1. Should Chiquita have agreed to make the payments to the terrorist group to protect its employees? What ethical principles support your opinion. A. Chiquita was asked to make the payements to the terrorist group in 1995 when it was unaware of the actions of the paramaillitary group. It was only human for Chiquita to first think of its employees and protect them. However Chiquita failed to look at the bigger and failed to estimate what the terrorist organization actually did with the money.
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Introduction The firm’s position in society is getting stronger. Business plays alongside governments and are seen as corporate citizenships, awarded with both the rights of citizenship but also responsibility of good behavior (Crouch, 2011). No firm hence acts in isolation, creating externalities that need to be recognized and managed. The ethical behavior causing these externalities can be managed formally through codes of conduct (Crane, A. & Matten, D., 2010). The purpose and the effectiveness
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How Safe is Safe Case Study 1. As a company, would you describe PPI as having an identifiable philosophy of moral values? How do its policies contribute to this philosophy? In some ways PPI’s moral values can be considered distinguished. The reason I say this is because as we know, all for profit organizations are obviously out to make money and many will cut corners or sacrifice their future for quick gains. PPI could have very well kept their facility up to code just enough to comply with
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A Utilitarian Egoists’ Approach to Ethics When an individual takes actions there is always a reason. Whether it be a subconscious inkling that’s driving them, or a religious belief, the intent is there. As for me, what is my intent? In the past I have been focused on coming to an objective conclusion to a moral dilemma. However I have come to the realization that my opinion matters and that how I benefit from the situation matters. Granted, I want what is best for the majority, but only if I am
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The Fountainhead Essay Contest Howard Roark, the main protagonist of The Fountainhead, embodies Ayn Rand’s depiction of individualism and originality, trying to fulfill his potential in a manipulative world. He never regrets any of his actions or decisions despite rejection from the rest of society. Even from the beginning of the novel, he was clearly aware of the obstacles ahead of him and was confident in his abilities to succeed in a selfish environment. “He knew that the days would be difficult…
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organism. It’s paradoxical to use an economic paradigm to explain the cost/benefit analysis. The contradiction is exemplified in the need to maximize utility while minimizing use of resource for oneself. The formula utilized in economics is founded upon egoism dogma. Altruistic actions, in the grandest since, are inherently selfless. When utility is derived
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Kyle Reed MGT 309 Dr. Williams 09/06/2015 Research Paper – Enron and Ethics in Financial Reporting Table of Contents Cover Page – Page 1 Table of Contents – Page 2 Introduction – Page 3 Statement of Problem – Pages 4-5 Analysis of Problem – Pages 5-6 Conclusion – Pages 6-7 References – Page 8 Introduction A major scandal that still resonates in financial markets today was Enron’s bankruptcy. The business environment of the time included a deregulated energy market (specifically
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the media, just to name a few. #1: Dennis Kozlowski, CEO. A: I believe that Kozlowski was in level one- the pre-conventional level of moral development. This is the level in which focus is generally on the self and where ethical egoism is dominant. Ethical egoism is based on the idea that the individual seeks to maximize his/her own self-interests; and this is exactly what Kozlowski did. Stage two of moral development is the seeking-of-rewards stage. At this stage, individuals might not completely
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Case Study: Tyco international fraud Tyco Background Tyco International has operations in over 100 countries and claims to be the world's largest maker and servicer of electrical and electronic components; the largest designer and maker of undersea telecommunications systems; the larger maker of fire protection systems and electronic security services; the largest maker of specialty valves; and a major player in the disposable medical products, plastics. Edward Breen, who replaced kozlowski removed
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Application of Integrated Ethical Decision-Making Model into “Giles and Regas” Case 1. Identification of Ethical and Professional Issues (a) Identification of the Relevant Facts • Regas, a senior accountant in a CPA firm, was assigned to an audit engagement project working with the firm’s CPA partner Giles who has a higher rank in the same team, and had been in a dating relationship with Giles for several months, which was an uncommon story among the partners, but became clear to most
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