Ethical egoism Explanation of the theory This moral theory states that everyone should act in their own self-interest. Even though we can act in the interests of others‚ we should always act only in our own interests. Ethical egoist may help their friends if they believe there is a long-term payoff or benefit doing so. One’s self-interest is often best followed by allowing others to pursue their self-interest as well. Sacrificing one’s short-term self-interest in order to maximize one’s long-term
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Course: Legal & Ethical Environment Professor: Dr. Libertella Chapter 16 Business Ethics Perspective P419 1. Stewart was not an insider of ImClone and she received the tip from her stockbroker. Does she have an ethical obligation to ask where the tip came from or why the broker was recommending selling the stock? Does the fact that Stewart was an officer and director of a publicly traded corporation require her to use higher ethical standards when buying and selling stock of other companies
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Ethical Consumerism What is ethical consumerism? Ethical consumerism is the purchasing of products and services produced in a way that minimizes social and environmental damage while avoiding products and services having a negative impact on society or the environment (http://www.scribd.com/doc/19589310/Contract-Law). Ethically made products are those that are produced with the least harm to the environment‚ animals‚ and humans. There are four types of ethical buying. The first one is positive
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Title: Ethical Vignette Abstract In this paper I will discuss the ethical vignette as it deals with confidentiality and ethical dilemmas that counselor’s face. I will reflect on a video presentation as well as the North Carolina rules and regulation and the ACA Code of Ethics as it relates to confidentiality and ethics. I will explain why confidentiality is important and what the rules says about it. This will help me and others to become a better counselor. Ethical Vignette Summary
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and teachers to safety‚ and he was shot more than once for his efforts. According to an ethical egoist‚ Sanders was morally wrong‚ because he failed to maximize is own well being. However‚ most people will agree that his sacrifice saved many and he is a hero because of it. This example is just one way to show how ethical egoism is not the best possible moral philosophy to follow. One argument against ethical egoism is that the theory does not provide a way to solve conflicts of interest. For
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Ethic 232 February 27‚ 2013 Ethical Dilemmas in the Protect of Medical Privacy This ethical dilemma paper I wanting to discuss the issue that I have seen in my current profession as a Nurse’s Aide. In my profession I have come across patients that have the active HIV/AIDS virus and have not told their partners‚ husband‚ or wife that they have this sexual incurable disease. Yet‚ because of laws that I am to abide by such as HIPAA I cannot release that information to their significant other
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Communication challenges with key stakeholders while maintaining ethical‚ legal‚ and professional standards encompass a broad set of principles. One of the most important factors being the personal information protection act‚ as it governs privacy legislation that guides the collection‚ use‚ and disclosure of personal information. This plays a large role in the communication aspect of an organization‚ and defines what can be shared‚ what personal information is collected‚ the conduction of privacy
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communities‚ and the general public (Pearce‚ 20110). Personal Ethical Perspective Evolved as requested from the class syllabus Patricia Holt retook the Ethics Awareness Inventory for better understanding of her personality traits. After taking the Ethics Awareness Inventory she found that she was high in the ethical perspective of Character (C). This showed her that she tended to
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Ethical Behavior‚ a Myth of the Past or a Necessity for Future Development With the ever increasing pressures of life‚ philosophers‚ psychologists and intellectuals are striving to answer the question‚ Are ethics basically becoming a myth of the past? The question calls for stepping beyond the yes or no answers‚ to analyze and investigate the factors influencing ethical behaviors today. Whether personal‚ organizational‚ contextual or environmental‚ they all play a significant role in shaping
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executives‚ there are several reasons that restrict them from exercise any other responsibilities than maximizing the return to shareholders – owners of the company i.e. usually maximizing the profit. The first reason is that in a private-property system‚ the executive is an employee of the shareholders‚ which means that he voluntarily and personally agrees to work under the direction and supervision of the shareholders in return for salary or other remunerations. Therefore‚ the
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