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The code of ethics represents the standards and values that all consultants in the organization should uphold while conducting their duties. This is quite important as it ensures a good relationship between the organization and the clients as well as among employees. The code also ensures the quality of service offered is within global and religious standards based on biblical teachings.
The rise and fall of the company Enron, contained in the case example and in existing coverage, involves accounting, and the abuse of executive privilege. Enron stayed in the news long after the initial accounting scandal, as jury selection began for the case of its ex-executives Kenneth Lay and Jeffrey Skilling.
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This price cut would force the company to sell the medicine at a loss, causing financial burden. On the other side, the company is also concerned that this reduction would have a knock-on effect as other countries use country X as a key reference point for setting their drug prices.
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This accountability of the profession to the public interests is beyond the compensation and the honorarium paid by the clients. The focus of this study is on ethics in Accounting. Accounting ethics applies ethics to the principles and standards of accountancy.
Customers, suppliers, employees, and shareholders each have their own interest in the performance and success of the organization because each can benefit or be harmed by the decision making management makes. This act of sharing with the community and stakeholders better puts the reputation of the organization in good standing with future consumers and investors.
Consider the scenario where a manufacturer of children’s clothes produces products with a chemical for protection against flames. The textile materials treated by these chemicals have been banned in the markets in the UK and US and so the organization resorts to selling its stock to the developing markets where there is no such legislation.
The concepts of ethical issues have been considered to support voluntary euthanasia. It is worth being mentioned that it is being argued that if an individual has the authority to make informed choices about medical treatment then the right of informed medical assistance to death gets naturally extended to her.
Euthanasia or physician-assisted suicide is defined as “the intentional and deliberate ending of a human life.” In passive euthanasia, the patient is allowed to die by not providing him with the necessary treatment, while in active euthanasia; the process of death of the patient is hastened by proving a substance (sometimes poison) or a procedure, which results in the ending of life.
Ethical consideration is a crucial factor to be adopted by every company. According to Crane and Matten, “Ethical consideration includes no stress and harassment to the customers, no harm to people or individuals, avoidance of public and customers safety for personal benefit should be excluded from ethical consideration by a company”
While this negative outlook may be so widely accepted challenging it seems to be a hard but important task. Wherever such narrow-minded populist thinking is realized, we are heartened by actions of strength and courage of free-thinking personalities; people who do not fear speaking up for multiculturalism, solidarity, and equality; those individuals who go against status quo to struggle for what they believe in.
Culture is a matter of experience. Experience would teach an individual from the standpoint of learning theories, but above all, it is about the interconnection of an individual with his or her immediate environment. From a psychological perspective, the environment has a specific influence on the individual through his or her experience (Feldman 17).
Roiphe (2011) has earnestly sought to contradict those legal experts who hold that lawyers deserve to be granted a certain degree of flexibility when it comes to the issue of neglecting or overlooking client frauds. Although her opinion is very incisive, at certain times she appears to be too much argumentative.
Indeed, ethical principles are significant elements that are essential in advancing the achievement of credible and reliable results in studies of a social nature. The guidelines hold the capacity to instill honesty in the coordination of research studies and advance confidentiality in handling collected information.
Best Buy, has been incorporated in 1996, and it is a multinational retailer of customer electronics, entertainment products, mobile phone and computing products, appliances, and associated services. The company operates call centers and retail stores and carries out online retail operations in various brand names, such as Best Buy Mobile
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Trent also does not sidestep the issue of transparency in polls. Trent feature’s Matthew Robinson’s Politicians and Polls to underscore how the dissemination of opinion poll results almost always reach the public after undergoing a complex interplay in the hands of a biased opinion pollster and media house.
The questionable practices of Fastow and the rest might have brought on a brief burst of prosperity, but considering how their dishonesty resulted in Enron’s bankruptcy, it can be said that adherence to ethical standards is for practical as well as moral reasons, and is, therefore, something no company should ever lose sight of.
It takes a view that there cannot be justification for breaching individual patient confidentiality in the wider interest of service. In 2005, Margaret Haywood, a health worker, filmed a patient suffering in filthy conditions. The clip was used in a BBC Paranoma documentary that caused a stir in the health sector at the time.
