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Business Ethics


8. Evaluate how the company's current strategy supports or discourages ethical business behaviors (or perhaps both). Discuss how you arrived at your assessment. Please see the link: http://walmartstores.com/sites/annualreport/2011/financials/Walmart_2011_Annual_Report.pdf

Ethical implications of adding a medical clinic to an island

1.) Describe a plan to open up a medical clinic on a small island. 2.) Describe the factors affecting decision implementation. 3.) Evaluate the resources and actions required. 4.) Evaluate the ethical implications from stakeholders perspectives.

BP(Beyond Petroleum) Focuses on Sustainability

1. based on the history of the company, why did BP get involved in so much questionable conduct? 2. analyze BP's efforts to improve sustainability. Do you think they are sufficient, or does the company need to do more? 3. Do you believe the BP code of conduct and ethics initiatives will prevent future misconduct. Brief

CPAs: Economic and Ethical Issues

As a CPA you are in charge of a small tax advisory firm providing services to individual taxpayers, a substantial group of whom is high-wealth. Your firm is experiencing new pressures from the changing marketplace. New, non-CPA market competitors and competition from do-it-yourself tax-preparation software packages have had a ne

A company has two food product lines

A company has two food product lines. It has received much favorable press for its sustainable products line. The products uses ingredients produced with fair-trade labour and natural ingredients. The second product line uses questionable ingredients like perservatives, economy fillers, and sulpher dioxide, all of which could be

Advantages of following rules: Ethical behavior

Will any advantages come to a company, healthcare or otherwise, which scrupulously follows all of the rules and regulations, and insists that its employees deal honestly and fairly with its customers, patients, vendors, and lenders? What advantages would they be?

Eco Friendly: Fast Fashion's Ethical Makeover

See attached file. Fast fashion is both a profitable and highly controversial business tainted by waste and sweatshops. It's no secret that large retailers destroy their unsold clothing or that third world workers are constantly being taken advantage of. As a result, please answer the questions based on the statement 'hyp

The following are a number of scenarios that might constitute a violation of the AICPA Code of Professional Conduct. For each of the six situations, identify whether it involves a violation of the ethical standards of the profession and indicate which principle or rule would be violated. a. Tom Hart, CPA, does the bookkeeping, prepares the tax returns, and performs various management services for Sanders, Inc., but does not do the audit. One management service involved the assessment of the computer needs and the identification of equipment to meet those needs. Hart recommended a product sold by Computer Co., which has agreed to pay Hart a 10% commission if Sanders buys its product. b. Irma Stone, CPA, was scheduled to be extremely busy for the next few months. When a prospective client asked if Stone would do its next year's audit, she declined but referred them to Joe Rock, CPA. Rock paid Stone $2000 for the referral. c. Nancy Heck, CPA, has agreed to perform an inventory control study and recommend a new inventory control system for Ettes, Inc., a new client. Currently, Ettes engages another CPA firm to audit its financial statements. The financial arrangement is that Ettes, Inc. will pay Heck 50% of the savings in inventory costs over the two-year period following the implementation of the new system. d. Brad Gage, CPA, has served Hi-Dee Co. as auditor for several years. In addition, Gage has performed other services for the company. This year, the financial vice president has asked Gage to perform a major computer system evaluation. e. Due to the death of its controller, an audit client had its external auditor, Gail Klate, CPA, perform the controller's job for a month until a replacement was found. f. Chris Holt, CPA, conducted an audit and issued a report on the 20X1 financial statements of Tree, Inc. Tree has not yet paid the audit fees for that audit prior to issuing the audit report on 19X2 statements.

Can you help me get started on this assignment? The following are a number of scenarios that might constitute a violation of the AICPA Code of Professional Conduct. For each of the six situations, identify whether it involves a violation of the ethical standards of the profession and indicate which principle or rule would

Ethical dimensions of Cal and Harry: Should Cal give a letter

C) As an executive in a mid-sized manufacturing firm, Cal finds himself thrown together with Harry, who works for a unit Cal oversees. He and Harry are in the same community; their children are in the same schools; they often show up at the same social functions; and they play golf together fairly frequently. One day, to Cal's d

Ethical Issues and Foreign Investments: World Bank and Latin America health care

There are multifaceted ethical issues relating to international investments. One aspect relates to human rights. Most Latin American governments have constitutions that mandate health care as a human right, yet some of these countries provide poor health care for the majority of their population. During the 1980s, the genera

Moral/ethical in one culture may be considered the opposite

1.What is considered moral and ethical in one culture may be considered the opposite in another culture. Can you provide examples? 2.Can you provide tips on how to separate personal situations and feeling away from the work environment? What are the advantages and disadvantages of making this separation? 3.Leaders are to

Legal and Ethical Environment of Business: Regional Hospital 'at-will' doctrine

Scenario Mr. Con Fused has been an employee at Regional Hospital for the past five years. His employment there was recently terminated. The reason for the termination was: Inability to follow instructions. However, Regional has adopted an "at-will" policy. So in reality, no reason has to be given for the termination. Never th

