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Business Ethics

CEO minimizing unethical business and marketing practices

With the memory of the many companies showing poor judgment and poor ethics, such as B&P, Toyota, Enron, WorldCom, Arthur Andersen, and others fresh in your mind, you have been asked to advise your company's CEO on to how to minimize the risk of a similar event occurring at your company. What recommendations would you make t

You are considering opening a kiosk in the mall that will sell customizable aprons. You need to borrow money from the bank to get the business started and estimate that you will need approximately $20,000. The bank would like you to prepare an estimated profit statement showing what the expectations of the company are. You will pay $6 for the aprons and will sell them for $10. You estimate that you can sell 1,000 aprons per month. The cost of paint and supplies to customize the shirts will be $1.00 per apron. The cost of rent on the kiosk will be $500.00 per month. Utilities will be $200.00 per month. Wages of workers will be $1000.00 per month. Calculate the estimated profit of your company for the first year of operation. Calculate the estimated profit of your company for the first year of operation. 2. During 2002, Enron Corporation hid large liabilities from its balance sheet. WorldCom admitted to recording expenses as assets. Both companies tried to improve their financial appearance by window-dressing their financial statements. Is this an ethical issue? If yes, what is the ethical issue? Provide mini history on these two companies. 3. You are an accountant working for an advertising agency and you are working on the adjusting entries for the year ending December 31st. You notice that the prepaid insurance account is too high, because the policy has now been used up based on time. You paid for another year on January 1st, so the December 31 balance did not require any adjusting. Is this accurate and what effect will this type of behavior have on the financial statements.

1. You are considering opening a kiosk in the mall that will sell customizable aprons. You need to borrow money from the bank to get the business started and estimate that you will need approximately $20,000. The bank would like you to prepare an estimated profit statement showing what the expectations of the company are. You wi

Attached is a small Case Study. If you culd read it over and help me to anawer the followmg question it would hep me out quite a bit!! List all the political tactics that you think were used by the various parties involved in the case. Explain why you classify these as "political tactics"

Agee's appointment of Mary Cunningham could be seen as a political tactic. She is young and she is a woman. This increases Agee's "stock" among the young employees and the female employees. She is "new blood" and could signify his intent to keep the company on the cutting edge rather than have it become fossilized. The rum

Differences in Ethics Codes between Businesses and Non-Profits

Problem: How should a code of ethics differ when written for a business versus a non-profit organization? How should it differ when written for a service organization versus one that produces tangible products. How should a code of ethics differ when written for a business versus a non-profit organization? How should it diff

In recent news, a well known comedian/actor was recently terminated from AFLAC Insurance Company. Gilbert Gottfried was the voice of the organizations character duck that quacked the name "Aflac" during their commercials. Unfortunately, the actor/comedian made a few negative comments via Twitter about the recent tragedy in Japan, in a somewhat joking manner. The organization however, did not think the tragedy in Japan was anything to joke about, especially during a precarious time of destruction that leaves an entire country destitute. As a result of the comedian's ill-placed sense of humor, he was immediately terminated. "In a company statement released Monday (3/14/11) night Aflac said, 'Gilbert's recent comments about the crisis in Japan were lacking in humor and certainly do not represent the thoughts and feelings of anyone at Aflac. Aflac will immediately set plans in motion to conduct a nationwide casting call to find a new voice of the iconic Aflac Duck.'"(Salt TV Network LLC., 2011). In some aspects determining what is and is not ethical behavior may depend upon an organizations value system and/or organizational code of conduct; it may also be the difference between what is thought of to be ethically right and/or ethically wrong. Some managerial leaders assume that if the questionable act that was committed is not illegal it could not be defined as being unethical, and in some cases this philosophy allows for a barrage of corruption to take root for the reason that most questionable actions are often swept under the rug.

