How could the ENRON scandal been avoided? The Enron scandal could have been avoided had they had an organizational culture of honesty‚ integrity and ethics 1. There should have been stronger management and better ethical oversight. Even employees should have had a sense of the expected ethical values and try to maintain a strong sense of organizational culture. 2. There should have been measures in place to oversee the activities of accounting firms (Arthur Andersen)‚ as they acted as both Enron’s
Premium Enron Enron scandal Arthur Andersen
Question 1 Answer saved Marked out of 4.00 Flag question Question text Who were the two authors of the book who also appeared in the film ENRON The Smartest Guys in the Room? Select one: a. McLean and McCarthy b. McLean and Elkind c. McCarthy and Elkind d. Shapiro and Mc Lean Question 2 Answer saved Marked out of 4.00 Flag question Question text ENRON executives pushed up their stock prices and then cashed in their multi-million dollar options in a process called Select one: a. mark to market
Premium Enron
definition of ethics but we can describe the concept according to people orientation and perspective. Explain comprehensively the categories of the theory of Ethics viz a viz the sources of Public Ethics. There are four categories in theory: ABSOLUTIST THEORIES‚ RELATIVIST THEORIES‚ UTILITARIAN THEORIES‚ DEONTOLOGICAL THEORIES. First is the Absolutist theory it is an ethical view that particular actions are intrinsically right or wrong. Example for that is stealing we might considered it always as an
Premium Ethics Morality
Essay I Ethical Theory Thesis: To begin‚ I believe that it would be permissible to shove the fat man off the railing to save the lives of five individuals that would have otherwise been struck by the trolley. I will use John Stuart Mill’s teleological theory of Act Utilitarianism to prove my case. I will also explain why I disagree with Kant’s Formula of Humanity. Background: The theory that we are focusing on for this particular case is called the normative theory of ethics. This theory asks what we
Premium Morality John Stuart Mill Utilitarianism
Utilitarianism and the Theory of Justice* by Charles Blackorby‚ Walter Bossert and David Donaldson August 1999 revised August 2001 Prepared as Chapter 11 of the Handbook of Social Choice and Welfare K. Arrow‚ A. Sen and K. Suzumura‚ eds.‚ Elsevier‚ Amsterdam Charles Blackorby: University of British Columbia and GREQAM Walter Bossert: Universit´ de Montr´al and C.R.D.E. e e David Donaldson: University of British Columbia * We thank Don Brown‚ Marc Fleurbaey‚ Philippe Mongin‚ John Weymark
Premium Utility Utilitarianism
Explain the Utilitarian & Deontological aspects of informational privacy for employers & employees INTRODUCTION Patricia Dunn‚ placed number 17 on FORBES list of most powerful women‚ landed herself four felony counts by making unethically chivalrous decisions. Patricia Dunn‚ once a chairwoman on the board of Hewlett-Packard‚ a position she held from February 2005 until September 2006. Her tenure was cut short on October 4‚ 2006 as she was charged with four felony counts for her
Premium Ethics Morality Utilitarianism
Special Purpose Entity Enron had high levels of debt. To attract new investors‚ Enron needed to find a way to hide those debts. Andrew Fastow‚ CFO of Enron‚ turned to Special Purpose Entity (SPE). Several legal entities such as LJM and raptors were created and the poorly performing stocks were transferred to these entities. Then‚ the SPE were used to borrow large sum of money from investors with Enron’s overpriced stock as collateral. These SPEs were not reported on the financial statements. In
Premium Enron
THEORIES OF JUSTICE INTRODUCTION Justice is action in accordance with the requirements of law. It is suppose to ensure that all members of society receive fair treatment. Issues of justice arise in several different spheres and often play a significant role in causing‚ enabling‚ and addressing discord. The goal of the Justice System is to try to resolve and satisfy all these issues for the members of society. Injustice can lead to dissatisfaction‚ and/or rebellion. The different spheres express
Premium John Rawls Political philosophy John Locke
Agency Theory A theory that explains the relationship between principals and agents in business (In this relationship‚ the principal hires an agent to do the work‚ or to perform a task the principal is unable or unwilling to do. For example‚ in corporations‚ the principals are the shareholders of a company‚ delegating to the agent i.e. the management of the company‚ to perform tasks on their behalf.) Agency theory is concerned with resolving problems that can exist in agency relationships;
Premium Principal-agent problem Organizational studies Organization
Aahuti Bhathal Period: 2B Child Development 5/23/13 LEV VYGOSTKY THEORY Lev Vygostky was born to Russian parents on November 17‚ of 1896. Lev vygostky was the second oldest child out of the eight in the family. His mom was a teacher and a full time housewife. His dad was a respected bank manager in Bank of Gomel. Lev Vygostky was never scared to speak in public. Lev Vygostky studied law and graduated with a degree of law from the University of Moscow. While he studied there he was known
Premium Developmental psychology