In medicine, euthanasia acts as an option that involves measures to relieve a patient from continuous pain by intentionally ending the life of a given patient. Euthanasia has been in use in circumstances where patients succumb to serious pain caused by terminal illnesses that are not likely to end.
The options and avenues open to the patients facing an end-of-life scenario, either because of being terminally ill or because of a lack or absence of the pragmatic medical cures and treatments that may ameliorate their suffering, is one such salient ethical issue being faced by the human civilization (Fora Tv, 2010).
It is an action that is taken by doctors in hospitals or soldiers in a battle where the recipient is mortally wounded, or they are suffering from a terminal disease like cancer or other insufferable diseases and/or conditions. Euthanasia sparks different responses from different people and in various societies, in the world.
It is the duty of the government and the society to address social problems with voluntary assistance from the businesses. As such, the businesses’ responsibility to solve social problems they never caused extends to the point where such responsibility is within the capacity of businesses and helps in achieving businesses’ objectives.
Professional ethics includes the individual rules recognized and respected by a given class, organization, institution among other professional groups. The major difference between morals and ethics is that ethics relates to legal and professional guidelines within a particular place and time while morals refer to customs and transcend the cultural norms.
The issues may range from economic, social or even political. The forums formed are meant to benefit all the participants in the global market irrespective of their states. They ensure that the environment is conducive for the operations of all the participants and ensure that all participants follow the set rules and regulations.
Another argument that has been made in support of human cloning involves allowing individuals to genetically create organs, which are identical to theirs. This is because it is the only way through which they can be guaranteed the replacement of damaged organs that are compatible and which their bodies will not reject (Pence, 1998).
Our ideas of morals have been gotten from religions, theories, and societies. Philosophers these days have a tendency to separate moral hypotheses into three ranges: meta-ethics, regularizing morals, and connected morals. Meta-ethics manages the way of good judgment. It takes a gander at the starting points and significance of moral standards.
From the study, in order to promote the concept of ethical consumption then the company must ensure that its products are ethical and observe all the business ethics. Even with the positive claims about Google Company, there are still flaws that show that the company at times fails to meet business ethics (Quastel).
With the dawn of new challenges never experienced before, it articulates the risks the human race might be in. With an increase in the probability of infringes as a result of the rise in technological advancements, it highlights how things might be easier from an ethical point of view. It also gives recommendations for future resolutions.
Audi’s decision-making framework concerns the roles that reasons make in one’s action. How one gets to know whether what they are doing is right and how practical reasoning can guide ethical judgment. It thus gives an account of how practical reasoning can explain the action, connect intention with reasoning, and make justifications for practical judgment.
Having examined all the points that were brought up in the paragraphs, one is able to come to the following conclusions: globalization is surely a complex phenomenon and in order to understand the obligations that companies have in it, one should first identify the significant issues that guide its development.
Milgram reported that there was a debriefing session wherein the subjects were interviewed and made to recover from the stress experienced during the whole experiment. They were assumed to have left the laboratory in a state of well-being and reconciliation with the learner they thought they shocked.
The operation would result in the death of Mary while Jodie would survive. The parents were against the operation on religious grounds although they were informed by the doctor that all kids would eventually die if not operated. The doctor carried out the operation and when sued the trial court found the doctor liable for the death of Mary.
The roles withing organizational structure are the leadership style, the prevailing values, norms, sanctions, and support mechanisms, as well as the traditions and legends, methods of enculturation and characteristic ways of interacting with people and institutions outside the culture, such as customers, suppliers, competition, government agencies and the general public (Cohen et al 2004: 553).
Once all fields of science and technology have been developed, the image of our society where we are living in today has become totally different from the past in terms of urbanization. City centers of major urban areas have been adorned with a high-rise building, and people who work at skyscrapers mostly deal with ultramodern technologies such as a computer, smart-phone, and its software.
Advertising is a part of one of the four elements of the marketing mix that companies adopt in marketing their products. Advertising is defined as any paid form of non-personal presentation of ideas, goods, and services by an identified sponsor (cited by Nebenzhal & Jaffe, 1998). This definition suggests that it is a paid-for communication and the intended audience can identify the sponsor.
