They affect how people make decisions and lead their lives. Ethics is concerned with what is good for individuals and society and is also described as moral philosophy. The term is derived from the Greek word ethos which can mean custom‚ habit‚ character or disposition. Ethics covers the following dilemmas: how to live a good life our rights and responsibilities the language of right and wrong moral decisions - what is good and bad? The concepts of ethics have been derived from religions‚ philosophies
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* * * * * * Ethical Problems of Gambling * Michele Gioxaris * SOC 120 * Instructor Gerczyk * February 13‚ 2012 Ethical Problems of Gambling Gambling can become a serious addiction and just as serious as alcohol or drug abuse. Some find gambling to be a distraction taking them away from the problems of their everyday life. Many examples of gambling are sports betting and casinos‚ which are illegal in most states‚ horse betting‚ card playing‚ playing
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WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on
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AVOIDING INVESTMENTS IN FRAUDULENT COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company
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The WorldCom Fraud © 2003‚ 2005 by the AICPA This presentation is intended for use in higher education for instructional purposes only‚ and is not for application in practice. Permission is granted to classroom instructors to photocopy this document for classroom teaching purposes only. All other rights are reserved. Copyright © 2003‚ 2005 by the American Institute of Certified Public Accountants‚ Inc.‚ New York‚ New York. WorldCom’s Background • Awoke the sleeping giant by leading the telecom
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Ethical Problems of Gambling SOC 120 Michael Pankrast November 13‚ 2012 The main focus points of this paper are gambling addiction and crimes perspire through gambling activities. Gambling activities are offered illegally meaning that these activities are taken place without legal authority knowing. However‚ problems arise when coming in contact with gambling. Problems that arise with gambling are mostly crimes and lies. A brief discussion on a theory that may resolve
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Ethical Problems of Gambling Eva Bohannon SOC120: Introduction to Ethics & Social Responsibility Instructor: Nadine Acevedo May 26‚ 2014 Ethical Problems of Gambling 1 Looking at the ethical view of gambling through the eyes of Utilitarianism and Deontology perspectives we will find 2 very different views with the same outcome. Should there be any restriction of gambling? Is it a form of freedom‚ or an invitation to addiction? George Washington said: “Gambling is the child of avarice‚ the brother
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abroad contracts by paying bribes to their clients. Is this an unethical behaviour or just a way to make profits for their company as they pretend that they didn’t make any personal gain? Is this behaviour could be considered as a sort of lobbying? What are the lessons Siemens had learned from this scandal and how did they save their reputation? First‚ corruption in Siemens company was a well-organized practice. Mister Reinhard Herbert Siekaczek‚ who was a top trade manager in Siemens testified at
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Ethical Problems of Gambling An addiction to gambling can be as alcoholism and drug addiction. Gambling is a chronic though gradual condition that occurs when an individual is unable to control the impulse to participate in gambling‚ regardless of the impact that it may have on one’s life. The disorder frequently leads to stress‚ extensive debt‚ a gradually worsened gambling problem especially if the procedure is left untreated. Although gambling has a clear financial effect
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Review of Accounting Ethics – Worldcom ACC557 Financial Accounting Cornelia H. Brown Strayer University Review of Accounting Ethics - Worldcom In a business world pressured to meet organizational objectives such as high revenue growth it is not alarming that conduct by decision makers may be deemed as questionable practices. These practices within the past two decades have resulted in a number of organizations finding themselves confronted with ethical dilemmas and the aftermath
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