Moral Hazard And Ethical Hazard

between two sets of human values, both of which are judged to be “good” but neither of

Ethical dilemmas occur when there is a disagreement about a situation and all parties involved question how they should behave based on their individual ethical morals. (Newman & Pollnitz, 2005). The dilemma that I will be addressing in this essay involves Michael, recently employed male educator working in the nursery, and parents of a baby enrolled at the centre. The parents have raised concerns about male educators changing their child’s nappy as they have cultural practices that do not allow this practice to take place. This situation is classed as an ethical dilemma as there is a dispute between cultural beliefs and legal requirements within the workplace. There are four parties involved (parents, child, educator and director), all

“Whenever one party (the principal) hires someone else (the agent) to work for him or her, their interaction is called an agency relationship. The agent is always supposed to act in the principal’s best interests.” (Cornett, Adair, & Nofsinger, 2016, p. 15).

In this essay I have chosen to compare two opposing theories, Immanuel Kant 's absolutist deontological ethics and Joseph Fletchers relativist situation ethics. The deontological ethics focuses on actions made according to duty and the categorical imperative - which shows how acts are intrinsically good or bad. The situation ethics state that no act is intrinsically good or bad, and that actions should b made according to love. From this perspective it looks as thought Kant 's views were less personal than Fletcher 's, although in actuality both focus on the best outcome for humans.

The Lemon Law Statute entitles a problem car's owner to a comparable replacement car or a refund of the purchase price (which is prorated according to miles driven).

Agents normally work with a team of people and normally have back up. Other

The third parties dealing with the employees of the agent, on behalf of the agent. The Acting law to common law, most have been replaced by employment legislation that applies only to the relationship between employers and employees.

The employer 's agent under the JCT 2011 Design and Build is used to describe someone acting on behalf of the client as the contract administrator. This can be closely likened to the Project Manager under the NEC3 Engineering and Construction Contract. However there are subtle differences in the way that they construe and operate their responsibilities.

British Petroleum has a large operation in the United States and it has made investments to ensure that it develops these operations to maximize its production and increase profits. One such investment was the acquisition of the vast oil field at Prudhoe Bay, Alaska. This acquisition represented a good increase in the percentage of oil production in the United States and ensured that the company could increase its production and further its goals and objectives for the United States market. As early as 2001 there were incidents at the facility that the company internally accounted for and management was made aware of the safety concerns that existed.

You can expect to have some mechanical problems when you purchase a car, but you shouldn’t have them shortly after purchasing your car. A lemon is a car that has problems immediately after purchase; it also has problems frequently. If you buy a lemon, then you are stuck making the payments and repairs, which can get expensive. Fortunately, you can decrease your chances of purchasing a car that’s prone to repairs by using these tips and tricks.

In examining the standards of ethics, or lack thereof, in cases of corporate fraud there are key questions to consider. These questions relate to ethics, the fraud triangle, and the legal ramifications incurred. It is important to examine the elements related to these key questions, in order to gain an understanding of the impacts fraud has upon all parties involved. This handbook provides information to gain an understanding of what ethical violations are at play and the impacts upon all involved parties resulting from those violations. Further provided is information regarding ethical issues when an awareness of the fraud is known, and what the reactions should be by the

Concerns have arisen of a possible lawsuit involving an area of law known as negligence and liability. This memo outlines the principles of this area of law in order to be properly prepared should the firm face any legal consequences. It aims to illustrate under what circumstances can the firm be affected with potential legal action in this area.

Purchase a used car and you hope that it is everything you want it to be. But hope is not a strategy and unless you thoroughly check the condition of the car, there is a good chance that a hidden problem may escape you.

“Brad is a production engineer at a bicycle company and part of his job includes inspecting broken bikes and drafting the design repairs for their repair” (Bartlett). Brad is considering replacing a broken brake cable with a more durable material, even though the customer did not request it in their order and specifically requested that “No aesthetic changes be made to the bike” (Bartlett). Brad’s manager suggests that his considered actions would go against the company’s policy of “The customer is always right.” Should Brad disobey the manager and the customer to possibly lose his job or go along with

Advertising: Paid non-personal communication from an identified sponsor using mass media to persuade or influence an audience (Wells, Burnett, & Moriarty, 2006).