt is the first accounting adjustment they have different opinion. Karl would to prefer to bring the bad debt up to 3% of sale this year from 2.75% last year because he thinks an economic slowdown is coming. Besides, Karl believes in conservative accounting, so he thinks that the accountants should use the least favorable amount. However, John thinks the bad debt should be keep as same as 2.5%. John said that he does not see the need to bump up the bad debt percentages, and he mentioned they can adjust it in future as needed. The second adjusting entry they hold the opinion differ from each other is product returns. Karl wants to keep the 1% on product returns, but John thinks the product returns should...
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...Whitney Summers Ms. Wert English 101 H December 3, 2012 Genetic Engineering Just imagine the scene: and newlywed wife and husband are sitting down with a catalog, browsing joyously, pointing and awing at all the different options, fantasizing about all the possibilities that could become of their future. Is this a catalog for new furniture? No. This catalog for all features, phenotype and genotype, for the child they are planning to have. It is basically a database for parents to pick and choose all aspects of their children, from the sex of the child, to looks, and even to personality traits. Parents since the beginning of time have “planned” to have children, but never have they been able to legitimately “plan” out their child. This scene does not seem typical for our time and age, but truthfully it is what is becoming of our world. Through substantial research and experimentation that is taking place, scientists, specifically biologists, are becoming keener to the field of engineering; Genetic engineering that is. When one thinks of “genetic engineering,” the first thought is probably a perfect child, or paradoxically some inconceivable creature, forged under the microscope in a scientific laboratory. Though both of these are genetic engineering, many people do not consider other things, such as genetic engineering of agriculture and medicine, both of which are extremely useful. Through the genetic altering of plants and crops, scientists have been able to manipulate...
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...1) The Booth Pharmaceutical Corporation has to face whether or not to continue selling the drug Vanatin. In participating in the activity, acting as a board member of the Booth Corporation, I along with my other group members were faced with an ethical dilemma. The dilemma was; should the company continue to sell Vanatin even though is has dangerous effects? The drug Vanatin is a major profit producing aspect of the Booth Corporation comprising 12% of its gross income in the United States. Additionally, the corporation makes about the same amount of money in foreign markets under a different name. Booth Pharmaceutical can continue to sell the product and with help from lobbyists get past the FDA. However, the drug is proven to have been the cause of 30-40 deaths per year. The ethical decision comes down to whether or not the lives of 30-40 people per year is worth the revenue generated for the Booth Corporation from Vanatin. 2) If the Booth Corporation decides not to produce the product, than that will be a major loss for their revenue per year. Through discussion, my group assumed that this would probably result in pay cuts and layoffs. The company has no substitute product for Vanatin so they would lose a tremendous amount of customers. If the drug was banned and the sale of Vanatin seized, the other party, the scientists, would have accomplished their goal. Additionally, innocent patients’ lives would be potentially saved. If the Booth Corporation continues...
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...me knocked-out most of the day. Please remember that I’m given extra time on assignments via the Kaplan University office of student disabilities. Abstract This term paper for unit two review three articles, Ethics Consultation in United States Hospitals This term paper also defines 8 financial terms. Keywords: Balance sheet, Shareholder Equity, EBITDA, EBITDAM, Financial Ethics, Financial Benchmarking, Financial Trend Analysis, and Ratio Analysis. Unit 2 Term Paper Business ethics is the appropriate business guidelines and customs regarding debatable issues, like the way a CEO runs his company, illegal stock trading, corruption, business social and monetary obligations. The government’s authorities frequently enforce business ethics, still there are times when businesses alone will use a straightforward structure that organizations can abide by so that they simply may benefit the public interest (investopedia.com, 2013). Article Review The first article chosen for this assignment, is Betsy Gallup’s article Ethics Are an Important Part of Running a Health-Care Facility, and she explains ethics as having three components: independence, integrity and objectivity (2009). The article continues by explaining ethics in the healthcare sector; as patients’ at a healthcare facility or hospital we expect to receive fair and ethical care from the facilities medical professionals attending to us. One expects the same ethical behavior...
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...Business Ethics across Cultures Article Review Clarissa R. Hoover XMGT/216 August 4th, 2012 Dr. Frank Czarny, Ph.D. Business Ethics across Cultures Article Review Business ethics and perspectives play a major role in how every business operates on a daily basis. This essay will examine two articles of foreign countries business ethics and perspectives. In addition, the essay will provide a brief summary of the articles. Also, the essay will demonstrate the primary ethical perspectives of the two countries. In addition, the essay will discuss the contributions to understanding global ethical perspectives. Furthermore, the essay will illustrate how the business ethics of a foreign country compares to that of The United States of America. Even though, some business ethics and perspectives differ from country to country generally they are the same. It is very important to uphold an elevated level of ethical behavior when conducting business in a foreign country. There are four main ethical perspectives that one should empathize with which are: character, obligation, results, and equity (Bullard, 2009). When examining ones character individuals should establish their thoughts on what shall be perceived as good versus what is good to accomplish. Furthermore, each individual should realize everyone has a different perspective on how businesses work in a global market. Another ethical perspective one should examine is obligation. Obligation can be described as doing...
