Shareholder Wealth Maximization And Stakeholder Capitalism Model Economics Essay

Shareholder Wealth Maximization And Stakeholder Capitalism Model Economics Essay The Anglo-American markets are described by a philosophy that a firms objective should follow the shareholder wealth maximization (SWM) model. Anglo-American is defined to mean the United States, United Kingdom, Canada, Australia, and New Zealand. This theory presumed that the firm should try to maximize the return to shareholders, as measured by the total of capital gains and dividends, for a certain level of risk. On the other hand, the firm should minimize the risk to shareholders for a given rate of return. The SWM model assumes as a universal truth that the stock market is efficient. The share price is always correct because it reflects the expectations of return and risk as perceived by investors. It quickly incorporates new information into the share price. Share prices, in turn, are considered as the best allocators of capital in the macro economy. The SWM model also treats its definition of risk as a universal truth. Risk is defined as the added risk that the firms shares br ing to a diversified portfolio. The total operational risk of the firm can be eliminated through portfolio diversification by the investors. Therefore, this unsystematic risk, as known as diversifiable risk, the risk of the individual security, should not be a prime concern for management unless it increases the prospect of bankruptcy. Systematic risk, as known as non-diversifiable risk, the risk of the market in general, cannot be eliminated. This reflects risk that the share price will be a function of the stock market. Corporate wealth maximization model In contrast to the SWM model, Continental European and Japanese markets are characterized by a philosophy that a corporations objective should be to maximize corporate wealth. Thus, a firm should consider shareholders on a par with other corporate interest groups, such as management, labor, the local community, suppliers, creditors, and even the government. The goal is to earn as much as possible in the long run, but to maintain enough to increase the corporate wealth for the benefit of all interest groups. This model is also called the stakeholder capitalism model. The definition of corporate wealth is much broader than just financial wealth, such as cash marketable securities, and unused credit lines. It includes the firms technical, market, and human resources. as a result, it goes beyond the wealth measured by normal financial reports to take in account the firms market position as well as the knowledge and skill of its employees in technology, manufacturing processes, marketing and administration of the enterprise. The corporate wealth maximization (CWM) model does not assume that equity markets are either efficient or inefficient. It does not really matter, as the firms financial goals are not fully shareholder-oriented. In any case, the model assumes that long-term loyal shareholders should influence corporate strategy, not the transient portfolio investor. The CWM model assumes that total risk, that is, operating and financial risk, does count. It is a specific corporate objective to generate growing earnings and dividends over the long run with as much certainty as possible, given the firms mission statement and goals. Risk is measured more by product market variability than by short term variation in earnings and share price. Comparison of Shareholder Wealth Maximization and Stakeholder Capitalism Models Shareholder Wealth Maximization Model Stakeholder Capitalism Model Based on the assumption of share price efficiency i.e. the share price in the market reflects intrinsic value and shareholders wealth No assumption on share price efficiency Firms objective is to maximize shareholders wealth by achieving the highest possible total return to equity (including both capital appreciation and dividend distribution) Firms objective is to maximize corporate wealth but return to equity is constrained by the interest of other stakeholders such as creditors, employees, governments, etc. Only systematic risk is a prime concern for management as unsystematic risk is supposed to be diversified Total risk (operating and financial risk) is considered by management Corporate strategies are directed by the board on behalf of shareholders Corporate strategies are influenced by long-term stakeholders rather than mobile portfolio investors Journal 2: Shareholder Wealth Maximization According to the maximization model, there are three types of maximization in a company, which are shareholder maximization, stakeholder-owner maximization and total stakeholder maximization. Shareholder maximization is a particular case of stakeholder-owner maximization, where only the pure owner interest as supplier of risk-capital is considered in the maximization. The stakeholder-owner has particular resources and interests which are important for the commitment of other stakeholders and thus for the economic performance of the venture as a whole and for the distribution of stakeholder benefits. Examples of such stakeholder-owners would include managers within the company who were also shareholders or suppliers who had an interest in the ownership of the company. Total stakeholder maximization includes the advantages for all