Ethical Principles Research Human Subjects †Myassignmenthelp.Com

Question: Disucss About The Ethical Principles Research Human Subjects? Answer: Introducation The first fact of the case is that the tender shall be given to the most capable company so that maximum profits can be riped out. The second important key fact in this scenario is the manager. The management is the CEO of the construction company and hence has a say in the recommendations. The ethical issues in the above case are: (Chron 2013): Decision-Making Issues: The manager could be biased in selecting his company for the tender by taking an advantage of his post as a CEO of the company. Side Deals: The manager could offer tender to some other company in return of the commission from that company. The three ethical principles that are at risk in this situation are as follow: Fairness: In this situation fairness of the manager towards other tendering companies are at risk as he has his own partner company on the tendering list. Truthfulness: The truthfulness of the manager is also at risk. He may make recommendations in favor of the company in which he has a significant share of profits. Justice: The ethical principle of justice is also at risk here in this case. As the manager if recommends his own company then it would be injustice for the other capable companies that might have done better work in low cost. So another ethical principle is compromised here(Childress 2005). Stepping out of decision making would make the manager coward hence the manager shall not take this decision. Declaring interest and taking decision would be good for manager as well as company Not declaring the interest would not be good as recommendations would not be proper in that case. In this case manager shall declare the interest and make recommendations for proper decision making. A small business owner is planning to go global for which he is expecting the help of a government official of that country in which he is intended to set up his further business unit for business purpose. The government official is a key person that can help the business owner in making his plan successful. The government official is expecting a monetary payment in the exchange of his help. This payment is not clear that if he is asking for a bribe or for official payment. The one ethical issue in this case is the decision of whether to give the monetary payment to the government official or not. As he is asking for bribe, which is not a right thing to do. The two ethical principles in this case are as follows(Severson 2016): Respect for the person: In this case the government official is not respecting what the businessman is intended to do, he is only lending his helping hand in exchange of monetary payment from the businessman which is wrong. Beneficence: Here in this scenario the government official rather than expecting money should help the businessman in setting up the business and helps him in protecting his rights but he is only helping him in expectations of getting a monetary compensation in return. Two Courses of Action are: Make the payment: Making the payment would further increase his demand in future but on the other hand the monetary payment would be beneficial for me. Dont make the payment: If the payment is not done he wont help me. So, after going through both the consequences I would want to make him small monetary payment in return of his favor of helping me. APES 110 code of ethics for professional accounting(Zsolnai. 2017): Objectivity: The fundamental code of ethics has been breached in this situation, as the BABA ltd is gifting the auditor a set of golf economics, thinking that it might affects the auditors report. Professional Behavior: In this situation the fundamental code of ethic of professional behavior has been breached, as I helped my friend in getting the loan pass by unfair means. Integrity: Integrity means honesty and truthfulness, the fundamental principle of ethics as per APES 110 has been breached. As working on local council committee, I am being dishonest and untruthful as I am favoring my friends proposal and ignoring the others. References Childress, J 2005, Belmont Revisited: Ethical Principles for Research with Human Subjects, Springer, Accounting. Chron 2013, viewed 17 Feburary 2011, https://smallbusiness.chron.com/major-ethical-issues-business-people-face-20900.html. Severson, R 2016, Ethical Principles for the Information Age, Springer, London, viewed 10 june 2016, https://www.southuniversity.edu/whoweare/newsroom/blog/ethical-principles-for-business-38725. Zsolnai. 2017, Ethical Principles and Economic Transformation - A Buddhist Approach, Cengage, London, viewed 15 july 2017, https://www.cpaaustralia.com.au/professional-resources/accounting-professional-and-ethical-standards/apes-110-code-of-ethics-for-professional-accountants.