Ethical Theories Assignment Example | Topics and Well Written Essays - 750 words

Ethical Theories - Assignment Example However, most of the time a decision taken for the interest of an individual usually affects the interests of others. In such a case, other people may regard such actions as unethical. A critical evaluation of such a situation is likely to lead to a conclusion that every person is an egoist because an offence usually occurs when their interests are not achieved. According to Cecily and Payne (1990), â€Å"the free market economy operates under such philosophies†. This kind of market devoid of government influence through regulations generates a society in which each individual seeks to satisfy personal interests, and if everybody is successful, then the society will benefit as a whole. So long as each individual in business will be capable of making profits legitimately, then he/she will have fulfilled the moral obligation of the business. However, it is important for people to distinguish between egoism and selfish interests. It is most likely that selfish interests will cause an imbalanced society whereby some individuals will be deprived. Export of capital is significant in fulfilling economic goals. It facilitates growth of foreign direct investments and businesses in foreign countries grow. This helps in increasing the profitability of capitalists who would otherwise suffer a reduction in profits due to lack of opportunities for investment despite the surplus capital. In the less developed countries, there is scarcity of capital while the market remains unexploited, and there is availability of cheap land. On the other hand, there are cheap labour as well as cheap raw materials. Export of capital is also significant in the maintenance of a balance of trade (Tone 1991). This is because if a country liberalizes its market for foreign investors, which is the case in the United States, it also needs to find market for its domestic products, which helps in increasing exports so that the imports do not exceed the

Family and Medical Leave Act 1993 vs sit A Essay

Family and Medical Leave Act 1993 vs sit A - Essay Example However, eligible employee excludes employees or federal officers covered under United States Code in chapter 63 title 5, subchapter v. It does not include a worker of an employer hiring less than fifty workers. This is in case the employer, within 75 miles of the worksite, has less than 50 employees. Section 102 of the Act focuses on leave requirement. According to this section, an eligible employee qualifies for a twelve-week leave in any twelve-month period because of the following reasons: Birth of a child of an employee to allow taking care of the child; When the employee adopts a daughter or a son; To take care of a son, daughter or spouse in case the son, daughter or spouse has the health; condition, which is serious,; and In cases of serious health conditions rendering the employee incapable of performing his or her duties Subsection two of section 102 stipulates that the leave period expire at the end of the twelve-month period. This is so in case an employee takes a leave d ue to placement or birth of a son or daughter. Section 104, subsection (a) and paragraph (1) stipulates that when an employee returns from the leave he or she should assume the previous position. The employee should also receive the same remuneration as that before he or she went for the leave (U.S. Department of Labour, 2008). ... Age Discrimination in Employment Act (ADEA) of 1967 versus situation B This Act prohibits any discrimination according to age in employment. This Act aims to protect employees who are forty years and above from discrimination according to age in employment. It applies to both job applicants and employees. According to ADEA, it is not lawful to discriminate an individual on the basis of age with regard to condition, term, employment privilege, including firing, hiring, promotion, compensation, lay off, job assignments, benefits and training (U.S. Equal Employment Opportunity Commission, 2008). Section 623 0f the Act deals with this topic where subsection (a) considers practices by the employer. The section considers unlawful, the following practices: 1. Failing or refusing to discharge or hire an individual or discriminating against him or her to his terms, compensation, privileges or situations of employment on the basis of his or her age; 2. Classifying, limiting or segregating empl oyees in any way that deprives an individual of opportunities in employment or causing adverse effect to the employee status of on the basis of age; and 3. Reduction of wages to the employees based on age of the individuals This Act considers an agency to have violated the law if it refuses or fails to refer for employment any individual due to his age. However, this Act in subsection (f) gives lawful practices on laws of foreign workplace, age and occupational qualification, other reasonable factors, employee benefit plans, seniority system and discharge or discipline for providential cause. Here, the law does not prohibit actions by employers on employees in cases where age is a necessary, reasonable qualification for the normal functioning of a given business (U.S. Equal