groups, such as employees, local communities, shareholders, suppliers, customers, investors and partners. Among the three maximization of a company, shareholder wealth maximization plays a significant role and indeed more important than the other two, which are stakeholder-owner maximization and total stakeholder maximization. Many assume that total stakeholder maximization is the most important maximization for a company, yet in reality, such maximization is not easy to achieve. Under the new field of corporate social responsibility, many company are encourage to take the interests of all stakeholder (not only shareholder) into consideration during their decision making process. This is a process where the conflict of interest between shareholder and stakeholder eventually happen. For example, if the general public is part of the stakeholder considered under corporate social responsibility (CSR) governance, a conflict might occur when the company decide to carry out operation that would increase the profit of the company, specifically shareholder but at the mean time the operation may c ause more pollution to the environment, which is at the disadvantage of the public (the stakeholder). In short, total stakeholder maximization can be hard to achieve as a profit and earning for a group of the stakeholder (shareholder) can sometime be the disadvantage and loss of another group of stakeholder (group other than shareholder) or vice-versa. The general type of maximization that companies pursue is stakeholder-owner maximization. Maximization of shareholder value is actually a special case of stakeholder-owner maximization. Under restrictive assumptions, the shareholder maximization is larger or equal to stakeholder-owner maximization. Generally, the main objective of most companies is to maximize its value to its shareholders.   Value is represented by the market price of the companys common stocks, which is a reflection of the firms investment, financing, and dividend decisions. Otherwise, the companies should minimize the risk to shareholders for a given rate of return. In reality, companies are more concern about shareholder wealth maximization as this is what the company is portraying to the public. Take an example, if a company focus more on its stakeholder-owner maximization rather than the shareholder wealth maximization, the shareholder (including general public who own an amount of the stock of the company) m ay gain less or no profit and in some cases even suffer a loss. In this situation, it can bring a negative influence to the perspective of others towards the company which will then lower the value of the company and in the long run, curbs the development of the company. In conclusion, shareholder maximization is more important than the others. This is because shareholders are solely the holder that finance a company or provide finance for a company development. However, stakeholder-owner maximization too must be taken into consideration as they may be the human resources or the resources that mainly contribute to the performance of a company. Journal 3: Is Shareholder Wealth Maximization immoral? Shareholder Wealth Maximization A company that implements shareholder wealth maximization indicates that its goal of management is strive to maximize the return in term of capital gain and dividend paid to its shareholders. The ultimate objective of all activity within the firm is the maximization of shareholder wealth. However, financial economists should be increasingly aware of growing dissent from, or at least equivocation on, that standard finance definition of corporate objectives. The idea in shareholder wealth maximization model is that shareholders are the group that take the greatest risks and thus deserves special treatment is a fiction. In shareholder wealth maximization model, managers make decision on the basis of stock price maximization. The first myth is that making decisions on the basis of stock price maximization is amoral, that is morally value neutral. The second myth is one commonly held by business ethicists, namely, that decisions premised on shareholder wealth maximization are strictly immoral. The myth that making decision on the basis of stock price maximization is morally value neutral held by financial economists because belief in it can exempt them from any moral self-examination. Shareholder wealth maximization serves as a conduit of ethics rather than a net determinant of ethical behaviour. Besides, every firm strive to pursue shareholder wealth maximization leads to maximum aggregate economic benefit, they think that its not just benefit to the shareholder but also the society. This will come about as scarce resources are directed to their most productive use by businesses competing to create wealth. The implication of such a defense is that shareholder wealth maximization is morally neutral. In addition, a manager acting in accordance with shareholder wealth maximization is not exercising any particular moral judgment. For example, the manager makes decision that act in the interests of whoever has the greatest economic influence on the companys stock price. On the other hand, the business ethics literature clearly rejects shareholder wealth maximization as an ultimate justification for decisions in business, and they apparently proffer some more ethereal, less