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Case Study in Financial Reporting: Ethical Responsibility of Ken Martin, an Engineer at a Multinational Aerospace Firm

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Ken Martin is an engineer with a multinational aerospace firm that produces a jet engine widely used by airplane manufacturers. Ken recently became aware of a potential defect in an engine part. As the lead engineer responsible for the part, Ken required tests be performed to ascertain the conditions under which the part might fail. The results of the tests indicate that at low temperatures a critical seal may crack, possibly allowing fluids to leak into other portions of the engine. Although the risk of such a leak is very low, the consequences are potentially disastrous.

Questions to consider:

1. What are some of the options available to Ken?

2. Does the company have an ethical responsibility to fix the part? Why or why not?

3. Should the company consider the estimated cost of fixing the part in its decision-making process? Why or why not? Where the cost would be reported?

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1 -- Ken became aware of the defect in the engine part. He then ran tests to determine the consequences of the defect and learned it could lead to disaster. Ken can decide to (1) do nothing, (2) determine the best course of action to replace the parts, or (3) take action to recall (or ground) all planes that currently have the part until the defect can be corrected. Ken can also immediately meet with management to take immediate actions that would keep people safe in areas where the engine ...

Solution Summary

This solution provides a detailed answer based on the Ken Martin scenario. Each question is addressed and the best course of action for Ken to take, is advised. The options, the company's responsibility, and the costs to fix the problem are all addressed. Includes 2 references.

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Essay: Dye's Key Sectors of Power

Hello! I need help with the following:

Within the attached articles select an elite figure from any of Dye's twelve key sectors of power. Utilizing a minimum of three outside sources 1050-1400 wd that addresses the following points:

1.What is the basis of the selected figure's power? Is it derived from wealth, influence over information distribution, immediate access to policymakers, or any combination of the above?

2.What strategies does the selected elite figure use to maintain status and influence? Networking with other elites, business practices, direct political participation?

3.Provide specific examples of how the selected elite figure has influenced public policy. What were the obstacles? How were they overcome?

4.Does your selected elite figure provide an apt example of social mobility? Is the individual a self-made mogul, or was his or her power largely inherited?

5.Do the activities of the elite you selected support how elitist theorists explain wealth and power in America?

6.Assess whether or not the power wielded by the selected elite figure positively or negatively represents your interests.

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