Watch movie . Identify and explain one ethically ambiguous activity Essay

Watch movie . Identify and explain one ethically ambiguous activity - Essay Example ate inside rented offices, apartments and con people off, their hard-earned money, including retired folks who are depending on their savings, to survive. The purpose is obtaining all the money through persuasion by sale on none existing stocks (Berardinelli and James, 23). The movie focuses on how con artists persuaded selling fiction stocks. The movie looks to provide viewers with an in-depth portray of stock selling making it end up like a lousy business. Seth one of the actors, who is a former casino operator in his own apartment at the basement, tries to amend the relationship with his father. His dad was disconcerted with the life that his son led. Seth lied to his family that he was attending college, yet he had been running an illegal casino (Ebert, par 3). He catches J.T Marlin who promises to make him a billionaire as long as he had the drive to work. Seth sees this as a good opportunity to please his dad that he never seems to please. J.T. Marlin has a brokerage shop, recruits other employees and assures them that he will make them rich (Berardinelli and James, 27). Seth is intrigued by the firm prospect of becoming rich and thus, gets to the extent of becoming a full-fledged professional stockbroker. He becomes so good that he does not need help from his resentful boss Greg. After the success and wealth in the business, things start to get bad. Seth realizes that he is involved in a fake firm of brokerage chop shop that sells stock options on nonexistent companies. He is worried of what his dad will think about him if he realizes the truth. Utilitarian approach has been used in the movie. This approach is objective, efficient and suited for business decision. However, it tries to ignore rights, justice and negative consequences and impacts the results. This approach of ethical decision-making suggests that ethical actions are those that provide the best balance of evil and good. This is evidenced from the conversation like ‘Greed is good’ ‘Lunch

Economics for Business Essay Example | Topics and Well Written Essays - 1500 words

Economics for Business - Essay Example Since China was the biggest importer of the Australian rock lobsters, this industry would lose a significant amount of its revenues in the face of such a prohibition. The Australian Fishing Authorities had also requested the National Government to negotiate these trade restrictions with the Chinese Government. This would save their business from being affected (The Telegraph, 2010). 2. The Chinese economy was the largest buyer of the rock lobster exports of Australia. When the Chinese Government prohibited the Australian lobsters from being imported into the country in November 2010, this came as shocking news to the Australian fishing community. With the exclusion of its biggest export destination, the rock lobster industry in Australia was sure to suffer huge financial losses. The fishing communities in the Victorian province, Western and Southern Australia specialized in the trading of rock lobsters and were expected to be significantly affected as a result of the Chinese ban. The Australian fishing authorities feared that the country’s fishing community would be compelled to sell their catch at very low prices in the market. This in turn would result in lower revenues for these indigenous people. Thus, Australia’s fishing industry was set to be badly hit by China’s import restrictions. ... This ban was expected to generate a host of impacts on the Australian economy, the Chinese markets as well as the international trading community. First of all, the Australian fishing communities were expected to be adversely affected by the Chinese prohibition. The fishing communities hailing from the Victorian province, the eastern and southern Australia specialize in the trading and exporting of rock lobsters. They would witness a sharp decline in the revenues earned from the lobster export. The price of lobsters in Australia’s domestic market was expected to fall, as the demand for lobsters to be exported would reduce. This again would affect the profits of the Australian fishing communities, who would have to sell their lobster hauls at much lower prices to the local citizens. While China had implemented a ban on the import of the Australian rock lobsters, the nation continued to import lobsters from New Zealand and South Africa. If this resulted in a decline in the total quantity of lobsters imported in the Chinese economy, this would lead to a rise in lobster prices in the Chinese markets. However, if the country kept its import quantity the same as before by importing more lobsters from New Zealand and South Africa, then the internal lobster prices would not rise. Finally, there was an opportunity for New Zealand and South Africa to gain from the Chinese ban. Even after it had stopped importing Australian rock lobsters, China continued to import is seafood from New Zealand and South Africa. Both these countries could witness an increase in their lobster exports if China decided to import extra lobsters to replenish the missing imports from Australia. This would result in increased export revenues for both these nations (Herald Sun, 2010). The