Analysis of the Differences Between Laws and Ethics

Analysis of the Differences Between Laws and Ethics Ethics refers to a set of rules or guiding principles that inform and govern people’s conduct in various situations and circumstances. For example, different professions have different codes of ethics that determine how they behave and act. Ethics influence behavior and decisions in various ways. In addition, it can be classified into different groups including personal ethics, professional ethics, and universal ethics that govern society.Advertising We will write a custom essay sample on Analysis of the Differences Between Laws and Ethics specifically for you for only $16.05 $11/page Learn More On the other hand, law refers to rules or codes of practice that are created and reinforced by an authority such as a government in order to bring order and cohesion. Law is compelling because failure to adhere to its precepts leads to punishment. Moreover, law is diverse because its implementation includes various forms including constitutions, policies, term s of service, and other forms of legal provisions. Law and ethics have several similarities. First, they influence human conduct and decisions in order to benefit individuals and society. People follow ethics because it represents principles and values that direct society. On the other hand, people follow law because it creates a common ground to unify people and create order among individuals in society. Second, they serve the main aim in society. They improve the moral status of individuals in society. Law enforces certain rules with a punishment threat if broken. Ethics relies on people’s rationality and sensibilities in order to influence people’s behaviors. They are both responsible for maintenance of order and social cohesion. Law and ethics have several differences. Law is compelling while ethics is not. Breaking law results in punishment while acting without regard to ethics does not have punishment. Acting ethically is a personal responsibility while obeying l aw is mandatory for everyone. Again, they influence people’s conduct in different ways. Ethics usually affects people’s behavior with regard to how they treat those who are close to them or those whom they interact with regularly. In contrast, law affects people’s behavior with regard to people whom they rarely interact with. Ethics is defined by the values, customs, or beliefs of a community or society. In contrast, law is defined by universally accepted standards and behaviors. Ethics is immune to societal or communal change while law is not immune to change. Ethics changes only when the morals, perceptions, and values of society change. On the contrary, law can be changed by an act of a governing body or a decision by lawmakers.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Ethics tells people what they ought to do and in what ways. For example, business peop le are expected to serve their customers with honesty and fairness. This concept does not apply to law because it tells people what they are not supposed to do and what they must do. It has prohibitions and mandates. Unlike ethics, it does not tell people what they should do and in what ways. Finally, ethics influences individuals internally while law influences people externally. While law is enforced, ethics is not. In conclusion, law and ethics are similar because they aim to promote order and cohesion in society. In addition, they influence behavior in ways that benefit individuals and society. On the other hand, they are different in several ways. Law is enforced while ethics is not. Law is easily changed while ethics is immune to changes. Changes depend on shifts in people’s moral values and cultures. Finally, law is binding because it tells people what they cannot do and what they must do. Ethics tells people what they ought to do. People are free to either adhere to e thics or not. On the contrary, it is mandatory to follow law.

