Ethics In Business Essays - Ethics, Applied Ethics, Business Ethics

Ethics In Business Essays - Ethics, Applied Ethics, Business Ethics Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldnt distinguish which parts they were to test under government ezdards and commercial ezdards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employees is fully excused, or is given some moral responsibility, would have to be looked at on an individual basis. The second mitigating factor is the duress or threats that an employee might suffer if they do not follow through with their assignment. After the bogus testing was completed in the National Semiconductor labs, the documentation department also had to falsify documents stating that the parts had surpassed the governmental testing ezdards. From a legal and ethical ezdpoint, both the testers and the writers of the reports were merely acting as agents on direct orders from a superior. This was also the case when the plant in Singapore refused to falsify the documents and were later falsified by the employees at the have California plant before being submitted to the approval committees (Velazquez, 53). The writers of the reports were well aware of the situation yet they acted in this manner on the instruction of a supervisor. Acting in an ethical manner becomes a secondary priority in this type of environment. As stated by Alan Reder, . . . if they [the employees] feel they will suffer retribution, if they report a problem, they arent too likely to open their mouths. (113). The workers knew that if the reports were not falsified they would come under questioning and perhaps their employment would go into jeopardy. Although working under these conditions does not fully excuse an employees from moral fault, it does start the divulging process for determining the order of the chain of command of superiors and it helps to narrow down the person or department that issued the original request for the unethical acts. The third mitigating factor is one that perhaps encompasses the majority of the employees in the National Semiconductor case. We have to balance the direct involvement that each employee had with the defective parts. Thus, it has to be made clear that many of the employees did not have a direct duty with the testing departments or with the parts that eventually failed. Even employees, or sub-contractors, that were directly involved with the production were not aware of the incompetence on the part of the testing department. For example, the electrical engineer that designed the defective computer chip could act in good faith that it would be tested to ensure that it did indeed meet the required government endurance tests. Also, for the employees that handled the part after the testing process, they were dealing with what they believed

Short answer Essay Example | Topics and Well Written Essays - 500 words

Short answer - Essay Example A deep understanding of the theory of international systems is therefore relevant to determine what are the policies enforced in conflict situation that may ran counter with domestic politics (Karns and Mingst, 2009). Spatial models for international disputes and theoretical concepts that could be key for cooperative resolution of issues (Bueno de Mesquita, 2010; Karns and Mingst, 2009). War causes devastation of properties and loss of untold number of lives; it costs billions of money in a territorial dispute, resource utilization, and due to revolution waged by people who wanted to change and democratize the system (Karns and Mingst, 2009). War in itself is a mirage of injustices and human rights violations as innocent civilians are stripped and subjected to indignity in the evacuation centers and in a perpetual flight for security and safety (Karns and Mingst, 2009). Experiences bared how war violated the fundamental and constitutional rights of all human beings. In a Hegelian doctrine of dialectics, the sad and traumatic experiences of war inspire people, and advocates from states and non-states for collaborative peace work to intercede for conflict resolution through meaningful dialogues and adoption of humanitarian principles for peace-building and conciliation efforts (Karns and Mingst, 2009). The peace-building efforts will include the need for accountabilit y and effective global governance (Karns and Mingst, 2009). The global economy is characterized by the interdependency of nations in the maximization of resources through liberalized trading and exchanges of goods based on the purchasing power of nations. International commerce and liberalization of economy, as initiated by the Group of Twenty (G20) paved for a peaceful era when territorial expansion done through war in the medieval era is replaced with economic trading and commerce as the alternate economic-politics (Goldstein and Pevehouse, 2012).

JPMorgan Chase Research Paper Example | Topics and Well Written Essays - 750 words

JPMorgan Chase - Research Paper Example 1. Discussion on How Administrative Agencies Like The Securities And Exchange Commission (SEC) Or The Commodities Futures Trading Commission (CFTC) Take Action In Order To Be effective in preventing high-risk gambles in securities / banking, a foundation of the economy In the modern day context, financial sector forms a major part in the economic system of any country, irrespective of its global positioning. The fact can also be observed evidently even in the case of the US, which faced massive turmoil due to the downfall of JPMorgan Chase, a large financial services firm supposedly considered to a pillar of the US economy. In order to maintain legitimacy in these firms, the US government has been making attempts to regulate the financial dealings and the transparency of these organizations through the imposition of various policy measures. Correspondingly, many governmental bodies have been set-up, which are solely responsible to monitor the activities of the US financial system. For instance, the administrate agency, Commodities Futures Trading Commission (CFTC) helps in regulating the trading of options and futures as well as the banking sector. The CFTC, in order to prevent the high risks in securities or banking sectors, has been involved in implementing effective programs to trace and take actions against unethical behavior in the business process. Therefore, it protects the economy from many types of frauds related to commodity market, foreign currency trading, commodity pool participants and brokers activities (U.S. Commodity Futures Trading Commission, n.d). The important elements, which are required to form a valid contract, usually involve an offer with a legal purpose by the offeror, free consent of the offeree, acceptance, consideration, competent parties, mutuality of obligation (Texas.gov, n.d.). Today, in the US, the customers are considered as a valuable asset for the banks

