Business ethics and deontology Research Paper Example | Topics and Well Written Essays - 1250 words

Business ethics and deontology - Research Paper Example It is a case of â€Å"fraudulent financial reporting†. Adelphia is a publicly traded corporation based in the United States. In 2002, Adelphia was ranked sixth among the largest cable service providers in the country. In the same year, the company was publicly accused of discrepancies in the financial reports prepared and produced by the company. It was found that the company did not represent the real economic condition and Adelphia was charged of a major accounting disgrace. Investigations proved that the managers modified financial statements of the company by excluding many billion dollars that it held as debt, from the company’s balance sheets. Hence, auditors could not discover the presence of fraudulent activities that the company indulged in. This is a major example of infringement of deontological issues. It was revealed through investigation that some of the most influential and important rank holding members of the organization lacked ethical behavioral trait s and they were the major participants in this scandal. Key ethical problems The Adelphia scandal is a case of financial fraud that broke the trust of the shareholders and lowered level of faith of the public on the company. It is the most far-reaching financial fraud that has occurred in the country in the past few decades (Markon & Frank, 2002). The company filed for bankruptcy in June 2002 and was finally purchased in July 2006 by Comcast Corp. and Time Warner Inc. Two ethical problems were distinctly identified in this fraudulent case; financial statement modification and superficial statement about stock earnings. The first ethical issue is concerning the fact that the officials in the company had strategically and systematically excluded several billion dollars that the company held as liabilities over the period of four years between 1998 and 2002. The liabilities were hidden fraudulently from the books of off-balance sheet affiliates (Barlaup, Dronen & Stuart, 2009). Additio nally, the company also inflated its earnings in order to meet the expectations of shareholders in the Wall Street. Various operations statistics were falsified and concealed (The SEC, 2002). These activities raised questions about ethical duties of the employees working in different private as well as public corporations. Deontological ethics The term ‘ethics’ is generally understood as â€Å"systematic attempt to understand moral concepts and to propose and defend principles and theories regarding right and wrong behavior† (Barlaup, Dronen & Stuart, 2009, p. 186). Normative ethics is found to be highly relevant to the issues faced business firms and the problems faced by auditors. Under the framework of normative ethics, three principal theories of ethics can be identified. These are egoism, utilitarianism and deontology. In this section, the focus would be on the deontological theory of ethics. General theory Deontological ethics relate to the â€Å"ethics of duty of principle† (Cooper, 2000, 179). The term ‘deontology’ was coined by Bentham (1748-1832) and by this term he emphasized on the following meaning. It is the act of motivating people in such as way that it would maximize overall community happiness. This would be done by mobilizing the causes that inspire specific private

Today and the Futures Telecommunications Business Trends Research Paper

Today and the Futures Telecommunications Business Trends - Research Paper Example The expansion of wireless internet in the form of WiMax and WiFi with high speed data access has opened booming business trends in telecommunication industry. According to the Office of the Federal Register (27), Telecommunication offers its incredible service in the areas of forecasting, disaster recovery management etc through the introduction of a variety of new devices. The innovative device technology of mobile phones has brought revolutionary changes in the telecommunication business trends. For instance, the low cost availability of mobile phones with prominent features such as dual sim is widely appreciated and accepted. To be more specific, the internet and its applications would bring vital modifications to the telecommunication sector and would drive innovative business trends with its flexibility and cost-effectiveness (Telecom Futures). With regard to future trends, in addition to the present multimedia 2G and 3G systems, 4G and 5G systems would enhance the internet faci lities and improve the access to global markets in near future. The satellites with its extreme applications offer wide access to a number of services in developing telecommunication field.

Response Article Example | Topics and Well Written Essays - 750 words

Response - Article Example There are quite a number of benefits that can be derived from online dating sites such as aspects related to privacy and security. Geographically dispersed people can date each other and the choice of the desired match is wide. There are likely chances that if you search patiently, you will get your match. More interestingly, online dating removes unfavorable elements such as fear and confidentiality is guaranteed. However, there are also certain disadvantages of online dating. It exposes other people to cyber bullies and the victims may live under constant fear which can eventually lead to psychological distress. Online dating can also promote multiple sexual activities which in turn exposes the people involved to health risks. In my own opinion, I think community dating sites are essential during the contemporary period. They help people to get perfect matches and the other benefit is that these sites are easy to use and maintain. During the contemporary period, it can be seen that organizations are operating in environments that are characterised by stiff competition. Likewise, advertising is also gaining prominence since it can be observed that companies use this communication strategy to attract customers to buy their products. However, some companies are manipulating advertising through creation of weasel images that are far from the truth. As such, I concur with Lutz who suggests that some advertising messages are manipulative and they are meant to deceive the customers into buying the products offered. For instance, the sincerity of advertisements used in marketing alcoholic beverages in particular is questionable. From my own perspective, alcohol is not good to our health. No matter how much effort is put to portray alcohol consumption in a positive light, I think this beverage remains detrimental to our health. It is just a marketing gimmick by marketers of brands like Heineken and Tusker to present their brands

