• individual report
    times. However, the cost of this approach was incredibly higher rather than any benefits. Thus, international scandal, investigation and criminal actions, several civil cases against six former directors and officers of AWB, huge fees paid. As we know, the utilitarian ethical theory is founded on...
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  • Comm
    subject of responsible commerce has been deepened and extended through tutorial and lecture engagement, as well as study of the textbook. My newfound understanding of this topic can be highlighted through the theory of utilitarianism. The focus on utilitarianism coupled with what we have learnt over...
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  • Stakeholder
    implement the theories in contemporary business environments. For instance, Enron was so focused on the raising the price of their stock that they “cooked the books to produce fake profits”1. This paper will provide a description of each theory and, analyze ethical justifications and major objections...
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  • Individual Writing Assignment
    types of capitalism: investor capitalism, regulatory capitalism, community capitalism, and entrepreneurial capitalism. It also lays out the core ethic theories of the four types of capitalism. The first type of global capitalism is investor capitalism. Investor capitalism is noted for having a...
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  • Ethic Foundation to Stakeholder
    theory is the only one that captures the essence of benevolent behavior. Without utilitarianism as a framework, supporters argue that people would not do actions that help others if the actions don’t benefit the self-interests of the individuals. Those who oppose the utilitarian viewpoint state that...
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  • Ethics and Enron
    act as the extended arm of this regulatory body. The auditor will be paid by the regulatory body and the same is deducted from the organization as standard deduction. This type of arrangement will have numerous benefits through utilitarian theory of ethics. First auditors will have business from...
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  • Ethics in the Workplace
    decisions since they will be based on the individual's set duties". (wikipedia online dictionary). 3. Utilitarian Theory "The utilitarian ethical theory is founded on the ability to predict the consequences of an action. To a utilitarian, the choice that yields the greatest benefit to the most...
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  • Business Ethics
    common criticism of Utilitarianism that people cannot be trusted, and are likely to make a selfish decision and then try to justify it afterwards with Utilitarian arguments. Enron lied about the state of their finances, and shareholders lost $11 billion when Enron went bankrupt. Lying was wrong...
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  • Paper
    foundations for analyzing the Enron matter from an ethical perspective. The third and final part of the paper examines the policy responses to the Enron scandal. After providing an overview of the Sarbanes-Oxley (SOX) legislation, the policy theories associated with the work of Frank Baumgartner and...
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  • Deontology and Accounting Ethics
    Deontology and Accounting Ethics Amanda Dunn Liberty University Introduction Body 1 Ethical Systems Description 1 Deontological 2 Utilitarian 2 Ethical Systems Evaluation 1 Organizational Culture of Accounting 2 AICPA Professional Code of Conduct 3 Utilization of a...
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  • Notes on Ethics of International Business
    influence on the ethics of business decision making Example: Enron – Energy Company, culture emphasized greed and deception Unrealistic performance expectations: pressure from the parent company to meet unrealistic performance goals that can be attained only by cutting corners or acting in an...
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  • Ethical Theories
    is certainly true of many decisions in business. DEONTOLOGY. Deontological theories of ethics focus on (1) the rights of all individuals and (2) the intentions of the person(s) performing an action. Deontological theories differ substantially from utilitarian views on ethics and would not allow...
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  • there are no ethical principles in bussiness
    There are no ethical principles in business (33 Some may argue that ethical principles have no role in business and the two do not go hand in hand. However many would argue that this statement is in fact not true as they is a wide variety of theories available ,each of which hold their own ethical...
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  • Enron Case
    repercussions do not come close to the financial backlash of the Enron collapse and the total damage of the ordeal estimated over 100 billion dollars. The moral theories or frameworks that apply to this case are the utilitarian, fairness, common good, and agency approach. All of these theories apply to...
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  • Personal Ethics Paper
    to lack of ethics from the accounting department. This is why ethics means to me to always be honest and do the right thing even if it causes harm to yourself. As history progressed, several ethical theories developed. These ethical theories include the Golden Rule, egoism, teleology...
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  • Corporate Governance - Satyam & Enron Case Studies
    collapse and the total damage of the ordeal estimated over 100 billion dollars. The moral theories or frameworks that apply to this case are the utilitarian, fairness, common good, and agency approach. All of these theories apply to this case; unfortunately each moral choice...
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  • Ethics and Governance
    study 2.2 Kitchen tabling – Keith Purcell’s earnestness 2.53 Utilitarianism 2.54 Limitation of consequential and utilitarian analysis 2.55 Deontological theories 2.56 Rights theory 2.56 Justice theory 2.57 A philosophical model of ethical decision- making...
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  • Ethic Issues
    sponsor small companies, inner city schools, and under privileged children, not only does this bring a sense of worthiness to company, but also enhances their image. An ethical theory known as utilitarian (goal based; happiness it produces). Employees, when asked to follow policy and procedure, based on...
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  • Management Information System
    is it ethical? Corruption Corruption is giving of gifts to someone in return for a favor. It has been there and it is even today. There is/ has been corrupt Government officials and global businesses can gain economic advantage by corrupting these officials but is it ethical? Theories that...
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  • Assignment
    Driving Value everyone in society would be better off if each individual could pursue his self-interests personal self-interest Accounting Application self-serving bias drove the scandals at Enron and WorldCom could be a huge gap between shortterm and long-term benefits Utilitarian Beliefs...
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