Question 12 1. Introduction Discrimination is commonly defined to be the treatment of‚ or making a distinction in favor of or against a person‚ based on the group‚ class‚ or category to which that person belongs‚ rather than on individual merit. The key issue in this question is: is discrimination against older workers‚ persons with same sex orientation‚ and persons with disabilities in the workplace ethical? To address the ethical issue above‚ it is very important to determine whether the
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Chapter 29: Code of professional conduct * What guidance is provided to help AICPA members follow the Code Of Professional Conduct? Provides general guidance on professional responsibilities‚ the public interest‚ integrity‚ objectivity and independence‚ due care‚ and the scope and nature of services without establishing specific standards. Nevertheless‚ every practitioner should read them. An understanding of the difference between independence and objectivity is important particularly
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Utilitarian theorists are concerned with the maximizing the overall happiness for majority. According to this school of thought‚ morality of action is determined by the consequences of ones actions instead of agent’s intentions. Therefore‚ judging from the Utilitarian perspective‚ one can argue that Libor rate manipulation did not benefit the society as whole‚ instead it benefited couple investment banks‚ and therefore it was not an ethical action. However‚ how about if those banks actually did not
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How can we morally justify lying/deception? Lying is a process that is carried out by people of all ages‚ races‚ nationalities and societies. However‚ even though it is a common act to the majority of the world‚ it is considered morally incorrect‚ due to the fact that it provides misleading information that usually causes someone harm. There are three main components of a lie: a statement needs to be made‚ the person telling the lie must believe that the statement is false‚ and the statement must
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ETHICAL THEORIES 1. Utilitarianism 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 people is the choice that is ethically correct. One benefit of this ethical theory is that the utilitarian can compare similar predicted solutions and use a point system to determine which choice is more beneficial for more people. This point system provides a logical and rationale argument
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SM0381 Frequently Asked Questions 1. General Questions 2. Reflective Statement Questions * 10pt Arial‚ single line spacing. * Your Reflective Statements should not be going over one side of A4 per entry. 3. Ethical Dilemma Essay * “In my company’s ethical dilemma the company is faced with the dilemma of…”- Woah! Wait on there! Company’s cannot have ethical dilemmas‚ they are virtual legal entities; not people. They cannot think‚ reason nor have moral debates; they aren’t
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OPPORTUNITY CREATES ETHICAL DILEMMAS Definition of ethical dilemmas Ethical dilemmas‚ also known as a moral dilemmas‚ are situations in which there are two choices to be made‚ neither of which resolves the situation in an ethically acceptable fashion. In such cases‚ societal and personal ethical guidelines can provide no satisfactory outcome for the chooser. Ethical dilemmas assume that the chooser will abide by societal norms‚ such as codes of law or religious teachings‚ in order to make the choice
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My Perception of Personal Ethics and Professional Ethics: Ethics plays a vital role in shaping moral health of a person‚ a society‚ a government‚ or a corporate. Laws‚ and legislation however much necessary‚ will never fashion the attitude and character of a person‚ but ethics will. The sense of accountability to all stake holders‚ fair treatment to all in interpersonal relationships‚ integrity‚ and honesty are the parameters that characterize ethical behavior. Business sustainability demands
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Explain Mill’s utilitarianism and how it may be applied to one ethical issue other than abortion or euthanasia. (30 marks) John Stuart Mill’s theory of utilitarianism focused more carefully on the shift from quantity to quality. He accepts that being governed by feelings of pleasure and pain is subjective‚ he challenges us to show how it is not a principle which governs all human behavior. Mill believed that humans would always seek the ‘higher’ pleasure over the ‘lower’ pleasure. He states that
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1. Ryan’s ethical dilemma is to manipulate the cost budget to keep the price competitive so that the VP of Sales‚ Sid‚ can make his quota for the year. Ryan is being asked to remove the quality testing and maintenance from variable costs and make them fixed costs to allow the selling price to drop from $6.00 to $5.30. Sid‚ the VP of sales is using his status in the company to take advantage of Ryan. Ryan‚ a new hire‚ wants to be on good terms with everyone and this is just putting him in a compromising
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