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Finance Assignment Question
Part 1 Essay
Complete an essay discussing ethical theories and their relevance to the ICT industry. In the essay, consider ‘rights’ vs ‘virtue’, ‘relativist’ vs ‘objectivist’ and ‘consequentialist’ vs ’deontology’ and how they relate to professional codes of ethics and practice (eg. ACS, ACM, or IEEE Computing). You should make sure to discuss how they would assist with resolving an ethical question.
Make sure to:
1. Describe each theory.
2. Compare and contrast theories.
3. Clearly state a professional code of ethics.
4. Comment on the connection between the code and the theories.
Part 2 Presentation
Give a brief 5-8 minute presentation to the class explaining either the analysis and conclusion of your essay topic or a detailed description of some aspect of the assignment which you found interesting. You are expected to be an active member of the audience for other student’s presentations.
Finance Assignment Solution
The purpose of this essay is to conduct an analysis of how ethical theories can be applied in the context of the Information and communications industry. The essay discusses individual theories, tries to compare their views on morality and evaluates the outcomes. By discussing specific examples from the industry, the real-life application of theories has been illustrated. Additionally, the essay also elaborates on how a professional code of ethics can be analyzed using ethical theories and how they can assist in resolving an ethical question.
The information and communication technology sector are known for its fast-paced and continually evolving nature (McDermid, 2008). Within a highly dynamic environment, the assignation of moral codes becomes even more challenging, largely because of the continuous evolution of the ground rules. However, time and again it has been established that this field is subject to various exploitations and indiscretions and hence the establishment of ethical values towards computing is a necessity today (Reidi, et al., 2005). Prior to conducting the same, it is crucial to have a look at the ethical theories and foundation of morality that are applicable across all professional fields and disciplines. It would be crucial to evaluate the conceptual foundation of ethics and the same applies to the operations within the ICT field.
Ethical theories intend to help individuals decide ‘right’ from ‘wrong’, or ‘good’ from ‘bad’. Taking the example of right-based ethics and virtue-based ethics, it can be seen that they have their own implications and relevance in the information and communications space. Right-Based ethics believe that the morality of an act depends on whether the actor adhered to the ground rules or not (Berzai, 2012). It does not give any significance to the consequences of the action. On the other hand, a virtue-based ethical principle believes that an individual’s character is the key element in ethical thinking rather than the rules themselves (Charlesworth & Sewry, 2009). In the world of information and communications, information is a source of power. A broad range of decisions relates to usage of this information, control and access to information, privacy and misuse of the available data, and international considerations while handling data, etc. (Smith, 2009)……………..