The Ethics Of The Finance Industry - 1376 Words

In one’s professional career one might be put in a situation where one has to consider not only the ramifications of one’s ethics, but also how ethical one’s decision is as a whole. In my career, I have never been put in an ethical dilemma, but at some juncture in my career in the finance industry, it is very possible I will. This paper will discuss; certain situations one might encounter in the business financial industry, what options one has in this dilemma, how certain ethical approaches would guide one’s decision, and my personal opinion on which approach I would utilize. In the industry of finance, one could be put in a position that enables them to embezzle, whether this in an accounting position, a financial advisor, or even a bank teller. In each of these positions, one could be put in the dilemma of considering embezzling, otherwise known as stealing. To most people stealing is a clear unethical thing to do, but it could depend upon which ethical approach one subscribes. For instance, if one takes the approach of egoism, one would consider whatever was best for oneself, whatever benefited them. Taking that approach one would, in all likelihood, embezzle. Perhaps one was angry at the corporation they worked for and felt owed in some way; in that instance, one also would embezzle. This poses the question of, would the outcome be different if one subscribed to a different approach? The approach of common good and utilitarianism are similar in various ways; bothShow MoreRelatedSocial Implications Of Business Ethics1601 Words   |  7 PagesAkram Hussain Unit 37 – Assignment 3 Social implications of business ethics Introduction In this assignment I have been asked to describe the social implications of business ethics facing a selected business in its different areas of activity. I have then been asked to assess these social implications of business ethics. The business organisation I have chosen for this assignment is ‘Boots’. 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Like fluctuation in the revenue and over operating results; change in competitors and the industry in general. Despite the completion of the market, Facebook predicted to keep raising its stock price. Due to some strong earnings in FY14, FY15 and FY16 the stock has improved. As of the end of FY16, there were 538 million of class A and B common stock and 2,354 million shares outstanding and issued (Yahoo Finance, 2017). In FY16, the report shows thatRead MoreEthical Implications Of The Finance Industry1433 Words   |  6 Pagessituation to consider not only the ramifications of one’s ethical choice, but also how ethical one’s decision is as a whole. In my career, I have never been put in an ethical dilemma, but at a juncture in my career in the finance industry, it is possible I will. In the industry of finance, one could be in a position that enables them to embezzle, whether this is in an accounting position, a financial advisor, or even a bank teller. 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