manager (as well as the firm) is the maximization of shareholders’ wealth. A good financial manager therefore should carefully consider and weigh the risk of undertaking a certain project against the profits associated with undertaking such a project. Capital Budgeting techniques enable the manager to make such decisions. The first question that comes to mind is‚ when making a capital investment decision‚ should we focus on cash flows or accounting profits. The book is stating “In measuring
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I believe that virtue ethics is the most plausible ethical theory. It is the only theory that requires us to work better ourselves by cultivating virtues instead of giving a law to follow or because we value the outcomes. In addition‚ with today’s society being self-centered it is the theory that has the best chances of being accepted. A virtue is defined as the mean between the extremely good and extremely bad and arriving to that just middle take time‚ dedication‚ and patience. One does not own
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Applying an Ethical Theory Amanda Thorn PHI 208 Prof. Emilia Sorensen November 17‚ 2014 The long debated question of the importance of men and women and their roles has raged on for years. Should men and women be treated equally‚ that truly is the question that seems to have more answers than resolution. Applying the question to Deontology and the work of Immanuel Kant‚ the answer would be all people regardless of gender should be treated equally. However‚ these theories do not take
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Reporting Practices and Ethics HCS 405 Sound financial‚ ethical practices in for-profit and non-profit health care organizations are important because they increase the confidence that all stakeholders have in the organization. Health Care managers have to ensure that good ethical practices are employed while carrying out all the elements of health care finance management to ensure financial stability for the organization and preference from consumers and stockholders. There is
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Law and Ethics essay For the purpose of this assignment I will look at the legal and ethical aspects involved in the following scenario and this will be discussed. I will take into consideration both the deontological and consequentialism theory. Laws relevant to this scenario will be looked at. Scenario To maintain confidentiality the name of the patient has been changed. The patient D is 60 years old male who had kidney cancer he had been admitted to the hospital for further treatment. On
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whether it took place hundreds of years ago. Stealing is just one of those things which is universally wrong and knows that even if they don’t obey the rules. Strengths Weaknesses . It provides a fixed ethical code to judge actions with . Clear guidelines of behaviour. . Absolutism enables us to have a UN Declaration of human rights . Equality- same rules apply to everyone. . Life contains many situations which people instinctively take an absolutist
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Question: Firms often involve themselves in projects that do not result directly in profits‚ for example by sponsorship of sporting events of the opera or other entertainment. Do these projects contradict the goal of maximization of shareholder wealth? Why or why not? Answer: Participating in programs that are socially responsible does not contradict the goal of maximization of shareholder wealth. Having a good reputation from your local community is very important for sustaining a business
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ETHICAL PRINCIPLES/THEORIES Situation Ethics o Situation ethics views Pornography as moral if and only if it is used in moderation and with the right mind set of the individual to use it to benefit oneself or others in a good way. A married couple who are unable to show their love to each other can use a type of pornography called “cybersex” to help them cope up with the loneliness of being away from their loved one. o But if an individual indulges his/herself into pornography to harm
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Explain a theory of religious ethics An example of a theory of religious ethics is Jewish ethics. Judaism is a deontological theory as we have laws‚ and it is our duty to fulfil them. The main aspect of Jewish ethics is that it is monotheistic‚ meaning there is one G-d with one moral system for all Jews to follow. Thus‚ Judaism is heteronomous as the laws are G-d given. Judaism is a monotheistic religion‚ meaning there is one G-d with one moral system in which we must all abide by. This is evident
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interest of the child. This paper explores the parental rights of reunification with their child and the impact of reuniting the child to the natural parents against the child’s will. Ethical Consideration Rule-based theory focuses on the right or wrong intention behind the consequences (Kamm‚ 2008). End-Based theory focuses on by doing the right act will result in a good outcome. Parent Factor The child was removed from her parent custody by court order due to their addiction to drugs and placed
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