Question

what are the advantages and disadvantages of a utilitarian approach, moral-rights approach and practical approach ?

ical Decision-making Approal ent, 8e, 2013-18. Richard L. Daft/Dorothy Marcic, p139 e the individual versus the form surveillance on ETHICS CASE #1 Cn.q a result, he is afraid that upper-level management might recommend cost reductions by laying accounting staff. Gamble knows that amortization is a major expense for Shields. The com c n iv u s the double-declining balance method, and he is thinking of changing to the straight-line that net income may be lower this year. As off pany Caps However, this change would be highlighted in the statement of retained earnings adjustment and management must prove that the new principle will give a reliable and more as a cumulative effect financial presentation in the statements. relevant he is contemplating increasing estimated useful lives and residual values. That zation expense (and ncreasc rncome Best of all, this change in estimate will be handled ly and not be highlighted in the current or future years' financial statements. Oscan thinks this approach could save his job and those of his staff. Instructions: 1. Identify and describe more than one ethical perspective in resolving the identified dilemma. 3. 2. Clarify the advantages and disadvantages of implementing each ethical perspective. Determine and support a proposed solution. What would you recommend to Oscar gamble? On the one hand, it would seem that opting for changes is residual values and useful lives could result in investors and creditors getting less useful information about Shield's income. On the other hand, gamble may feel he has an obligation to protect his staff.

Answer 1

A. Utilitraian Approach

The Utilitarian Approach assesses an action in terms of its consequences or outcomes; i.e., the net benefits and costs to all stakeholders on an individual level

Advantages

1.It presents a strong sense of purpose.

2.It promotes a world with more happiness.

3.It articulates the basic human nature of feelings.

4.It helps with making tough decisions.

Disadvantages

1.It is disputable on whether who can decide good or bad.

2.It prevents us to make speculations about the future.

3.It promotes favoritism.

4. It can lead to missed opportunities.

B.Moral rights Approach
The moral rights approach asserts that human beings have fundamental rights and liberties that cannot be taken away by an individual’s decision.

Advantages

1.The right of free consent.

2.The right to privacy.

3.The right of freedom of conscience.

4.The right of free speech.

C.Practical Approach

PracticalApproach is something other people had made a theory about in past that was applied it and was worked. The people simply copy them as they know that the practical approach is verified. But in the process of doing so, the people end up doing something they don't like or enjoy doing

Advantages

1.Greater impression:

2.Non-reliance on rote work

3.Real-life experience

4.Higher engagement makes for easier learning

Disadvantages

1.For a students life ,first come theoretical than practical approach

2.For any working person practical approach is more important, but for some theoretical approach is also necessray

3.If you are any type of philosopher then therotical approach is preferred

Answer 2

To moral rights Provides specific criteria for judging the ethics of a decision.