accounting homework

UD SBA / Walk The Talk

Suggestions To Assist In Considering A Case Or Ethical Situation

• Review the details & background of the case

• Identify the Ethical problem, issue or conflict case presents

• Generate possible Solutions

• State probable Outcomes of each main solution

• Describe Likely impact of each solution on people’s lives

• Explain Values upheld & violated by each main solution

• Evaluate the values, outcomes, likely impact of solutions

• Decide which solution is best & justify your decision

• Defend the decision against any weaknesses

Rules:

• Do not deceive

• Do not harm others

• Keep promises and act faithfully

• Permit and encourage others to act rationally and freely

• Keep confidential information in proper circles

• Do not violate the law

Respect Rights to:

• Knowledge. Hidden defects in product I am considering purchasing

• Privacy / Due Process / Safety

• Free Expression of Opinions / Complaints

Consider Types of Justice / Fairness:

• Procedural: insure a fair chance at due process

• Compensatory: fair compensation for harm done

• Retributive: punishment received as deserved

• Distributive: fair distribution of benefits & burdens in society

Four Basic Elements of a Capitalist System:

• Profit: right to earn & keep earnings from business dealings over & beyond the cost of doing business

• Private Property: right to own property & dispose of it as the owner sees fit

• Competition: striving after the same goal, profit, or market by more than one individual or business

• Fairness or Justice: the principle that keeps the competition legal, ethical, open , fair & honest.

Religious & / or Humanitarian Ideals:

• The Golden Rule

• Beneficence – desire / commitment to make the world better