The Utilitarian model‚ in its broadest sense‚ can be described as “the greatest good for the greatest number” (38). This way of thinking prioritizes the needs of the many over the needs of the few. There are three approaches to this model‚ the cost-benefit approach‚ the act Utilitarian approach‚ and the rule Utilitarian approach. In the first approach‚ the course of action that is chosen is the course that produces the greatest benefit relative to cost. The act approach deals with problems that don’t
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billion Auto Bailout GM and Chrysler get $17.4 Billion Bailout Thesis: Some have even asked the question as to why is the Federal Government giving Gm and Chrysler a 17.4 Billion dollar bailout when so many people are losing their homes? An emergency loan prevented bankruptcy for two Detroit automakers today‚ in a 17.4 billion dollar package given to General Motors and Chrysler‚ the Washington Post reported today. The Post notes that this is only the beginning of a financial bailout for the
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706694 Utilitarian and retributive theory of punishment Utilitarian Theorists believe that punishment should be developed based on what is best for the public as a whole. Utilitarian theorists are forward looking as opposed to retribution theorists. The goal of utilitarian theorists is to prevent a crime from happening again. In a general sense this means that the punishment for a certain crime needs to be great than the possible reward for committing the crime. A utilitarian theorist believes
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AIG Bailout & Stakeholder Analysis In September 2008‚ the American International Group‚ AIG‚ the largest insurance company in the United States‚ suffered from the bad debts incurred insuring mortgage-backed securities. As a result‚ within a matter of three months‚ AIG reported a startling quarterly loss of $61.7 billion‚ largest in the U.S corporate history. Instead of watching this global insurance giant fall on its keens‚ the U.S. government has decided to lend a helping hand by bailing
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MGMT 368 Business Ethics Week 4 Deontological Second Paper Dropbox # 5 April 15‚ 2012 Direct-to-consumer drug advertising - Deontological Point ofView For many years‚ consumers relied and depended on the expertise and knowledge of physicians to make decisions on their pharmaceutical needs. Before 1985‚ prescription drugs could not be advertised directly to consumers. The U.S Food and Drug Administration passed a rule that allowed Direct-to-consumer drug advertising in 1985. This ruling was
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Kant’s Deontological Ethics Immanuel Kant is a German philosopher (1724-1804)‚ who had contributed on the arenas of philosophy‚ war‚ peace‚ science‚ beauty & geography. The word deontology is derived from the Greek word “Deon”‚ meaning duty and “tology” mean theory (Mackinnon & Fiala 2018). The base idea of Kant’s Deontological ethics is just to do our duty in any circumstances. Thus‚ a moral agent should act for the sake of good and motivated by obligation or duty‚ not for an ulterior motive. In
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In this paper I intend to show examples of deontological and teleological on how they are critiquing war. The first paragraph will exemplify evidence of a deontological view and how its critiquing and affecting just war. I will also be reasoning why it’s better than teleological. The second paragraph will represent the teleological aspect‚ how it cannot critique wars‚ as well how teleological is less effective than deontological. Finally‚ in the third paragraph‚ I will revise both arguments and personally
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market refers to a somewhat mixed economy. In this economy‚ government intervention takes place even though the majority of the market is capitalist. This paper aims to explore the utilitarian argument of capitalism and discuss whether government intervention in an otherwise free market leads to inefficiencies on utilitarian grounds. Capitalism refers to a profit or market system (Shaw‚ 2008; Gray‚ 2011). In this system‚ economic activity is private and operates with the goal of making a profit
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I think that Singers conclusion with the famine in India differs from the conclusion that a Utilitarian might reach with regards to the “The Truth about Torture” in several ways. The difference between torturing a terrorist to protect the masses is consistent with Utilitarian Theory. Although Singer’s conclusion does appear to deviate from Utilitarian Theory‚ it actually follows some utilitarian moral principles in the fact that human greed in the western world‚ which is immoral‚ appears to
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There are two general theories of punishment: utilitarian and retributive. In the utilitarian theory of punishment‚ punishment is sought to discourage future occurrences of crime‚ while in the retributive theory‚ punishment is handed out because the offender deserves to be punished. Laws are used under the utilitarian philosophy specifically to maximize the overall peace of society. Because crimes and the punishment that follows are both adversaries to that peace‚ they should be kept to a minimum
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