Instructors training on how to grade is within the Instructor Center.Assignment 2: Applying Philosophy to LifeAssume that you are interviewing for a position as chair of a newly established ethics oversightcommittee for one of the following:Investment firm that offers advice and products to public retirement fundsHospitalPrivate universityState legislative bodyAnalyze three (3) philosophies) that you believe should guide decisions. Analyze one (1)philosophy that you believe would be extremely detrimental for the organization to use inmaking decisions.Write a four to five (4-5) page paper in which you:Provide a rationale for selecting this organization explaining at least two (2) reasons theorganization needs ethics oversight.Analyze the first philosophy discussing its proponents and two (2) major principles of thephilosophy and how they apply to decisions that will need to be made.Analyze the second philosophy discussing its proponents and two (2) major principles of thephilosophy and how they apply to decisions that will need to be made.Analyze the third philosophy discussing its proponents and two (2) major principles of thephilosophy and how they apply to decisions that will need to be made.Analyze a philosophy that would be detrimental discussing its proponents and two (2) majorprinciples of the philosophy and how they would be detrimental to decisions that will need to bemade.Provide at least five (5) credible external academic references (at least one (1) source for eachcriterion) to support your view about the need for and use of these philosophies to make ethicaldecisions for the organization. (Do not use such open sources as Wikipedia About Ask.)Your assignment must follow these formatting requirements:Be typed double spaced using Times New Roman font (size 12) with one-inch margins on allsides; citations and references must follow APA or school-specific format. Check with yourprofessor for any additional instructions. Include a cover page containing the title of the assignment the student’s name the professor’sname the course title and the date. The cover page and the reference page are not included inthe required assignment page length.