In recent news, a well known comedian/actor was recently terminated from AFLAC Insurance Company. Gilbert Gottfried was the voice of the organizations character duck that quacked the name "Aflac" during their commercials. Unfortunately, the actor/comedian made a few negative comments via Twitter about the recent tragedy in Ja

Attached is a case study about a price-setting scheme used by GE...can you please help me answer the following. Just a good solid paragraph to help me expand in the right direction would be appreciated!! Apart from their legality, did the price-setting scheme set up in 1963 differ in any morally relevant ways from the earlier price-fixing schemes?

Attached is a case study about a price-setting scheme used by GE...can you please help me answer the following. Just a good solid paragraph to help me expand in the right direction would be appreciated!! Apart from their legality, did the price-setting scheme set up in 1963 differ in any morally relevant ways from the earlie

MGT500 Legal & Ethical Aspects of Bus

Discuss your stance on the ethical issues at stake in corporate white collar crime. Justify your position by applying concepts from your research and text.

Ethical Issues in the U.S. Health Care System

Outline a discussion with references on: Are ethical issues in the U.S. health care system evaluated and improved? Discuss the following: a) the background of the issue, including any significant changes over the last decade; b) the extent of the issue, including individuals/entities impacted; c) ways the issue will be af

Code of Conduct, Ethical Decision-Making & Adherence to Laws

- In reflecting on the limited international laws and regulations, briefly discuss some guidelines (principles and concepts) that you would have in your code of conduct (ethical/social responsibility policies). - Describe the ethical decision-making framework. (What will shape your code?) - In creating a code of conduct, w

Criteria Used in Applying Ethical Standards

Select two of the ethical dilemmas set forth in the Text on pp. 125-130 (see attachment). For each dilemma, attempt to determine what you would actually do if faced with this situation; and, given what you have read in this chapter, what you should do. If what you would do and what you should do are different, state why. Finally

Ethical Brain Trust- Event Management in Hospitality/Tourism

Evaluate the importance of the "ethical brain trust"concept in relation to Special Events Management in Hospitality and Tourism. The solution provides a few examples of common ethical issues that might arise and the benefit that an ethical brain trust can provide. There is one web recource provided for background and additi

Dilemma and Observation

1. Dilemma You are the purchasing manager of a midsize firm. You receive an invitation from one of your suppliers to attend a three-day, all-expenses-paid, informational seminar on new technologies in Miami, Florida. The session is located close to your best friend's home outside Miami. When you arrive at the seminar, it turns

What are the ethical issues marketing infant formula in developing countries?

What are the ethical issues marketing infant formula in developing countries? Who has the responsibility in this case? What are the principles that should guide marketing? What are the ethical complexities in the situation? What role is research and science playing? Is there a parallel case you can cite that might raise similar

Leadership and Ethical Decision-Making at Midwest Valueland

Can you help me get started with this assignment? Details: With your promotion to category leader from category manager, you believe that you now occupy a leadership role within the organization and that the position will in fact validate your classification as a leader. On the other hand, fellow category leaders insist that

Is target marketing ethical?

1. When developing a marketing plan for a new product, a marketer must uphold honesty and fairness. Provide an example of how you might exhibit these values in your business. 2. Is target marketing ethical? What measures can the American Marketing Association take to ensure a target market is not being exploited?

Case Study - Ethical Dilemmas

Problem: You are an accountant in a large firm. Your boss tells you to use a controversial accounting practice which will make the company's profits seem higher. She tells you it is only to impress stock holders and will not be used in statements submitted to the IRS. Paper Discussion: Discuss each situation: (a) from the

Screening Employees

Do employers have the right to screen employees or potential employees to learn if they are smokers, have chronic disease, or are overweight? Discuss why or why not--provide a rationale for your position(s). response is 515 words

Discussion on the Ethical Decision-Making Framework

The ethical decision-making framework includes the concepts of ethical issue intensity, organizational factors, individual factors, and opportunity. Discuss how these concepts influence the ethical decision-making process.

Unethical Behavior Memo

: Ethical Situation #2: Unethical Behavior Memo You have been hired as the new controller of a large manufacturing company. The 30-year-old company produces a selection of profitable products, but has also experienced some ethical lapses. A few months into your new role, the CEO has asked you to prepare a memo that will provi