Elaine Hunt, as the senior financial manager for the United Bank Corporation, finds herself in multiple major decisions and a potential dilemma related to her job. These decisions involve rejecting loan requests due to moral principles. Although each case is unique, Hunt's choice to reject these loans based on her moral stance can have both positives and negatives for both her and the company.
Hunt's adherence to her moral principles can positively impact both her personal reputation and the overall public perception of the company. In the business world, maintaining a respectable company image is crucial for its continued success. However, Hunt's decisions could also potentially harm UBC's revenue and profit goals. This is especially true if the company denies Electrode International's loan request, as they had promised to pay back the loan at a significantly higher interest rate. In bu
...siness, generating sufficient revenue is essential for the company's sustainability.
Elaine and her husband Dennis are confronted with a moral quandary centered on the case of ABCO, a company seeking a $30 million loan for investing in a Chinese partner engaged in fetal tissue harvesting. This particular factor adds complexity to their decision-making process. They feel an ethical duty to decline the loan but must also take into account their own well-being and that of the company. The financial challenges they face further complicate matters as losing their jobs could lead to homelessness and disrupt their child's education. Additionally, Elaine must contemplate potential legal repercussions for rejecting an investment opportunity that could yield a $10 billion return in the next ten years. All these elements contribute to a complex ethical dilemma faced by Elaine and Dennis. Furthermore
two ethical philosophies offer perspectives on this situation.
The first ethical stance is Deontology, which highly values adherence to moral laws regardless of the circumstances. Elaine unknowingly follows this principle by faithfully following moral stipulations even if it leads to potential company losses. On the other hand, the second principle is Utilitarianism, which bases moral judgment on beneficial outcomes. In other words, an act is deemed moral under this philosophy if it benefits a larger number of stakeholders.
This is what Elaine's senior manager wants her to consider. Despite Elaine's hesitations, approving a hefty investment will ultimately benefit all UBC employees. Whether Elaine approves or disapproves ABCO's $30 million loan, the implications of her decision are clear. If she denies the loan request, she will be successful in maintaining her moral integrity, regardless of the consequences. However, she must also be prepared for the legal consequences and potential termination.
If she decides to fulfill ABCO's request, she risks being labeled as having double-standards, both by herself and by the public. However, she may earn praise from her superiors for successfully completing the task. Additionally, helping ABCO could potentially resolve her family's financial crisis.
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