Effects of gadgets addiction among teenagers Essay Example for Free

Effects of gadgets addiction among teenagers Essay Hotels and resorts are places for relaxation or recreation; thus they attract visitors for holidays or vacations. Resorts are places, towns or sometimes commercial establishments operated by a single company. It is an establishment that provides paid lodging on a short term basis. If before, hotels and resorts only provide basic accommodation— consists only of cottages or a room with a bed— nowadays, it has largely been replaced by rooms with modern facilities, including en-suite bathrooms and air conditioning or climate control, function hall for events, spa and an in house restaurant. The cost and quality of hotel and resort are usually indicative of the range and types of services available. Due to the enormous increase in tourism worldwide during the last decades of the 20th century, standards especially those of smaller establishments have improve considerably. Today, many systems have used an automation process like using online computer system, due to its efficiency and accuracy. Champ Aqua Farm and Resort is located at 168 Dulong Barrio, Matungao, Bulakan, Bulacan and it offers a resort and reservation of facilities and amenities for the customers. The resort uses manual business transactions with its customers. They are using a manual process in booking, reservations and logging names of customers. The resort has two swimming pools, two function halls, three houses for accommodation (Farm House, Brick House and Summer House), twelve cottages, three floating cottages, one playground, a half-basketball court, one restaurant and two fish ponds. The resort also offers activities such as Fishing, Canoeing, Basketball, and Retreat. They also sell fish like Tilapia, Hito, and Japanese Koi. The purpose of this study is to develop an Online Inquiry and Reservation System for Champ Aqua Farm and Resort. It substitutes the manual system with  computerized system. Project Objectives General Objectives The researchers aim to develop an Online Inquiry and Resort Reservation System for Champ Aqua Farm and Resort. Specific Objectives 1. To be able to design a homepage for Champ Aqua Farm and Resort. 2. To be able to design a log in form and registration form for the guests. 3. To be able to design a reservation form for guests. 4. To be able to design gallery for details about the resort or the property. 5. To determine the design FAQ’s and About Us section for questions, suggestions and other inquiry.

How are tension and suspense created in The Signalman and The Red Essay

How are tension and suspense created in The Signalman and The Red Room? My aim is to analyse the way which tension suspense is built up in two Victorian stories – ‘The Red Room’ (by H.G Wells) and ‘The Signalman’ (by Charles Dickens). These two successful authors were both well known for using suspense and tension in their stories. Wells has written many classical books, which include â€Å"The Time Machine† and â€Å"War of the Worlds†. Dickens has written other illustrious books, such as â€Å"Christmas Carol†, â€Å"Great Expectations†, and â€Å"Oliver Twist†. Also in my analysis I will be briefly mentioning â€Å"The Clubfooted Grocer† (by Sir Arthur Conan Doyle), â€Å"The Monkey’s Paw† (by W. Jacobs) and â€Å"The Tell Tale Heart† by (Edgar Allan Poe). All of these celebrated stories, like most Victorian stories, are short and their genre is gothic horror. Short gothic horror stories were the main form of entertainment in this time period, as there was a lack of electricity then. These stories are strongly related to Victorian beliefs, which were mainly superstition. The reason for this is that the Victorians were slightly uneducated, and didn’t know better. Ghosts, witches, supernaturalism and black magic were the main focus of these short stories. ‘The Signalman’ provides a fine example into how Victorian railways differ from those ones today. Victorian railways were extremely dangerous, and a signalman’s job was exceptionally strenuous and demanding. The story is basically about a hard-working signalman, who claims to have seen a spectre, warning him about future events. ‘The Red Room’ is more directly related to superstition. It is about a relatively young and fearless man entering a ‘haunted’ room, which apparently contains... ...the ending of ‘The Signalman’ is too abrupt, although tension was still created by the tragedy of the signalman. However, the main difference is that in ‘The Red Room’, the reader can actually decide what happens, but in ‘The Signalman’ he cannot. However despite all this, I still believe that these short stories still provide the reader with a thrilling encounter of suspense and tension. I believe that to make a story mysterious and full of suspense you need to create mystery because mystery in the present creates suspense in the future. You must not reveal everything to the reader and leave them to figure it out for themselves. It should keep the reader guessing right till the end of the story. Again, I believe that both these stories achieve this remarkably well and cover all of these points to make the stories full of mystery, suspense and tension.

