Chapter # 7 Assignment
1. What factors do you feel define the moral values you have today?
The factors that define my moral values I have today are mostly based on my religion and Upbringing. My religion says that never hurt other person by taking away their rights or stealing from them. What I have not earned is not mine and I have no right to keep that monetary item for my own selfish reasons. My religion always teaches about spreading your wealth to the people in need, we are not here in this world for our selfish desire we are here to help others and make this place a better place. Secondly, my parents always taught me to be honest and fair in life, and never hurt another person feeling. My parents have taught me to always put myself in other people shoes and see how it will feel if we make certain decision and how those decisions will affect them.
2. Have you ever experienced a time when your ethical framework changed? What was the situation? How did you feel about the issue before? How do you feel now? Why?
Yes, I have experienced a time when my …show more content…
Have you ever been the victim of a consumer fraud? If so, which fraud? Where you able to recover your losses? Were you the only person affected? If you have never been a victim, were you ever presented with a potential consumer fraud? Which one? How did you avoid becoming a victim?
Yes, I have been the victim of consumer fraud (Credit Card fraud). Yes, I was able to recover my losses and was the only person that I know of was affected by it. My credit card was used for a big amount on an online business. For future, I will stop making online purchases as I usually do shopping online which give rise to the leak of my financial information. In addition, I will make sure to shred all my financial related documents. I will also stop using debit card at a gas station.
5. Do some research on Bernie Madoff. What was his punishment for the Ponzi scheme? How much money did investors lose? How was Madoff’s family
1. What factors do you feel define the moral values you have today?
The factors that define my moral values I have today are mostly based on my religion and Upbringing. My religion says that never hurt other person by taking away their rights or stealing from them. What I have not earned is not mine and I have no right to keep that monetary item for my own selfish reasons. My religion always teaches about spreading your wealth to the people in need, we are not here in this world for our selfish desire we are here to help others and make this place a better place. Secondly, my parents always taught me to be honest and fair in life, and never hurt another person feeling. My parents have taught me to always put myself in other people shoes and see how it will feel if we make certain decision and how those decisions will affect them.
2. Have you ever experienced a time when your ethical framework changed? What was the situation? How did you feel about the issue before? How do you feel now? Why?
Yes, I have experienced a time when my …show more content…
Have you ever been the victim of a consumer fraud? If so, which fraud? Where you able to recover your losses? Were you the only person affected? If you have never been a victim, were you ever presented with a potential consumer fraud? Which one? How did you avoid becoming a victim?
Yes, I have been the victim of consumer fraud (Credit Card fraud). Yes, I was able to recover my losses and was the only person that I know of was affected by it. My credit card was used for a big amount on an online business. For future, I will stop making online purchases as I usually do shopping online which give rise to the leak of my financial information. In addition, I will make sure to shred all my financial related documents. I will also stop using debit card at a gas station.
5. Do some research on Bernie Madoff. What was his punishment for the Ponzi scheme? How much money did investors lose? How was Madoff’s family