Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Macroeconomics and Microeconomics - Ethical Issues - Essay Example

Comments (0) Cite this document
Ethical Issues Contents Historical background of the chosen company 3 Unethical questions involved 3 Analysis of the effects 4 Proposed Principles 5 Works Cited 6 Historical background of the chosen company The chosen company is General Electric. The company operates in the field of services, technology and manufacturing…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Macroeconomics and Microeconomics - Ethical Issues
Read TextPreview

Extract of sample "Macroeconomics and Microeconomics - Ethical Issues"

Download file to see previous pages presently; GE has the record of being the sole company that is listed in Dow Jones Industrial Index that was also listed in the index which was original. Presently, GE is the sole company that is listed in the index of Dow. GE came up with the Radio Corporation of America (RCA). GE has the record to work in the power generation field which provided them the opportunity to venture into the new field of aircraft turbo superchargers. World War I marked the introduction of the first turbo superchargers. GE acquired the assets of wind power of Enron in 2002. The company also has its steps as GE appliances, GE plastics, GE medical systems and GE technical products and services. Unethical questions involved An ethical issue is regarded as a problem that is identifiable, a situation or opportunity. The ethical issues require a person to choose an action that may be evaluated as right or wrong among several actions. Such a choice often takes the monetary profit into account rather than the appropriate conduct that is considered by the person. The nuclear reactors developed by GE have a fatal flaw. GE has developed 91 nuclear reactors around 11 nations. The probability of radiation from the designed reactors is 0.9 in case of nuclear meltdown. A documentary video was released in the year 1991 which accounted people who are harmed because of radiation and also because of the toxic pollution from the nuclear weapons of GE. GE avoids the testing proposals in chemical toxicity tests and it kills large numbers of animals annually. This argument was put forward by PETA. GE can also be held responsible for global warming. But recently GE has taken steps towards a stringent position in environmental concerns. Most of the largest green house gas emitters including GE failed to disclose the financial risk associated with changes in the climate and ignores the deal on global warming and other related issues which includes areas of corporate governance. The share holder’s meeting calls the management to report on the green house emissions which includes carbon dioxide, mercury, sulphur dioxide and nitrogen oxide. The company has two manufacturing plants in Hudson falls and Fort Edward. EPA reported that the company discharged polychlorinated biphenyls of huge volume into the Hudson River. The company opposed the plan to dredge PCBs from the river. GE referred the proposal as absurd. GE was responsible in a fraud case in 1990s. Recently in 2010, GE has been under a lot of speculation due to discrepancies in their tax payment. Many have accused GE for differing tax payments on total profit earned. In 1992, General Electric faced its worse ethical lapse. The company was rocked by many pricing scandals related to the defense contract the company had undertaken. The public image of GE had suffered immensely due to the scandals revealed (Prasad, 111). To re-establish the clean image of General Electric, the company took various steps. The company drafted several in-house rules that were of about eighty pages and were published in all the languages on the websites of GE. The rules and regulations were hailed as Integrity by the company. In the early 1993, the company decided to set up a toll free number, which was available to all the employees. The employees were requested to call up at the toll free number to report any unethical practice seen by them during the operations. GE has been hailed by ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Macroeconomics and Microeconomics - Ethical Issues Essay”, n.d.)
Macroeconomics and Microeconomics - Ethical Issues Essay. Retrieved from
(Macroeconomics and Microeconomics - Ethical Issues Essay)
Macroeconomics and Microeconomics - Ethical Issues Essay.
“Macroeconomics and Microeconomics - Ethical Issues Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Macroeconomics and Microeconomics - Ethical Issues

Ethical News Coverage of Victims of Tragedy

Cooper tells the story from a personal viewpoint, as her niece Cheryl was killed in the explosion of TWA Flight 800. It was this tragedy that inspired her to take a look at how journalists handle stories, explore the concept of ethics, and to do what she could to change the way journalists behaved unethically when covering tragic stories (Johannesen, 2002).

Cooper bases the story around “four moments during which I, or someone close to me, articulated an ethical impulse about the situation; four moments that entail four distinct ethical concerns for media professionals who cover tragedies” (Johannesen, 2002, pg. 320). These moments occur when Cooper tells her partner that she realizes the media will be arriv...
6 Pages(1500 words)Case Study

Arguments for Ethical Egoism

The idea behind most philosophers' advocacy of ethical egoism lies in sacrificing one's short-term self-interest in order to maximize one's long-term self-interest, which is a form of rational self-interest. It was contended that in ethical egoism, there is harmony in all humans, and this harmony prevents a moral agent to rationally harm another person.3 As Nietzsche has pointed out, the ancient Greeks did not associate morality with altruism in the way that post-Christian Western civilization has done,4 implying that being altruistic is not the same as being moral. This would likewise lead to saying that being egoistical is not being immoral. Ethical egoism is said to be a good philosophy since it furthers the ends of others, whi...
6 Pages(1500 words)Case Study

