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Essay On Ethical Decision Making

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According to John Maynard Keynes (1883-1946) capitalism is the astounding belief that the most wickedest of things for the greatest good of everyone.
We can turn to Mahatma Gandhi (1869-1948), the Indian political spiritual leader, for insight into what capitalism really stands for. Gandhi said, “Capitalism as such is not evil; it is wrong use that is evil. Capitalism in some form or other will always be needed” in short, the way in which capitalism plays out in the real world of business largely depends on motivation of individual decision makers. So, we are back to the foundation issue of ethical behavior.”The Accountant and Ethical Decision making”
This paper work tends to discuss some moral theories and how it aids the Accountant ethical decision making in business, it also covers some ethical issues faced by Accountants in business as identified by Ferrel, fraedrich, and Ferrell. Ethical issue in business is considered as problem, situation, or opportunity that requires an individual decision maker, group of people, or organization to choose among alternative actions which must be evaluated as right or wrong, to do this, the use of ethical reasoning method used as a primary tool for evaluation Key words: Ethical Behavior, Decision Maker, …show more content…

It is the perception that a person may be influenced matters or relationship not relevant to a decision that creates many of the conflicts of interest problems in business. For example, assume that a purchasing manager for a manufacturing company has to decide which of two suppliers should be given a contract to provide millions of dollars of raw materials to the company. The purchasing manager’s brother–in-law is the sales manager of one of the two companies. If the purchasing manager selects that company for the contracts, the perception may be that his decision was tainted by the existence of a family relationship in awarding the

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