Nomenclature for hazard and risk assessment in the process industries essay

Nomenclature for hazard and risk assessment in the process industries essay Nomenclature for hazard and risk assessment in the process industries essay Nomenclature for hazard and risk assessment in the process industries essayThe choice of the bank is very important for me because it determines the safety of my funds. This is why reliability of the bank and its stability are the major factors that determine my choice of the bank. At the same time, the choice of the bank also depends on other factors that may be revealed through the analysis of the bank’s performance and its history, both long-run and short-run. At this point, I would consider carefully whether to support or not the decision to remove some of the over-burdening regulations since the performance and history of the bank can help to determine, whether the bank can afford such changes without any considerable threats and risks to its clients or not.The reasons I chose this bank are diverse but the major reason or the choice of the bank was its reliability since the bank has managed to stumble through the last economic recession and mortgage crisis successfully. M oreover, as I studied the history of the bank, which dates back to the middle of the 20th century, the bank has managed to overcome other economic crises successfully too. This is why the bank has proved to be reliable and stable. Therefore, I decided that the bank is unlikely to face a steep decline in the nearest future and I can deposit my free funds into this bank,The special features this bank offers that attracted me the most is the relatively high benefits which I could obtain for my deposits that make it more profitable than the average bank in the industry can offer to me at the moment. At least, I am taking into consideration only those banks, which have proved to be reliable and stable and which have been operating over two decades at the least (Finley, 2007). The analysis of the history of the bank is very important because it does not only shows that the bank has managed to overcome serious financial crises but also the bank’s history reveals how the bank deals w ith difficult, challenging situations, which may emerge unexpectedly. My bank has proved to be able to deal with those challenges successfully. At the same time, the ‘special feature’ of the bank is the current focus on the increasing deposit of customers of the bank. The bank has declared the increase of customers’ deposits as one of its major priorities at the moment. This is why the bank offers attractive interest rates for consumers, who want to deposit their money into the bank. The relatively high or above the average interest rate makes the bank attractive for customers, at any rate in terms of short-run investment of free funds.The regulations this bank faces concern the shift toward the effective management of customers’ deposits and increase of deposits made by consumers with regard to the level of capitalization of the bank (Seitanidi, 2008). At the moment, the bank insists on the liberalization of its policies concerning the attraction of new c ustomers and their deposits, on the one hand, and the level of capitalization of the bank on the other. The bank stands on the ground that it has sufficient capital and can raise more funds, if necessary, to cover unexpected risks and threats since the bank has extensive experience of risk management in the time of economic crises and financial difficulties, which accompanied those crises.In this regard, it is necessary to take into consideration recent changes this bank has gone through. To put it more precisely, the bank has undergone a considerable change in the course of its business development recently. The bank used to focus on both investment projects and deposits of customers. However, after the economic recession of 2008, the bank had to refuse from its investment banking operations and focused on deposits entirely. At first, the shift seemed to be painful for the bank, which was quite successful in both deposit and investment management. However, the bank preferred to foc us on more reliable branch, which was vulnerable to fewer risks compared to investment banking branch, which has started to bring the bank considerable financial losses, especially in 2007-2008 (Jones, 2012). As a result, the bank had to obey to new regulations and focused on deposits entirely. However, the bank decided to boost its deposit branch which required more liberal policies and decreasing of regulations in this field.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   As for the manager’s request, I would rather support it than decline it because I believe the bank is at the strong position to keep growing and enhancing its performance, while the decrease of the overregulation will stimulate the further growth of the bank and its business development. In fact, the bank should get a chance and boost its business development after the completion of the shift toward a deposit banking business only.  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Thus, I believe that the request o f the manager should receive my support to help the bank to enhance its business development and bring me profits in the future.

Motivation and motvited Essay Example | Topics and Well Written Essays - 500 words

Motivation and motvited - Essay Example In addition, most of the behaviors that we possess like sleeping and eating are possessed by biology. This is because of the biological need of eating and sleeping that human beings possess. Motivation requires an activity that has to be mental which include actions like planning, organizing, and physical activity that involves persistence and effort. When mentoring other people, I believe it is important for mentors to motivate and encourage individuals (Arrington, 23). For example, I ask individuals to have mini goals within their goals. In addition, short-term goals help people achieve what they want at a short time and may require minimum resources while long-term goals are achievable over a longer period. This helps individuals develop and succeed. In my opinion, as much as people are motivated to do something, there are certain blocks that make people not achieve what they want in life. There is the feeling of fear that people have, for example the fear to fail or fear of success. Fear prevents people from achieving or expressing their full potential. Most successful people take risks and do not fear to start up their goals. They get out of their comfort zones and go for what they want. I normally ask individuals to get out of their comfort zones by trying something new and not fearing that it will fail or succeed. It is vi tal for people to get encouragement and support as they advance to a higher level. Additionally, learned pessimism is another block to expressing motivation. These are habits of thought acquired by people in their childhood. If an individual believes that something bad will happen or something good will happens then it solemnly happens. Individuals should learn to have positive thoughts, to keep on encouraging themselves, and to avoid people who discourage them. I also believe that it is important to accept both positive and negative feedback from people. Positive criticism is also good since people learn from their