leadership of all levels to decide if the needs of the group as a whole outweigh the needs of those few who are not satisfied for whatever reason. Often many managers in a business setting find themselves weighing the decision to push forward to do what it takes to earn a profit for the organization or side with personal morals in key decisions. The following are issues both positive and negative that were facing Caltex in 1977 as they were looking building a plant in South Africa: Positive •
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Human Myriad optimistic forecasts, of what comprises the core of business ethics, have permeated numerous discussions on management and commerce practices in the marketplace today. Global economics and trading across borders nearly demands it. In fact, ‘ethics’ in business has come to represent one of the key buzzwords of our decade, along with ‘sustainability’ and the ideological concept of global warming – seemingly shoved down the throats of people. But what is business ethics anyway, and why does
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and it’s morally wrong if it produce pain. The principle of Utility refers to the greatest amount of pleasure or happiness for the greatest number of people. According to Bentham, most moral acts are those that maximise pleasure and minimise pain. An action is correct according to Bentham if it gives higher quantity of happiness. Jeremy Bentham’s principle of utility states that ‘greatest happiness for the greatest number.’ Bentham stated that human being is governed by two sovereign masters: pain
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Affirmative Action The intention of this paper is to make a real argument against the performance of affirmative action using logical arguments ethical theories, and perspectives. This paper will examine in what way a Utilitarian, Deontologist, Virtue Ethicist, Relativist and an Ethical Egoist would debate against the use of affirmative action. The case will be made by demonstrating why this practice is unquestionably unethical and discriminatory. Affirmative action is frequently used to give subgroups
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from his superior. This movie portrays the idea that greed, an unethical behavior, is an acceptable behavior that business individuals must cultivate to increase their wealth. So what is ethics? According to Spiceland, Sepe, and Tomassini (2007), ethics is “a code or moral system that provides a criteria for evaluating what is right and wrong” (Spiceland, Sepe, and Tomassni, 2007). Deontological theories base morality on certain duties or obligations and claim that certain actions are right or wrong
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modernization and changes that were occurring in the technology, science, and business world during the eighteenth century. Although the idea’s did fit well there was one issue, the new Utilitarian views were clashing with one of the most respected religions teachings; the Bible. There are many differences between the Utilitarian point of view; compared to the Bible’s point of view. Let’s begin with Technology, the Bible does not discuss this topic very much throughout its readings. Technological advances
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to discuss the dilemma. After listening to her reason behind her breaking the confidentiality ethic, which was that she had a child that was very ill and she needed the father’s family medical information to enable the child’s doctors determine what the child was suffering. She stated that she did not know where the father was and has not spoken nor seen him since the child was born, she took the
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the most good. This theory is considered to be another form of consequentialism. In laments terms, the determination of whether an act is right or wrong is based upon the effect it will result in. Another concept that is correlated with utilitarianism includes ruling utilitarianism. Both theories try to maximize happiness, and there is not one answer that is preferable to the other. Instead, we need to examine the two more complexly, allowing there to be a bilaterally multilevel approach. Act
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Chapter 01 Student: ___________________________________________________________________________ 1. What is the common characteristic of Aristotle's virtues and ethical standards for CPAs? A. Truthfulness B. Integrity C. Loyalty D. Due care Jane finds a material misstatement while auditing a client's accounts receivables. Her senior tells her to ignore the misstatement so that the client does not get upset. Jane wants to be viewed as a team player in order to advance in the firm. So Jane follows
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others, it is definitely time to refocus on what we believe in and follow sound ethical and moral traditions. It does not matter if a person uses the virtue, deontological, or consequential approach to ethics as long as he or she is thinking about doing the right thing. The deontological theory focuses on a person’s duty to an ethical situation. A person that prescribes to the deontological theory does not care about what would benefit the greatest number of shareholder, only that which is honorable
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