material ultimate justification as an alternative. Besides, as a justification for behavior, shareholder wealth maximization is rarely sanctioned by business ethicists because this model just emphasis on the interests of shareholders. This model focuses on the equity market value which is revealed in the companys stock price. A manager pursuing shareholder wealth maximization is concerned with anything that affects the company value. In fact, stock price is increasingly being determined by a series of intangible factors such as employee relations, credit quality, environment sensitivity, product reliability, cultural sensitivity and whatever society values. A management group that is insensitive to the needs and concerns of stakeholders will not flourish financially and, of course, a company that does not flourish financially will not be able to help stakeholders. So, shareholder wealth maximization is not morally neutral and not simply immoral. It neither favors strictly material objectives, nor does it unfairly favour stockholder over other stakeholders. In accepting shareholder wealth maximization as the objectives, business professional should not abrogate all moral common sense when making any decisions. Only through sound moral judgment on the part of individual managers can the organizational premise of shareholder wealth maximization be morally justified. Journal 4: Globalizing Asia: Towards a New Development Paradigm Journal 5: The U.S. Capitalism Model Has Failed Stakeholder Capitalism Model Stakeholder capitalism model says that company should make decisions by taking into account the interests of all the stakeholders in the firm. Stakeholders include all individuals or groups who can significantly affect the welfare of the firm in the aspects of not only the financial claimants, but also employees, management, customers, local community, supply chain members, local or national government and creditors. One of the important variables in this model is considering all stakeholders interest as they are people who support and sustain the company. In the stakeholder capitalism model, it is argued that firms should pay attention to all their supporters that can affect the firm. Managers and boards of directors of company have vital roles on making decisions that suit multiple competing and inconsistent constituent interests. However, there are different demands and interests from stakeholders. Customers want low prices, high quality, expensive service and so on. Employees want high wages, high quality working conditions, and fringe benefits including vacations, medical benefits, pensions and the rest. Suppliers of capital or known as shareholders want low risk and high returns. Communities want high charitable contributions, social expenditures by firms to benefit the community at large such as build hospital, donation, stable employment provided, increased investment, and so on. In making these critical decisions, company must specify how to make the tradeoffs between these often conflicting and inconsistent demands from vario us stakeholders. Many managers and directors of organizations still embrace stakeholder capitalism theory even will be failed at last if they are competing with firms that are behaving so as to maximize value. The theory allows managers and directors to manage company resources in the way they like because the management of the resources in stakeholder capitalism model is inexplicable. Therefore, this allows self-interested managers to pursue their own interests at the expense of society and the firms financial claimants. It may permit managers and directors to invest in their favourite projects that diminish firm value. As a result, agency cost increases because management of company does not act in shareholders interest. Management is given free authority to do almost whatever they want to. So, they may not follow or implement what shareholders require them to do. The other variable is free power. Managers are empowered to exercise their own preferences in spending the firms resource. If the manage ment uses the authority given wisely, company will sustain growth and vice versa. I would prefer stakeholder capitalism model because not only owners, investors, and managers able to share profits but also employees, suppliers and other individuals or groups that related to firm. In stakeholder capitalism model, employees are involved in management decisions and profit distribution. The benefit of the stakeholder capitalism model is cooperative relationship between employees and management that allows steady productivity for sustainability of the firms. If there is few goals such as maximize profits, market share, growth in profits, and others, this will make management has no idea what to achieve. The management cannot focus on a single goal thus makes the firm inefficient. As to solve this, firm can specify the tradeoffs among different groups of stakeholders. Effects of the decisions no matter good or bad that are affecting firm are listed out. For example, cash flow, operating and financial risk which are the main concerns of every corporation. Another variable is single goal. Single goal set allows company to concentrate on accomplishing single purpose as to satisfy stakeholders interest and it requires a deep knowledge on choosing the single goal to achieve.

