Ethical Theories, Principles, and Concepts Assignment

Ethical Theories, Principles, and Concepts - Assignment Example Medical staff may desist from helping patients in the event of occurrence of a disaster for fear of prosecution (Fremgen, 2009). The law provides a standard measure for an individual’s action and punishes lawbreakers. Whatever is punishable by law is immoral and unethical. However, the law permits actions such as manipulation and lying, which is morally offensive. The law set to regulate medical care aims at maintaining high standards of morality, which may not consider the anticipated good. Medical law and regulations allow for autonomy, which at times may make one make uninformed decision on a particular treatment procedure that could in turn affect the life of the patient and at times leading to loss of life. Some medical practices are justified in medical procedure  but are unethical and unethical. Therefore, the laws and regulations are a challenge other than a solution to the problem (Garrett, Baillie, & Garrett, 2010). The practice of medicine requires a proper understanding of the ethical philosophies and principles. The principals that safeguard it include among others the respect for autonomy. Autonomy provides the patient with the right to take well-informed independent choice without influence, and medical practitioners should obey the patient’s decisions. The principle provides for non-maleficence where the Hippocratic Oath applies (Fremgen, 2009). The doctor can only treat the patient according to what he or she knows best and avoid injuring the patient. The principle advocates for doing good to the patient. In this principle, the doctor must administer treatment to the patient without causing pain to the patient. Finally, the rule of justice must prevail. The medical care should be fair, reasonable, equitable and without preference (Fremgen, 2009). Utilitarianism is a philosophical theory that explains ethical practice to be for the good of the many.

Capacity Strategy Game Exercise Outline Example | Topics and Well Written Essays - 250 words

Capacity Strategy Game Exercise - Outline Example Building too much capacity and selling my product at a very low price would mean being in the red and paying out interest on accumulated debts during every period (Henderson 2008, p.16). I think that the capacity cost (at GBP 10 per period) is relatively low, and therefore once I have put up entry costs I will stick around for a long time. In this scenario, even if you end up with profits that are relatively low (on top of your starting cash) you will probably earn more than most of your competitors (An & Fromm 2005, p.11). After taking into consideration all the factors mentioned above, I think that a capacity of 200 units would be the best option for me; let me explain why. First of all, minimum demand was 140 BTS while maximum demand was 260 BTS; this gives us a mean of 200. Apart from this, most of the time demand fluctuated between 160 and 240 BTS; this also gives us a mean of 200. In light of the fact that the two most important factors here (the average demand and the average fluctuating figure) both equal 200, it would only be wise to hold 200 units because it appears like that is what the market dictates (Klammer 2006,