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How deontological ethics differ from utilitarian ethics
How deontological ethics differ from utilitarian ethics
How deontological ethics differ from utilitarian ethics
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Ethics and Embezzlement What is the most ethical way to deal with someone that has embezzled thousands of dollars from you? This paper will discuss how to handle a situation in which you find that a person that has worked for you for approximately twenty years is stealing from you. In a situation like this, you need to consider what is best for the person, the company, and what will bring about the best ending. These are the three classifications are traditionally used in ethics. They classify the basis for ethical decision-making. The first tradition is deontology, in which the person decides if the action itself is ethical. This way of thinking says, “Actions are viewed as having inherently good or bad qualities.” (Wicks, Freeman, Werhane, …show more content…
In addition, if she had been convicted of a crime, the bankruptcy may not have wiped out this debt (Almond, para 3). In that case, she would still be paying for her years of poor choices and the hurt she caused. In other well-known cases of embezzlement, we have seen some heavy sentencing. For example, Bernie Madoff embezzled approximately 65 billion dollars and was sentenced to 150 years in prison. He has only paid back approximately 5.87 billion dollars (Rosenblum). In many cases, the victim will not receive full restitution. Another with Kenneth Lay of Enron, who embezzled eleven billion dollars, faced up to 45 years in prison and died before he could serve this sentence …show more content…
5). Is the action itself good or bad? In this case, embezzlement is wrong; destroying someone’s life over it is a more difficult decision on this scale. Will this prove you someone of good or bad character? Again, embezzling would place you into the bad character category. Choosing to turn someone in and send him or her to prison would not make you a bad person. However, would forgiving and helping everyone move on make you a better person? Do the ends justify the means? Embezzling is considered stealing and is wrong. There are very few examples when it would be justified. The only examples I can think of would be if you were to steal from some kind of crime syndicate. As for turning someone in who has stolen from you. Would destroying their life and the life of their family be worth getting a few extra
There are two basic types of ethical judgments: deontological judgements that focus on duty and obligation and eudaimonist judgements that focus on human excellence and the nature of the good life. I contend that we must carefully distinguish these two types of judgement and not try to understand one as a special case of the other. Ethical theories may be usefully divided into two main kinds, deontological or eudaimonist, on the basis of whether they take one of the other of these types of judgement as primary. A second important contention, which this paper supports but does not attempt to justify fully, is that neither type of theory trumps the other, nor should we subsume them under some more encompassing ethical synthesis.
What is ethics? Ethics are the philosophical principles of good verses bad moral behavior. It is a guideline to help people make decisions or make a judgment calls. There are two main types of ethical principles that will be discussed in this paper, and how they are applied to the decision making process. They are Deontological and Utilitarian. Deontological ethics are based on the righteousness or wrongness of the action-taking place. It does not base itself on the bad or good consequences that come from the action. Immanuel Kant introduced deontological ethics in the 18th century. Kant believed that every decision or action made by a person had to be evaluated by his or her moral duty. He stated that humanity shouldn’t side on its
“Most people in the U.S. want to do the right thing, and they want others to do the right thing. Thus, reputation and trust are important to pretty much everyone individuals and organizations. However, individuals do have different values, attributes, and priorities that guide their decisions and behavior. Taken to an extreme, almost any personal value, attribute, or priority can “cause” an ethical breach (e.g. risk taking, love of money or sta...
for rules and regulations. Ethics is the discipline dealing with what is good and bad and with a
The nature and damage of white-collar crime can result in a variety of punishments for the offender. Some sanctions being time in prison, some being fines, and others being a combination of both. For example, Chalana McFarland who was a real estate attorney and was accused of fraud, money laundering and other crimes costing investors $20 million. She was charged with $12 million in restitution and thirty years in prison (Haury, 2012). Another example would be Bernie Madoff, who owned Madoff Securities, was involved in a Ponzi scheme. It is believed that investors lost $50 billion dollars. Curently Madoff is serving a 150-year sentence in a prison in Butner, N.C (Haury, 2012). As these white-collar crime cases show, the costs of these crimes can be quite serve and earn life sentences as well as very hefty fines. Moreover, white-collar crimes have huge economic effects on victims, often causing life altering losses. Under consideration white-collar crimes are quite high-cost actions that hold large possible punishments and large ethical issues. In a research experiment done by Christian Seipel and Stefanie Eifler, a theory branching from rational choice theory was tested in relation to crime. The theory they explored was referred to as high- and low- cost theory. This theory discusses the factors that influence low cost crime and high cost crime. Low cost being defined as crimes that have low
Two noteworthy ethical theories endeavor to indicate and legitimize moral guidelines and rules: utilitarianism and deontological morals. Utilitarianism is an ethical hypothesis created and refined in the current world in the compositions of Jeremy Bentham and John Stuart Mill. There are a few assortments of utilitarianism. Fundamentally, a practical way to deal with profound quality infers that no ethical demonstration or tenet is inherently right or off-base. Or maybe, the rightness or misleading quality of a presentation or standard is exclusively a matter of the no ethical excellent delivered in the outcomes of doing that demonstration or taking after that run the show. In whole, as indicated by utilitarianism, ethical quality involves the
Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company. (Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in an business environment, or by a business. There are many situations that can arise in which a person is experiencing an ethical dilemma. They have to choose between standing by their own personal ethical standards or to comply with their companies ethical standards. In some instances some have to choose whether to serve their own personal interests, or the interest of the company. In this essay I will be examining the financial events surrounding Bernie Madoff, and the events surrounding Enron.