History of Musical Films Essay

By 1928, Hollywood was invaded by sound theater. Silent films made an honorable exit. Vaudeville was also being wiped out. It signaled a phenomenon Tinseltown was not quite prepared for. It was the time of sound facilities and infrastructures. Later on Broadway composers were hired to write screen musicals (â€Å"History of Musical Film†, 2004). The first picture to make a transition from silent film to sound was Warner Bros. ’ 1927 The Jazz Singer starring Al Jolson who mostly did the singing in the movie (â€Å"Musical Film†, 2006). One MGM musical hit opened the doors to the musical film genre. This was the 1929 Broadway Melody with a score by Nacio Herb Brown and Arthur Freed. The story was about two sisters fighting over their love of a song and dance man. It cost $379,000. 00 and grossed for $1. 6 million in its first release. Its title tune is â€Å"You Were Meant for Me. † It was the first sound film to win an Academy Award for Best Picture. MGM’s production chief Irving Thalberg was credited for bringing in a string of musical hits since Broadway Melody. (â€Å"History of Musical Film 1927-1930 Part II†, 2004). Love Parade from Paramount followed on the same year by silent screen director Ernst Lubitch. It is a lighthearted operetta inspired by Broadway to fit the screen starring soprano Jean Macdonald as a young royalty and Maurice Chevalier as the French playboy diplomat. (â€Å"History of Musical Film 1927-1930 Part II†, 2004). The 1930s, 1940s, and 1950s were considered the golden age of musical films. Following are some of the popular musical films: Hollywood Revue of 1929 with Joan Crawford from MGM, Cecil B. Demille’s Madam Satan (1930). 932 mid-Depression saw the making of Love Me Tonight, a collaboration of Richard Rogers, Lorenz Hart, and director Rouben Mamoulian. Rogers and Hart continued with Hallelujah, I’m a Bum (1933) with Al Jolson. (â€Å"History of Musical Film 1930s: Part I†, 2003). Forty Second Street by dance Broadway director Busby Berkeley choreographed the dance sequences while composer Harry Warren and lyricist Al Dublin created the score. It was a million dollar hit for a $400,000 production. It was followed by Footlight Parade (1933), The Gold Diggers (1933) and Hollywood Hotel (1937). â€Å"History of Musical Film 1930s Part II† 2004). Fred Astaire and Ginger Rogers entered the musical scene in 1933 through Flying Down to Rio, The Gay Divorcee (1934), Top Hat (1935) with a score by Irving Berlin. It was also the time of Shirley Temple in movies such as Stand Up and Cheer (1934), The Little Colonel (1935), among others. Disney produced Fantasia (1940). MGM revived its musical genre with the release of The Merry Widow (1934) (â€Å"History of Musical Film 1930s Part IV† 2004). The 1940s saw Warner Brothers’ Yankee Doodle Dandy (1942) with James Cagney in his Oscar-winning performance. Then independent producer Samuel Goldwyn found Danny Kaye and made Up in Arms (1944, Wonder Man (1945), among others. It was also the time of Bing Crosby (Road Series, Going My Way, Holiday Inn) and Bob Hope (â€Å"History of Musical Film Screen 1940s: Part I† 2003). Judy Garland starred in Little Nellie Kelly (1940), Ziegfeld Girl (1941), Meet Me in St. Louis (1944) directed by Vincente Minneli, her future husband. She appeared in sixteen MGM musicals. Gene Kelley also was a big MGM star in musical movies like For Me and My Gal (1942), On the Town (1949), among others (â€Å"History of Musical Film 1940s Part III† 2004). The 1950s was the decline of the musical film genre and the emergence of television. Some of the musicals produced from 20th Century Fox were Richard Rodgers & Oscar Hammerstein II’s. Oklahoma (1955), Carousel (1956), King and I (1956). South Pacific (1958). Warner Brothers released some Doris Day films, Love Me or Leave Me (1955), The Pajama Game (1957). Paramount produced What Christmas (1954) while Walt Disney released musical animations such as Cinderella, Alice in Wonderland, Peter Pan, Sleeping Beauty. MGM released Kiss Me Kate (1953) and High Society (1956) (â€Å"History of Musical Film Screen 1950s†, 2003).

