1)- to solve a ethical dilemma we should consider 3 steps for this ethical dilemma which are first we need to analyse the situation, analyse the act
1)- to solve a ethical dilemma we should consider 3 steps for this ethical dilemma which are first we need to analyse the situation, analyse the action which are taken and make a decision according to it.
For this case the ethical decision-making model is appropriate for the all levels which can be use for a variety of situations which are- evaluate the dilemma, think ahead, help, information, calculate risk, select the option for good first decision making Longstaff suggest board firstly need to clarify identify the purpose, values, and principles by which ethical decisions are going to be made. Secondly, they need to make sure decisions making processes they use are distributed through Management and organization. Thirdly they may request that board papers not only take account of financial and strategic consideration but also explicitly address the ethical dimension of the choice the board is being asked to make. For this case first to clarify integrated learning of this purpose, financial trainee for this financial firm. Financial planning is the main step for this process so just to identify and after all this process take decisions.
Hartman etal 2020 have retained the focus on decision making as well as the emphasis on both Personal and policies level perspectives on ethics. This edition continues to provide pedagogical support throughout the next. The most changes involve a through updating of distinct items such as reality checks, decision points, and reflect new cases. In this case there are important components of decision making are.1. Individual factors 2. Organizational relationship 3. Opportunity
we choose good decision model for this case ie Longstaff et al 2020.
2) why have I choose this model? According to me I have choose this model because single factor exercise strategies applied in multifactor world only give rise to economically insignificant losses. I find the conditional model risk for this case, Furthermore they argue that the present value cost conditional on making the wrong exercise decision is substantially and constitutes a new dimension to the potential effects of model risk . These conclusions are based on an extensive simulation experiment.
Li completed his pending investigations and always focussed on financial planning which is suitable to this good Decision-making process.
3) to reach a certain level of judgment all decisions must satisfy the each of the principles