The last case I watched before I had to go was of Jeffery Lynn Combs, case number S61248; he had 18 felony counts of forgery and theft. The court considers him a career criminal with a 20 page criminal record rap sheet. In this case he was writing checks in his deceased mother’s name in excess of over 10 thousand dollars. With all the evidence of the checks stacking up against him he decided accepted the guilty plea. Even with his legal team of Amy Hinkle and Stephen M. Wallace he was destined to have an extended sentence. He was sentenced to 6 years to 12 years, spending a minimum of 45% of the time in jail. The court is forcing him to pay restitution or compensation to the state of over $10,000. His arraignment is set for June 6th.
Ethics are moral principles that can be used to help guide peoples decisions. We are all different and therefore our beliefs and opinions differ. There are many ethical theories, and according to Panza and Potthast (n.d.) the following are some that are widely used. Virtue ethics is one theory which states that personality is the most important thing. Living an ethical life, acting right, requires that one develops and demonstrates the quality of courage, compassion, wisdom, and temperance. It also requires that greed, jealousy, and selfishness is avoided. Utilitarianism states that the amount of happiness and suffering created by a person’s actions is what matters the most. As a result, acting rightly includes maximizing the amount of happiness and minimizing the amount of suffering around you. At times you may need to break some of the traditional moral rules to achieve such an outcome. Kantianism is another theory which highlights the principles behind actions rather than an actions results. It states that it requires to be motivated by good principles that treats everyone with respect. If you’re motivated by good principles, you overcome your animal instinct and act ethically. Another ethical theory is the Contract theory, which suggest that ethics should be thought of as terms of agreements between people. It suggests that doing the right thing means obeying agreements set by members rather than those of society. For this theory ethics isn’t necessarily about character, consequences, or principles. The last theory I’m going to mention is Care ethics. Care ethics focuses on ethical attention on relationships before other factors. As a result, acting rightly involves building, strengthening, and maintaining strong relationship...
This case illustrated that there were real consequences to white collar crime. In addition to paying the fifty million dollar fine, he relinquished another fifty million dollars of his illegal trading profits. (He still had millions remaining, however, from his illegal gains.) His actual prison sentence was three years, yet he served only twenty-two months in the federal prison at Lompoc, California, which was known to have a “country-club” atmosphere.
All financial crimes have common elements that are seen throughout them. Employee fraud is just as common as other corporate crimes that take place on a higher corporate level. For this particular assignment, employee fraud of Patton State Hospital employees. The employees had committed an accounting fraud against their employer. According to Verver (2013) employee fraud is not the number one concern for CFOs, CROs, and CAEs but it is considered to have a significant drain on the bottom line along with other negative impacts on an organization. Due to this, organizations need to be diligent in ensuring that employees are not given the opportunity to commit any kind of fraud against the corporation.
Enron was on the of the most successful and innovative companies throughout the 1990s. In October of 2001, Enron admitted that its income had been vastly overstated; and its equity value was actually a couple of billion dollars less than was stated on its income statement (The Fall of Enron, 2016). Enron was forced to declare bankruptcy on December 2, 2001. The primary reasons behind the scandal at Enron was the negligence of Enron’s auditing group Arthur Andersen who helped the company to continually perpetrate the fraud (The Fall of Enron, 2016). The Enron collapse had a huge effect on present accounting regulations and rules.
Bribery is wrong, and it would be almost instinctive to point at the benefits of impartially functioning public servants and incorrupt corporations to our democratic society as justification. However, in this imperfect world where bribery is rife in varying degrees, is it possible to express this notion convincingly? Certainly 'because the UK Bribery Act says so' is far less persuasive to a council planning office in Shanghai than in London, and indeed in compliance with section 7 of the Bribery Act 2010 which relates to commercial offences, it is essential that this question is engaged with on a corporate scale and without assertion through dogma. Accordingly, this essay will argue that elements wrong with bribery are inclusive of both moral and economic considerations. Moreover, in conjunction with international mandates, advent of aggressive legislation such as that of the UK Bribery Act 2010 is representative of global efforts to eliminate bribery. Hence, it follows that bribery can never be considered a normal part of business because it is economically unsustainable in the long term.
4. Unknown. Ethics. Santa Clara University Markkula Center for Applied Ethics. 29th March 2004. http://cseserv.engr.scu.edu/NQuinn/COEN288/EngrHandbook_Ethics.pdf
How do you determine what is right or what is wrong? Personally, I feel that from within ourselves, we know when we have done right and when we have done wrong. This may not stop someone from doing wrong, but, within themselves, I believe that they know they are doing wrong. I believe that someone knows when they have hurt someone else feelings or caused harm to someone. Consequently, I do not make up a culture, which has merits on determining right or wrong. Within this report, ethical relativism will be define and discussed how it relates to right and wrong as well as the corruption that I discussed in the previous assignment.