William Develops a New Design for a Gasoline Engine That

question 30

Essay

William develops a new design for a gasoline engine that will increase fuel economy by 30%.He decides not to patent this design because it will be good for the environment and the entire world.Name and explain the ethical system William has used to make this decision.

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Definitions:

Feedback Control

A system or process that regulates itself by monitoring its own output and feeding back information to make adjustments.

Internal Control

Mechanisms or procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Hot Stove Rule

A principle in management and discipline that suggests consequences should be immediate, consistent, impersonal, and close to the action of misconduct, akin to touching a hot stove.