Target population and sampling frame; Ethical codes relating to data collection

1. Define the appropriate target population and the sampling frame in each of the following situations: a. The manufacturer of a new cereal brand wants to conduct in-home product usage tests in Chicago. b. A national chain store wants to determine the shopping behavior of the customers who have it store charge card. c. A lo

Ethical Dilemma: Controls Built into Limited-Payment Expense

See the attached file. Ethical Dilemma Many companies control their sales reps' travel and other business expenses by using some form of limited-payment plan. That is, management will set a maximum amount that the company will reimburse for specific items such as lodging, meals, entertainment, and laundry. Typically, reps do

Ethical Dilemmas in Organizational Development

Briefly explain these three ethical dilemmas -Misuse of Data -Misrepresentation -Promising unrealistic outcomes From these, select any one ethical dilemma. Consider you are the leader of an organization. Explain how you would ensure that an OD professional you hired would remain uninvolved in the selected ethical dilemma

Discuss the ethical dilemma between street crime and white-collar crime. First, you should read about the Ford Pinto case. Familiarize yourself with the facts of the case, and the outcome. Draft arguments that Lee Iacocca should NOT have been prosecuted criminally.

White collar crimes are crimes committed not because of poverty, but because of social greed, social acceptance, and personal greed. Street crimes are often committed by individuals who experience poverty, may be unemployed or underemployed, and may have low education. Ethics is what an individual or organization ought to do. Du

The Sarbanes-Oxley Act (SOX) and Ethical Behavior

The Sarbanes-Oxley Act (SOX). Address the following: Consider whether the implementation of the Sarbanes-Oxley Act supports ethical behavior. Specifically, address Title 3 of SOX and whether you think SOX worked for financial institutions in the recent financial crisis. Do you think regulations work to maintain an ethi

Jackson Daniels graduated from Lynchberg State College two years ago. Since graduating from the college, he has worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2011. He conducted a thorough analysis and came out with projected sales of 250,000 units of product. That represents a 25 percent increase over 2010. Daniels went to lunch with his best friend, Jonathan Walker, to celebrate the completion of his first solo job. Walker noticed Daniels seemed very distant. He asked what the matter was. Daniels stroked his chin, ran his hand through his bushy, black hair, took another drink of scotch, and looked straight into the eyes of his friend of 20 years. 'Jon, I think I made a mistake with the budget.' What do you mean? Walker answered. You know how we developed a new process to manufacture soaking tanks to keep the ingredients fresh? Yes, Walker answered. Well, I projected twice the level of sales for that product than will likely occur. Are you sure, Walker asked. I checked my numbers. I'm sure. It was just a mistake on my part, Daniels replied. So, what are you going to do about it, asked Walker. I think I should report it to Pete. He's the one who acted on the numbers to hire additional workers to produce the soaking tanks, Daniels said. Wait a second, Walker said. How do you know there won't be extra demand for the product? You and I both know demand is a tricky number to project especially when a new product comes on the market. Why don't you sit back and wait to see what happens? But what happens if I'm right and the sales numbers were wrong? What happens if the demand does not increase beyond what I now know to be the correct projected level, Daniels asks. Well, you can tell Pete about it at that time. Why raise a red flag now when there may be no need?â? Walker states. As the lunch comes to a conclusion, Walker pulls Daniels aside and says, Jack, this could mean your job. If I were in your position I'd protect my own interests first. Questions 1. What should an employee do when he or she discovers that there is an error in a projection? Why do you suggest that action? Would your answer change if the error was not likely to affect other aspects of the operation such as employment? Why or why not? 2. Identify the stakeholders potentially affected by what Daniels decides to do. How might each stakeholder be affected by Daniels's action and decision? Use ethical reasoning to support your answer. 3. Assume Daniels is both a CPA and holds the Certified Management Accountant (CMA) certification granted by the IMA. Use the ethical standards of these two organizations to identify what Daniels should do in this situation.

Case 1-8 A Faulty Budget Jackson Daniels graduated from Lynchberg State College two years ago. Since graduating from the college, he has worked in the accounting department of Lynchberg Manufacturing. Daniels was recently asked to prepare a sales budget for the year 2011. He conducted a thorough analysis and came out with pro

escribe the amount of coaching the manager or coach

How can I describe the amount of coaching the manager or coach does on the job? Question as below (300 words); - If you ask a manager or coach to describe the amount of coaching he or she does on the job. How does this coaching help increase ethical behavior among his or her group members?

Article Review - Carbon Dioxide: Don't Suffocate the Facts

See attached file for article. Decision-making using data is crucial to all businesses. However, the text notes that data analysis is often met with skepticism about the objectivity of published studies. 1. Using IWU's Online Campus Library Services (OCLS), locate any article that data is being questioned for its ethical

Legal and ethical environment of business

Focus on the concept of stare decisis and the landmark decision of Roe v. Wade. IMPORTANT NOTE: The key to this discussion is stare decisis, not abortion! Therefore, please leave personal attacks, religion, and politics out. This case was selected in order to focus your attention on legal reasoning, despite your person

Ethical Issues in Organizations

Please help answer the following questions. Why are ethical issues a major concern in organizations? What individual influences impact ethical behavior? How can organizations influence ethical behavior in employees? Use a recent article from the Wall Street Journal, or other reputable publication, for an example o