Crimes against information system analysis

Cyber crime or computer crime is a type of crime that occurs through the internet. This type o f crime has become very common in modern times and many people have been conned money and other valuables. This kind of crime has grown to be high profile to the extent that governments around the world are devising and implementing strategies and policies in a move to curb this kind of crime. Some of the most common types of internet crime include financial theft, fraud, intellectual property theft, industrial espionage, spamming, spread of computer virus, software hacking among others (Grabosky, 2006).This paper will review the Nigerian Money Scams also called Advanced Fees Fraud or 419 Scams. The Nigerian scam is one of the most popular types of internet scam around the globe. It has been described as the widest ranging, cleverly planned and bizarre fraud schemes in the world in the recent years. The Federal Bureau of Investigations (FBI), Interpol and Scotland Yard describe it as prepos terous, amateurish and plainly crude (Lohr, 1992). The scam involves the sending of bogus letters with a promise of big pay offs.The target of this fraud usually receives an Email that claims to be from Nigeria or another West African country. Initially its target was businessmen but these days, the target also includes average citizens due to the low cost associated with email communication and transactions. The content of the email includes an illegal proposal, a money laundering proposal or a legitimate and legal business proposal. It includes offers of help whereby the sender wants some assistance in shipping out oil from Nigeria, romance, some supposedly deposited money in your account, a bequest left a will in your name.Others include claims overpayment of a contract by the Nigeria Government and therefore a need of a front man to get the overpayment out of Nigeria or an invite to transfer a huge amount of money, usually in US Dollars to your personal offshore account (Nigeria n scams, 2000). After the recipient of this message responds positively, the sender then proceeds to advice him what else he requires to do. The purpose of the initial letter is to set the stage and is considered the opening ground to test the waters.Goal of the criminal The main intention of the criminal is to confuse you into thinking that whatever you are being drawn into is a lucrative business opportunity and a highway into instant riches. Even though, the arrangement appears questionable but very few people look at it that way. Therefore the first letter makes sure that the recipient is left with no doubts and that he or she is assured, and confident of the fact that the deal will be very success and that he is not in no way risking himself or herself.The allegations presented by these scammers are in such a way that you will be naturally cautious but deep down you, you will be praying softly and wanting hopefully that the deal is genuine. Another element associated with these emails is a sense of urgency (Gill, 2005). Either that the government is closing in or that the job of the sender is at risk. Therefore, his request is that the deal may be closed as son as possible. Their methodology is that they make sure that the recipient of the mail counts him or herself lucky because he has been singled out from billions of people the world over.And so as much as this deal may look suspicious, the receipt is left with the urge of gaining millions of shillings for doing what? Absolutely nothing. Even to the most skeptical people, they take the next step or sending an email, which will not cost you any risk at all and in return, might make you a multi millionaire. The feeling that being a rich man is only an email away is what makes people respond to this mail. After making that call or sending the email, the sender pleads with you to make this as secret as possible because he or she is taking a great risk in communicating with you.He emphasizes on the secrecy in that any disclosure might lead to the transaction of the transfer of funds being incomplete. As the recipient, you don’t see any harm in maintaining secrecy, confidentiality, utmost sense of purpose and maturity as it is what it will be asked of you by the sender (Lohr, 1992). After this communication, documents actually arrive to you. Official documents from the central bank of Nigeria together with documents from the firm of your newly appointed Nigerian lawyers. This is what convinces most people of the authenticity of the proposal as they contain the Nigerian Government Letter head (Gill, 2005).After you are satisfied of the authenticity of the transaction, you are then asked to pay some money to cater for unexpected taxes or contract fees demanded by the central bank of Nigeria, transfer of funds fees or fees to cater for the attorneys acting on your behalf. The sender assures you that those are things that he is not in control