Contemporary Managerial Issues in Accounts and Finance

Political theorists like Veblen argued that the separation of corporate ownership from control generates a transfer of power from a minority of stockholders to a group of decisive owners who have the control over the way of access to credit and finance (Roe, 1994, p. 5).
However, contemporary analysts of corporate power contested that dominance and ownership in modern corporations have shifted to a property-less group of managers. Consequently, this current shift of power and control in large modern corporations could usher in ultimate preoccupation over profit rather than non-financial motives. Furthermore, the separation of power and ownership will lead to the destruction of the traditional legal theory of property which en...
23 Pages(5750 words)Literature review

Physiological Factors While Dealing With Health Issues

The body’s metabolism includes all the physiological processes in the body. Enzymes serve as catalysts to biochemical reactions that form a part of metabolism. The two distinct chemical phases of metabolism are anabolism and catabolism. Anabolism consists of building up carbohydrates, proteins, fats and nucleic acids from simple molecules, through the use of energy. Anabolism is responsible for processes such as growth, repair, and reproduction. On the other hand, catabolism is the process by which large complex molecules are broken down into smaller, simple molecules, with the release of energy. Metabolic processes are carried out by the cell organelles, each organelle has a distinct and crucial function. Every animal cell...
12 Pages(3000 words)Report

The Issues of HRM Consultancy of Carisma

The first and foremost task of creating a winning team is to lay a strong foundation that has a framework that is common to all the members of the team since different members of a team have different aims or goals. A team has to go through four phases before it can become a cohesive whole. These phases are forming, storming, norming and performing, and it is through a proper progression through these stages, that the team will be able to achieve its goals. Then the team has to find its “pulse” which shows how well their decisions and interactions are working. (Hronek, Ginny, n. d)

When the team has been created, it needs to be injected or infused with team spirit. First and foremost make it clear that teamw...
8 Pages(2000 words)Assignment

Company Law Issues

Various sections of the CA are coming into force over a staged process and the relevant provision relating to authority is sections 39 and 40, which came into force on 1 October 2007.

Section 39(1) of the CA provides that “the validity of any act done by a company shall not be called into question on the ground of lack of capacity by reason of anything in the company’s constitution”

Additionally, section 40(1) provides that: “In favor of a person dealing with a company in good faith, the power of the board of directors to bind the company, or authorize others to do so, shall be deemed to be free of any limitation under the company’s constitution”.

Section 40 (2)...
9 Pages(2250 words)Case Study

Macroeconomics and Trade Policys

Keynes argued that prices and wages do not determine the level of employment, as many classical economists suggested, but instead the level of aggregate demand for goods and services (Case & Fair 683). Keynes realized as well during the Great Depression that the government could intervene in the economy to attain specific employment and output goals by either increasing or decreasing taxes and government spending.

For example, raising taxes will decrease the disposable income of households and thus effectively decreasing consumption. When the government decreases consumption, the household demand for goods and services decreases thus it would only seem reasonable that the amount of output that the economy would also...
7 Pages(1750 words)Article

Ethical Dilemma in Nursing

As a practitioner, the nurse attends to all the medical needs of the patient and as a leader, she takes decisions that relate to, influence and facilitate the actions of others with an aim to achieve a particular goal. As a researcher, the nurse aims to implement studies to determine the actual effects of nursing care and to work towards further improvement in nursing care (Nettina, 2006). In order to impart these duties in the most appropriate manner, nurses must not only possess sound knowledge of the subject, but they must also be aware of ethical laws and legislations and how to handle ethical dilemmas. This is because, through their career, nurses encounter many situations that are tangled in ethical complexities. As Hall (19...
9 Pages(2250 words)Article

What Is Macroeconomics

While microeconomics is concerned with the factors underpinning the economic life of individual entities like families and small businesses, macroeconomics looks into the various elements that move or determine the economy in its entirety or what some call an aggregate economy. Macroeconomics is useful because it allows a predictive view of how market forces affect the economy and advises governments appropriate economic policies and gives private individuals and business entities a glimpse of what the future holds economically.
The term macroeconomics did not exist prior to the Great Depression but there was a collective set of theories that were used to study the various workings that influenced the aggregate economy. Econo...
8 Pages(2000 words)Assignment

Intermediate Macroeconomics and Macroeconomic Coordination

...CHAPTER 04 (MACROECONOMIC COORDINATION) We know that when GDP, APE & ASF are unequal, than an interplay occurs (Macroeconomic coordination process) which bridges the gap between these variables. If there is a disparity between ADF & ASF, there will be an automatic reaction among money users & suppliers which restores the magnitude of these variables to equality generally known as funding adjustment. Similarly, if there is a difference in the values of GDP & APE, it will trigger the suppliers of goods & services to act together and bring the figure close to equality. This process is called output-price adjustment. The purchasers of the domestic output can be classified into three groups. Group 1 involves individuals having sufficient money...
6 Pages(1500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Macroeconomics and Microeconomics - Ethical Issues for FREE!

Contact Us