Impact of oil exploration, extraction and transport 2 Essay

Impact of oil exploration, extraction and transport 2 - Essay Example Because of these, several legislations were enacted and promulgated, with worthwhile efforts being put up to control pollution and its related consequences. The responsibility of ensuring that these legislations and other recommendations were followed to the later became the mandate of the municipalities and oil exploration companies. After implementation of these structures, a remarkable reduction in the environmental problems that had earlier been common was experienced. The process of making decisions over perceived impacts of risks in the environmental situation involves coming up with various management decisions that rely on the proper assessment of probable risks that would arise from various environmental practices (Trefry 2003 150). In the U.S, the government has established a general structure to be used in making such decisions basing on the considerations for human health. These guidelines are useful in the process of determining the health and environmental impacts that certain economic activities can have on the people and the environmental in general. These guidelines have been used in various places with much success in the exploration industry for oil, gas and other petroleum products. Constant power supply is essential in the process of power generation; this is because, constant power supply facilitates the process of exploration. It facilitates the machines involved in the process thereby enhancing a smooth exploration and success in the process. The idea of installing a generator in the exploration site was informed by the need for having persistence in the exploration process and enhancing the safety of the people in the exercise. The chief engineer at the plant, John Akosa, ought to have established clear steps in the process of installing the generator so that there would not have been any loss of resource

We Should Pull Our Troops from Afghanistan Research Paper

We Should Pull Our Troops from Afghanistan - Research Paper Example Taliban continue its encouragement to Afghanistan for preventing Western invasion. Many ethnic groups and political pressure groups strengthen their independence struggle against Western invasion. It is relevant to connect the issue of Afghanistan to Vietnam. David Halberstam and Daniel Joseph Singal obsesrve similar cases in Vietnam. As they comment; â€Å"Bright, sophisticated people traditional warriors they have never accepted the rule of the outsiders† (Halberstam & Singal 8). Even though U.S. troops continue their operations in Afghan regions, various terrorist groups and extremists including Al-Qaeda keep control in majority of the Afghan region. U.S administers are not react seriously towards the crisis which happened in Afghanistan. Similar attitude they had followed in Vietnam War. â€Å"In those days, American were not unaware of the difficulties ahead† (Halberstam & Singal 12) Therefore, U.S. Troops face severe problems in handling conflicts that emerged fro m the urban areas. Here one can feel withdrawal of U.S. troops is an essential one. Examining the existing social, religious and political scenario that laid in Afghanistan, one can see that the country has been rapidly destabilizing.

World Trade Organization Essay Example | Topics and Well Written Essays - 1750 words

World Trade Organization - Essay Example It is a paradigm shift or a movement as we might call it, one that brings more stability within the ranks (where it is applied) and unison in the efforts and activities of all concerned. More often than not, we have seen improvements within the present day systems owing to globalization and it is because of this very perspective of change that we see world bodies doing their utmost to reach out to far flung areas and explore hidden markets for the betterment of one and all. (Berberoglu, 2005) In an economic zone, globalization plays a significant role at increasing trade on an international front which as compared to the global economy, is much faster and ahead of its time. Furthermore, we can predict an increase in the flow of capital that has been coming from the global regimes which might include for the foreign direct investment as being one part of it. (Aase, 2004) Then there are the agreements which are signed on a global scale that eventually lead to world bodies like the World Trade Organization (WTO) and others. Global financial systems also come to light as their developmental work gets thumbs up. International transactions speed up as the world bodies like WTO, WIPO, IMF and the like play their role in a more coherent and active manner. Economic practices like global sourcing or outsourcing as we know of it, off-shoring and others increase courtesy the multinational concerns. Within globalization, the legal stance is one that focuses more on the increase in th e number of different standards worldwide, which in all essence must be made use of. These include copyright laws, privacy obligations, patenting and others which somehow or the other mesh along well with the legal framework of different multinationals and institutions as a result of the same. Globalization helps improve cultural exchange across a wide cross section of regions scattered all over the world. It helps in playing

Stare Decisis and the Principle of Precedent Coursework

Stare Decisis and the Principle of Precedent - Coursework Example Gur-Arie highlights that though judicial independence was originally intended in order to have courts and judges who settle disputes impartially regardless of potential, proffers, and real favors. In addition, the judges are expected to uphold democratic accountability. However, the United States provisions promote the judiciary’s democratic control on one hand while promoting judicial independence on the other. This is evident in the present procedures for judicial budgeting that leaves the courts and judges under the oversight and slight control from the executive and the legislature. One best instance is that of executive branch influencing judicial funding levels through its propositions to Congress on fiscal policy. Furthermore, the Congress determines the extent of funding for the judicial branch. Conversely, the Legislators utilize their power on funding to reveal the approval or disapproval of how the judges manage the courts, and though rare, the legislators use their positions to reveal their approval or disapproval of decisions by the judiciary. In addition, Congress utilizes other control means to regulate the effects of judicial decision making and the threats of other decisions in the future. In this case, the fact that it is the president who appoints federal judges with the consent and advice of the Senate leaves the judiciary under the influence of political forces as the legislature and the executive seek to achieve their ambitions.