of. For example, he may tell you that th e lawyers want 5% of the whole money or $200,000 in advance in order to continue with the transfer. Being a wise person, you smell a rat and say no way.It is then after sometime that the sender contacts you again and tells you that he has been able to negotiate with the lawyers and they have brought down their fees to say $100,000. He convinces you that it is nothing compared to what you two are going to gain. But since you are a wise person, you say no way (Lohr, 1992). It is then that he calls you again and tells that even though he is a poor guy, he is ready to sell his only house to raise $30,000 if you are in a position of raising the rest. He cannot forget to remind you that it is a loan he has advanced to you and that you will refund it to him once you receive the money.Here, you see the commitment and you ultimately send the money and you wait for your cash. You even start planning for holiday. After two days, you are informed that there have been some few problems and that the inside man is asking for a small bribe. After paying the initial amount, you become the ultimate milk cow. More requests start coming your way for you to send in more money. At this juncture, you are faced with two options: either send more money as demanded or risk loosing the promised millions and the money you have already sent.In this way, you are a prey and tens or even hundreds of dollars may be swindled from you (Gill, 2005). Each amount of money that you send is regarded as the last amount but eventually, there rises some ‘temporary difficulties’, ‘errors’ or ‘complications’ that you are prompted to solve. This may go on for months until you run out of money or until you give up. But these scammers will not stop there. If you show signs of giving up, they remind you of the ultimate prize awaiting you. The asking of these â€Å"advance fees† is the ultimate objective of this scam.That’s why it is referred to as the Adva nce Fees Fraud (Gill, 2005). Once a victim has sent in more and more cash, he gets hooked up to the scam and the more he believes that it is not a scam but that it is a real deal. The denial of most victims that they have been conned is what drives them to make just one more payment and their windfall happens (Nigerian Scams, 2000). There are even instances whereby one is invited to Nigeria and you are taken through real or fake government offices. The fake government offices include many government support staff and you are left with no doubt.In some instances, victims have confessed going to the directory, looking up the number of the alleged government officiate and finding it there. On calling, it is received by the very same person who he has been in contact with. There are some victims who have been invited to go to Nigeria. They are told that a Visa is not necessary and in that case, they bribe an airport official for you to enter Nigeria. On entering you are told that it is illegal to be in Nigeria without a passport (which is true) and this is used to coerce more money from you (Lohr, 1992). Mechanism to discourage these crimesThe federal bureau of investigations has but in some mechanisms in bid to stop these fraudsters. The FBI has warned the public to be wary and not fall into this trick. In this regard, the public has been warned to be skeptical of any email or letter from persons claiming to be Nigerian government officials or any other foreigner asking for help with regard to transfer of large sums of money. The public has also been advised not to believe in the promise of large sums of money once they cooperate (FBI, 2010). Many countries have put in legislations that require citizens to report any form of 419 emails.In general, the governments all over the world are committed to ending this vice. There have also been developments of Internet Technologies which aim at stemming the advancement of the Nigerian Advanced Fee Fraud scams. Through th e use of this technology, law enforcement officers are in a position to cooperate internationally and therefore are able to track these scammers, obtain the necessary evidence and prosecuting them (Lohr, 1992). References FBI. (2010). Internet Fraud. Retrieved August 19, 2010 from http://www. fbi. gov/majcases/fraud/internetschemes. htm. Gill, P. (2005). About. Com. The Top ten internet/ Email Scams.Retrieved August 19, 2010 from http://netforbeginners. about. com/od/scamsandidentitytheft/ss/top10inetscams. htm Grabosky, P. (2006). Electronic Crime, New Jersey: Prentice Hall http://www. nytimes. com/1992/05/21/business/nigerian-scam-lures-companies. html. Lohr, S. (1992). Nigerian Scam' Lures Companies. Nigerian Advanced Fee Fraud Detection, Education, Eradication. The New York Times. Retrieved August 19, 2010 from http://www. nextwebsecurity. com/ Nigerian scams. (2000). Schemes, Scams and frauds. Retrieved August 19, 2010 from http://www. crimes-of-persuasion. com/Crimes/Business/ nigerian. htm.