The induction process was created in order to give the new recruit a preview of what he/she should expect upon entering a company. In the same way, the company also benefits from the induction process by screening the recruits and separating those who can actually contribute to the company, between those who have shown to produce poor work.
Descartes based the definition of knowledge in terms of doubts. According to him the epistemological gap between the subject and the objects of reality could be removed if the conviction of knowledge was so strong that there would be no doubts. Hence there would not be any reason for doubts to exist.
Here comes another point of debate and that is, are there any means through which we can learn how to be ethical? or a person is ethical by nature? Well, it is neither true nor untrue. Some traits in humans are by birth but some are acquired from our society, our teaching institutes, our friends, and so on.
The judge might be tempted to put the child in the custody of the rich parent if she takes a long term view for society in connection with utilitarianism. A child who has a private school education and is able to excel due to his education may be more beneficial for society as a professional rather than a child who has received the basics in life.
As Chief Executive of Apple Inc., I believe that in order for the organization to survive and succeed, it must have a sound set of beliefs on which to base all its policies and actions. In addition, faithfulness to those beliefs is what will ensure corporate success, because it will influence our consumers as to our commitment to being socially responsible.
In line with this, there is a need to understand what ethics is all about. Ethics is concerned about the study of what is to be done (Kerridge, Lowe, and McPhee 1). In other words, it deals with identifying what is right and wrong (Pojman and Fieser 1).
In 1996, the number of working mothers increased and organizations were forced to find new ways to provide them with the opportunity to balance work and non-work priorities. The following changes were introduced into employment practices: flexible work schedules, on-site child care, flexible leave policies and other benefits.
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Researches on “Stem Cells” have gained acceleration during the last decade. The researches on stem cells provided us with increasing hope for possible treatment for several severe diseases that human beings suffer throughout their lives. Stem cells are the basic cells of our body formed during conception.
Facts are debatable, yet there is an absolute answer; for example, who is the richest person in America. However, opinion is the opposite. It cannot be right or wrong, no absolute answer exists because different people have various opinions on each matter. The point made here is that we have to distinguish whether our knowledge is justified and valid or not before we use it as evidence or the basis of moral code.
Since the mass movement, violence and genocide of the indigenous Red Indians for resisting, to the expulsion of Mexican immigrants and exclusion of Japanese’s and Chinese citizens in the US affairs for belonging to inferior racial groups, the US has defined the aspect of racism more profoundly than any other society in history.
According to Alfred Cyril Ewing, the term ‘Utilitarianism’ is used both in a narrower and in a wider sense. It may denote hedonistic utilitarianism which considers pleasure as the only good and pain as the only evil; or it may “stand for any view which makes the rightness of an act depend solely on its conduciveness to good”, without basing it on any theory explaining the things that are regarded as good.
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A code of ethics is a “statement of principles that describes desirable professional conduct and guides individuals in resolving ethical problems”. Almost every organization and the professional organization have codes of ethics, but there is no conformity as to the extent of usefulness and effectiveness of these codes.
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The theory of utilitarianism was developed by the English philosopher and social reformer, Jeremy Bentham. The theory approves of action as long as it brings the greatest happiness or goodness to a maximum number of people. This approach takes into consideration the cost to be paid for the effect of an action which aims to increase positive outcomes and reduce the negative.
This diction, however, did not interfere in the author’s ability to keep his presentation of ideas simple and understandable to laypeople. Based on the author’s claims and values, he seems to be more concerned with putting across the message that although medical risks involved in harvesting eggs are present, they are minimal and manageable.
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While I have financial support in completing my studies at the University of Phoenix, I recognize the importance of regularly paying my tuition. By not maintaining a consistent and ethical account of my finances, I understand that my ability to continue my education in a functional and unhindered way will be deemed impossible.
This diversity in preaches and practices had often lead to hegemonic arguments regarding the superiority of one stream of thought over the other. An example of a joke about the Jew and the Greek boasting about their respective cultures will prove the incompatibility of Hebraism and Hellenism. Here goes the joke: The Greek said: “They were digging recently in Athens.