Accounting
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