Euthanasi Assisted Suicide And It - 769 Words

â€Å"I’m not afraid of being dead. I’m just afraid of what you might have to go through to get there.† This quotation stated by Pamela Bone a former Age journalists and columnist is discussing her opinion about euthanasia. Euthanasia is also known as physician-assisted suicide and it is clearly is exactly what it is explained. A physician or a doctor gives lethal dose of medication until the patient passes away. Just as the quotation described it people have their beliefs on what is the right way to die and this is why this topic can be considered very controversial because it is an assisted suicide. The people who are against euthanasia believe that it is inhumane and it shown that the process of euthanasia may not be as easy process as people assume it be. However, on the other stance, people believe that if a patient is terminally ill and that patient will head down that road then it would less painful emotionally and physically if the patient had the choice to end it. Euthanasia is considered inhumane to a huge amount of people. Many people believe that the patients are not in the right mind to make that decision. The patient could be depressed or they do not know how to cope with the struggles in their life and that is why they turn to euthanasia. Many people believe that euthanasia is messing with fate because it is an assisted suicide. A patient should not have that much of power or that much control of their life. In religions Christianity and Islam believe thatShow MoreRelatedEuthanasi Assisted Suicide?1252 Words   |  6 PagesEuthanasia: Assisted suicide Which is better - suffering, pain, and holding onto life for a period of time or just being laid to rest in peace? Nine out of ten people would pick the latter (Georgia State University) if just asked that question without a scenario, but when given the scenario and thinking about their family they might change their opinion. Euthanasia is related to this because it is the destruction of life, and in today’s society, medications can help with pain and suicide is typicalRead MoreEuthanasi Is It Assisted Suicide? Essay1502 Words   |  7 PagesBacon additionally affirms that, They should get the ability and give the consideration whereby the diminishing may pass all the more effectively and unobtrusively out of life.†Bacon affirms that this other form of palliative care is really Assisted suicide. Euthanasia is not immoral and that is one of the biggest arguments used by people who are anti -euthanasia.For something to be unethical, it would need to damage moral laws or standards. The protection of life is, notwithstanding, subject toRead MoreEuthanasi Euthanasia And Assisted Suicide1332 Words   |  6 PagesEuthanasia/Assisted Suicide Many people here in the United States believe that euthanasia, often called assisted suicide is wrong because of the Hippocratic Oath doctors take. Others argue it should be up to the patient. In most cases if a physician says they are terminal and only have six months to live they can agree up receiving a prescription for a lethal dosage of medication to end their lives. I believe it is a personal freedom that we should not deny people; we should not force them to haveRead MoreEuthanasi Assisted Suicide And Euthanasia Essay2335 Words   |  10 PagesPhysician- Assisted Suicide Framing the Issue Many legal, ethical and personal issues and dilemmas have been identified in relation to physician- assisted suicide and euthanasia. Issues such as whether physician- assisted suicide or euthanasia is ethically acceptable, or what criterion is legally and socially necessary to determine whether a person can receive assisted suicide measures to end ones life. A variety of literature reviews have been created to address this topic and generate knowledgeRead MoreEuthanasi The Complex Role Of The Physician With Physician Assisted Suicide1702 Words   |  7 PagesThe theoretical aim of this thesis is to introduce euthanasia, the complex role of the physician with physician-assisted suicide (PAS) under the argument that it is not an issue of passive or active. Nor right or wrong. Euthanasia is defined as the act or practice of killing or allowing someone to die on grounds of mercy (Morally Disputed Issues: A Reader, 341). In its complexion euthanasia is not merely a dead or alive decision as it truly is at its core goal. There is passive euthanasia which isRead MoreEuthanasi Voluntary Active Euthanasia, Passive Euthanasia And Physician Assisted Suicide1143 Words   |  5 PagesThere are three types of euthanasia; voluntary active euthanasia, passive euthanasia and physician assisted suicide. Voluntary euthanasia is actually deliberate intervention meaning by a patient wanting termination. Involuntary euthanasia is also known as mercy killing as a result of a medically or legally incompetent person, such as a baby or an elderly person. Finally, physician assisted suicide or PAS results when physician facilities provide the necessary means to preform this procedure. This