Section 1: Enron began back in 1985 when Houston Natural Gas entered into a merger with InterNorth. At the time of the merger, Kenneth Lay, who was the former CEO of Houston Natural Gas, was elected CEO, and later went on to become Chairman, which then made Jeffrey Skilling CEO and Andrew Fastow CFO of Enron. Once a sleeping giant of natural gas pipelines, Enron grew to become the seventh largest Fortune 500 company, and sixth largest in the world(Silverstein, 2013); but due to its shady business
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Utilitarianism Utilitarianism is a philosophical doctrine which states a moral principal. This form of teleological system determines the moral concepts based on the final results. One of the pioneers in the development of utilitarianism was Jeremy Bentham, a philosopher from the 18th century. Bentham’s based his ethical system on the notion that pleasure was far better that physical pain. Bentham utilitarianism appears to be related with hedonism, since he considered moral actions that maximized
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considered a morally wrong action to utilize however; a “little white lie” has never hurt anyone or so it is said. These contemplating views express different forms of actually claiming an action as morally and virtuously wrong. Deontological theories, utilitarianism, and the virtue theory share the quality of viewing a common action or a form of character as virtuous or a vice. Deontological ethics follow moral obligation. The goal is to make sure an action or a characters way of being is followed under
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that does not deal with making decisions after considering the interests of others is: A. Egoism B. Enlightened Egoism C. Utilitarianism D. Rights Theory 8. The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harms is: A. Act Utilitarianism B. Rule Utilitarianism C. Rights Theory D. Justice 9. The Rights Theory incorporates all of the following elements except for: A. Act based
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All of the above | 1 points Question 2 1. Choosing the action with the best overall consequences for everyone concerned is an example of: Answer | | the principle of egoism | | | the principle of ethics | | | the principle of deontology | | | the principle of utility | 1 points Question 3 1. Each of the following is an element of honesty according to the Josephson Institute except for: Answer | | Reliability | | | Loyalty | | | Fairness | | | Integrity
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area of philosophy concerned with theories of ethics, with how we ought to live our lives. Deontology and utilitarianism are the two philosophies that I shall be evaluating and applying throughout this essay. These are two time-honoured philosophical positions that apply to a wide variety of topics. Deontology is an ethical system that is attributed to the philosophical tradition of Immanuel Kant. Deontology demands that the actions, or means themselves must be ethical. This philosophy is based upon
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0Name & section_________________________ 5/2/12 Southeast Missouri State University Spring 2012 Dr. Cesarz Dept. of Pol. Sci., Philosophy & Religion Exam III UI 400 Business & Ethics Multiple choice: Choose the option that best answers the question or completes the statement. Some of the questions are paired and to be read together. 1. Contrary to some contemporary writers
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only when the mother’s life is at risk. And others think that there is a range of different circumstances that make abortion morally acceptable. In this paper I will present the issue of abortion, explain the three classical theories of utilitarianism, deontology and virtue ethics on how to solve the issue and contrast this response with the perspective brought to the issue of abortion by ethical egoism. I will also present you with my personal opinion as to why I believe abortion should be in fact
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Ethics and Corporate Responsibility in the Workplace and the World Patricia Ingram Professor Renee Berry Legal 500- Law, Ethics, and Corporate Governance March 1, 2015 Introduction "PharmaCARE is one of the world’s most successful pharmaceutical companies, enjoying a reputation as a caring, ethical and well-run company that produces high-quality products that save millions of lives and enhance the quality of life for millions of others. The company offers free and discounted drugs
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dollars of profits for UBC. The Moral Philosophy that may be relevant to this situation is the Utilitarianism. The Utilitarian believes the decisions that are made result in the best action made. In Elaine’s case she feels the company will gain a lot if she decides to go will a billion dollar investment, because it can benefit a lot of people. The other Moral Philosophy would be Deontology. Deontology focuses on the right
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