College Graduation Essay

I had been waiting for this morning to come for four years. In a few hours it came and went, but it was an important time in my life. Graduation day was the end of one life and the beginning of a new life with different problems, worries and joys. While walking in the theater, I had seen hundreds of parents, grandparents, children, and even alumni students’. My family was there, excited and cheering for me because I had finally made it. I was backstage getting ready for the walk on stage and thinking that I had finally reached the one day that would end college life and start a new life in the workplace. The time came for all the graduates to line up and start heading on stage to begin the ceremony. The walk to the podium seemed to take forever, as if we were waiting in line at Cedar Point. I just wanted to get my college degree, and get the day over with, but we had to wait for the band to start playing as well as the Valedictorians and Salutatorians to begin. I was excited and scared at the same time because I knew that once I walked across that stage everything would be different. The sound of the cheering, the stately music, the solemn atmosphere, and the joy of the students all play a part in creating this spectacle. It had represented the culmination of years of our hard work, careful planning, and studiousness. We must say goodbye to the fun and excitement of college days and enter the real world. As graduates, we’re reminded of duty to uphold and the finest traditions of the university and act in a spirit of honesty and integrity. During the graduation exercise I became bored. Crazy thoughts started roaming through my head while sitting there. Such as; â€Å"oh my god† I hope I don’t trip and fall in these six inch black heels, I’m nervous; hundredths of people will be staring as I walk across that stage. Just before I knew it; â€Å"Good morning staff, parents, and fellow graduates. This year, you seniors have come a long way,† Ms. Pierce, our vice president at the university, droned into the microphone. Ms. Pierce is a tall, thick, brown-skinned woman, who I’ve always known throughout my four years there at the university. As she went on babbling about how proud she was, and how hard we’d worked, all I could think about was how I had longed for this moment to finally come, I was still somewhat startled and amazed by this brilliant event. This eventually brought small joyful tears to my eyes. Just a few days earlier, I had been counting down the days to graduation. â€Å"Only two days left before graduation, and four weeks and four days left until summer! † I shouted out as I began marking off the May days in my calendar. Waiting to be called up then all of a sudden I heard: Tamar Perryman, with a loud applause and smiling faces of excitement. Walking up to get my degree as well as shaking the vice presidents hand with a firm grip. Finally I had overcome my fear and accepted my bachelor’s degree! About an hour later, our graduating class threw our caps up. As a sign of excitement, It was now time to party afterwards; I and some of my other classmates went from one friend party to the next following the commencement. When walking towards the backyard I had smelled barbeque from the grill, and boy did it smelled delicious. My stomach started to growl and I knew that was a sign to hurry and smash. I also noticed the beautiful dandelions off by the side of the garage. Picnics tables were set with decorated signs that read â€Å"Congrats you’ve made it† balloons were pinned up, soft music was playing from the garage Adults were gathered around taking pictures with friends and family. Several parents’ and grandparents’ attend to share their excitement as well, gifts were brought from office supplies to home house ware appliances. By midnight I was extremely tired from what a long day, I knew today would be a memory that I would never forget about while lying in my queen size sleigh bed. Before dozing off to sleep, I started thinking about what hospitals, clinics, and long-term care facilities I was going to apply to first thing in the morning.

The Importance Of A Credit Risk Management - 973 Words

These are general factors which are important in process of controlling credit risk management by the banking industries from all over the world. Proper consideration of these factors in for the proper credit risk management process is very essential. Thus the study of these factors is always helpful for the banks. 2.2.1.1 Importance of proper policy for risk management in banks While looking at the events of financial crisis of the various countries it can be said that misunderstanding of the development of the risk factors from their roots and failure to formulate appropriate policies to tackle those risk may lead to the rise of highly unfavourable consequences (Hilbers, Otker-Robe, Pazarbasioglu, Johnsen, 2005). McNaughton and Barltrop (1992) states that well formulated credit policies of the banks will provide the base to act according to the certain standards and parameters to avoid unnecessary risks during business expansion. These policies plays prominent role in all stages of credit from proper appraisal of credit facilities by the credit officers to evaluation of those facilities by board, management and risk auditors. 2.2.1.2. Various factors for safe lending process needed to be applied by banks The business of any bank is providing loans. Thus there are various factors which are extremely necessary to be taken into deep consideration before providing credit facilities to the client. These factors are more important while providing realShow MoreRelatedRole of Financial Statements in Decision Making1634 Words   |  7 PagesTOPIC: ASESSMENT OF CREDIT RISK IN FINANCIAL MANAGEMENT THE ABSTRACT This proposal study explores financial credit risk assessment. This is an important issue because there is currently no standardized method used by financial institutions for the assessment of credit risk. 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