Results for: Ethicality

961 Contributions

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What do ethics and ethical behavior have to do with finance?

Answer Would you entrust your money to someone you thought was unethical? Would you risk heavy fines and possible jail time for skimming funds from a client? Peopl…e who work in finance are placed in a fiduciary position of trust; first, by their employers, if they're not self-employed, but more importantly, by members of the general public, over whose assets they are given control. Their daily business is directly working with other people's money, or doing other things that affect the public's investment decisions, and if they are unethical people, their clients, and the public, are at high risk for being cheated. Finance workers are entitled to reasonable fees for their services, but they are not entitled to engage in investment activity solely to generate more commissions for themselves, or engage in any other self-dealing while they are doing their jobs on behalf of their clients. And they have to exercise reasonable care when doing their jobs. Given the many scandals of recent years, many companies have done their best to publicize their codes of ethics, and to acknowledge their responsibility to the public. These firms know that public confidence in their finance people matters a great deal, and unethical behavior (or even the perception of such behavior)on the part of a firm means that people will stay away from that firm, and they may stay away from all the others as well. Here is an example of a firm's publication of its code of ethics: http://www.altruistfa.com/codeofethics.htm If your work in finance requires a license, such as a Series 7 or CPA license, you will find that you will be tested on professional ethics. Once you're licensed, you will be expected to abide by those rules. And God help you if, once you get your license, you are caught violating the rules (people get caught because smart customers complain). You could lose your license. Ethical lapses took down a major public accounting firm (Arthur Andersen). If those lapses are even perceived as widespread, that perception can potentially destroy an entire industry. That is why ethics are not merely relevant. On the contrary, they're vital to the existence of the industry. They're not optional. (MORE)

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In Literary Devices and Figures of Speech

What is ethical?

ethical: right and wrong; having to do with morals, values, and requiring a prescription for purchase. sentence: new developments in medicine often lead to discussi… (MORE)

Likaito

125 Contributions

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In Ethics and Morality

What are ethics?

Ethics is abranch of philosophy which seeks to address questions aboutmorality; that is, about concepts such as good and bad, right andwrong, justice, and virtue. They are… (MORE)

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In Job Interviews

What it ethics?

Ethics is the study of humans meaning the right thing t do to the people around you.

Archieljude

19 Contributions

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In Business Ethics

Example of ethics in business ethics?

There are a lot of ethical principles that applies to business. A few of them includes honesty, integrity, loyalty, fairness, respect for others, law abiding, commitment t… (MORE)

Neilmac

21 Contributions

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In Philosophy and Philosophers

What is the difference between ethic and ethics?

An ethic means a principle (e.g. "Protestant work ethic") while Ethics is the study of moral philosophy. QED.

Ironox

26 Contributions

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In History, Politics & Society

What is will in ethics?

The word "will" in ethics refers to human free will, which is simply our ability to make decisions. It's important to praise or blame someone only when that person has an alt… (MORE)

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In Euthanasia

How is euthanasia ethical or non-ethical?

Most people agree that patients suffering from fatal or incurable diseases have the right to apply euthinasia! It's called "The Right to Die"... Huge numbers of cases has unde…rgone euthanasia which has only increased the volumes of graveyards, and decreased the hope for people to enjoy being alive. Laws in most countries forbid this kind of immediate suicide, but people with no experience are still trying to fight these laws until now! Euthinasia is a very hard decision that families take to end the suffering of their beloved patient. This is an advantage of euthanasia that people consider very precious, but, in fact, euthinasia appears to be a dangerous monster facing families every day and driving them to take illogical decisions for their related patients who are unable to defend themselves… Is euthinasia essential? Is it ethical? Well people say that this is kind of rest for the suffering hopeless patients. Although many theories say that this kind of suicide is essential, a big part of logic states that this is considered steeling the chance of recovery and coming back to normal life from patients! As a matter of fact, it's completely non-ethical and should always be forbidden and illegal! Checking statistics, we find that huge number of people in comas have surprised their relatives by sudden recovery! Many others have died at the end, but at least it was their definite destiny to die and not a selfish decision that someone made for them without their permission. People may always be asked if they support mercy killing, but has a patient ever been asked this question after experiencing partial death and coming back to life again? In fact, miracles happen! As long as there is a 0.000000…1 % of recovery for a human being, euthinasia should never be allowed as time goes by. One of the most important problems facing the law of forbidding euthinasia is that governments don't completely support their peoples but leave them facing the facts they hate alone. Subsidy should be offered to every person unable to afford the medical costs which will make it easier for people to face the facts and be more patient. Religion here should take place since it also forbids mercy killing. Many religions now consider euthinasia an exact suicide, not more not less. Forbidding this kind of indirect murder will allow millions of people in the world to use their chance to be alife, even if forced to do so. Life changes the way we change it, and it's our decision to keep it normal or consider it miserable after a lucky recovery from a coma, etc… Wise people understand the benefits of a wise advice! The world doesn't exist because of a coincidence, and so are our lives. Ending them is very wrong, struggling till the end and enjoying them is the best we can do. Losing hope so easily is a phenomenon we should get rid of, otherwise no success in everybody's life may occur. Forbidding euthinasia is so beneficial, and surrendering for lame death isn't a smart thing to do. (MORE)

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In Uncategorized

What is Ethicalism?

When the society is based on Ethics its called ethicalism. It has best of Capitalism and Socialism.

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In Religion & Spirituality

What is ethical and what is not ethical?

The difference between right and wrong. Doing what is true, good, and caring is ethical; Doing things that are harmful, or intentionally mean is unethical.