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...Ethics Case One ethical lesson from this article, is when something is wrong, one should speak up and let their voice about the issue be heard. A second lesson from this case is that a lot of times middle management does not report all of the facts to top management in order for critical decisions to be made. Finally, a third ethical lesson from this case is to tell the truth about effects of decisions or information being presented, so that way it is true and unbiased. All three of the above listed lessons are relevant to someone who decides to enter into the accounting profession. This is because as accounts, one of our duties is to provide accurate and timely information in order for decisions by investors, creditors, and internal managers to be made. Most all of the ethical lessons that were discussed in the case were based on misleading information, or information that was inaccurate when trying to make a final decision. The decisions discussed in the case were not made in order to help make decisions; rather top managers were trying to save themselves and their reputations. The first ethical lesson pulled from the case was that when there is information that is misrepresented or wrongly described, one should not hesitate to speak up. Whether you are looking over information from peers on your own level or information from top-level management or anyone higher in a company than you, one should be able to speak up to misrepresented information. As someone going...
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...Ethics Game Dilemmas ETH/316 August 7, 2013 Esteban Soto The Case of the Mysterious Roses and The Case of the Cold Feet The ethics game simulations in these scenarios took the managers of the organizations through different ethical dilemmas. Until faced with an ethical situation in the workplace you really do not know what your decision would be as a manager. In any situation you have to make the best decision for the organization without compromising your own morals and values. This paper will discuss the ethical dilemmas in these organizations and my decisions of The Case of the Mysterious Roses and The Case of the Cold Feet. The Case of the Mysterious Roses In this simulation I was the Director of Sales in the organization. I received an email from my administrative assistant and a work colleague in the organization telling me of an employee Gayle Dornier, receiving flowers from an anonymous person. The person that sends me the email assumes it is another employee sending the roses. Bill Witherspoon, a Research Scientist who also works in the company sends me an email informing me of him and Gayle’s work relationship and asking me to be lenient on Gayle because of issues she is going through. The next email I receive is from Gayle asking to speak with me in confidence but doesn’t disclose to me the reason for the meeting. The ethical issue is for me to determine how I can ensure Gayle can talk about what happened while still meeting my responsibility as...
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...For this case there is definitely an ethical issue that points fault at Mr. Ellison, even though Mr. Ellison intentions were to tell the public that Microsoft funds ACT. When considering Mr. Ellison’s viewpoint, he is right on trying to get the truth about ACT to the general public. He hired a private investigation firm to find document and other piece of evidence to give the general public and prove that Microsoft funds ACT. This method he had chosen was completely wrong morally and legally. The first mistake he made was to hire a private investigator to elicit information about Microsoft and ACT by paying workers in ACT and lie about it, calling it a “civic duty.” There are other ways to find out the truth. The fault does not lie just upon Mr. Ellison alone, but also Group International. Ms. Lopez a worker at GI is also equally to blame for this. Her way of investigating ACT was unethical. She was using bribery to get information out of janitors at ACT, which also brings up many legal issues as well. Instead she should have gotten legal papers and went directly to the CEO of ACT to investigate than bribering the janitors. There isn’t evidence proving Mr. Ellison allowed these actions to take place but if he did this is unethical. Ethical Dilemmas—ACT and Microsoft Background: One ethically wrong action ACT did was giving a false impression. The public didn’t know that Microsoft largely funds ACT so this gives them the impression that ACT acts independently....
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...CHAPTER 1 INTRODUCTION 1.0 Background of Study Nowadays, integrity issues become frequently discuss and report among reporters and society. As we know, integrity is a part of ethical values that shows the quality of being honest and having strong moral principles. It is important to be integrity person to ensure the task or jobs are more honest and there is no abuse of power among the public or private employees. The situation can be seen in several countries, there are a lot of unethical behaviors from employer or employees. There must be a reason unethical behavior happened. So, whistle-blowing protection was introduced in order to prevent any unethically behaviors in organization such as fraud, corruption, abuse of power and so on. Whistle-blowing has been defined as ‘disclosure by a current of former organization member of illegal, inefficient, or unethical practices in a organization to a person or parties who have the power or resources to take action ( Near and Meceli, 1985). It continues to receive media intention (Vinten, 1997). Whistle blowing is a deliberate non-obligatory act of disclosure, which gets onto public record and is made by a person who has or had privileged access to data or information of an organization, about non-trivial illegality or other wrongdoing whether actual, suspected or anticipated which implicates and is under the control of that organization, to an external entity having potential to rectify the wrong doing. Whistleblowing is...
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