CHAPTER 2 QUIZ 1 | Which of the following best describes a company that follows the inherence theory of social responsibility? | a. | Managers are responsible to shareholders, but serve them best by being responsible to larger society. | | | b. | Managers answer only to shareholders and act only with shareholders interests in mind.
AICPA American Institute of Certified Public Accountants (AICPA) is a voluntary organization of CPAs. The AICPA Code of Professional Conduct focuses on a set of professional and ethical standards followed by CPAs. The primary standard set by the AICPA Code of Professional Conduct is to honor the best interest of the public, even if doing so sacrifices personal gain. The code also focuses on constantly exercising professional and ethical conduct (Mintz & Morris, 2011). The executives at WorldCom knowingly misstated capital spending moving funds from one account to another to hide the reasons for the expenditures, and manipulated financial reporting.
The main purpose of this article is to discuss the Caux Round Table (CRT) Principles for Responsible Business which has described moral standards for suitable behavior in the workplace. Breaks in company honesty, whether among a small amount or a lot of individuals, compromise the beliefs of workers and for this reason the ability of an organization to provide people’s needs. The main idea of the article is to determine a universal code of ethics in the CRT and talk about the standards for behavior in the workplace. The most important information in this article is the principles themselves and the similarities and/or differences to Jerry White’s Biblical guidelines. The first principle of CRT is to respect stakeholder beyond shareholders
Analysis of “Organ Sales Will Save Lives” English 112 11:30-12:45 9/19/2012 Analysis of “Organ Sales Will Save Lives” Thousands of people die every year from a tragic disease known as end-stage renal failure. However, these deaths could be easily prevented with the legalization of kidney sales for transplant. Countless people around the world are either desperate to sell or buy a kidney, yet restrictions on such transactions have caused the black market organ trade to thrive. Restraints on kidney sales not only promotes risky conditions in which to purchase one, but cheats the seller out of due compensation if it were legal. In her essay “Organ Sales Will Save Lives”, Joanna Mackay explains how legalizing kidney sales would be beneficial in more ways than one; saving the lives of patients willing to buy kidneys, and with legal compensation, helping to end poverty in the countries of those willing to sell.
When corruption occurs it damages the reputation of the employees and the business. Society relied upon this firm to assist in making them money but the firm was more concerned with their bottom line. Many of the individuals doing business with these firms lost their life savings and destroyed some of the trust that investors have with the Wall Street firms. It makes people have second thoughts about investing in the stock market. Another effect this unethical behavior had on these organizations been they agreed to pay a penalty of over $1.43 billion dollars as compensation to the victims.
At first glance I was appalled at this, thinking of the hundreds of thousands of Americans that would be put out of work. But he later goes on to explain that within the next ten years or so somewhere around forty-two percent of these bureaucrats will retire. But even so, Giuliani wants to replace only half of those jobs creating a more streamlined and smarter government. Where I feel the greatest economic impact will be felt in this plan is the privatization of the excess jobs. Although; the cut in governmental jobs would give taxpayers a relief thus cutting governmental non-defense spending, the jobs and business investment created by the privatization will be a much larger gain for our
The other benefit our government received had to do with the changes caused in the economy when the 9/11 terrorist attacks happened. What happened that day, cost the U.S. $20 billion dollars and caused the global market to fall over $100 billion dollars. This made it easier for our government to trade certain goods with other certain countries. This is also a good excuse to raise taxes and the prices of oil and anything else people need so the government is spending money but maybe not as much as they were receiving. The terrorist attacks also caused the major debt the U.S. was in
More and more people are dying every day from alcohol related accidents and the sad part is, is that lots who die from alcohol related crashes, are victims. Someone supporting this issue, like me, would feel this way because we want to insure the safety of youths everywhere, and manly on the road. More and more people die every day and I wan to try to take the death rate down a notch. A person opposing this issue would disagree with me because, they would probably like to have youths make mistakes and learn from them, but what I say is, “What if you only have one chance?” An other thing an opponent would say would be to take the Europeans drinking in to thought,
One imperative part of culture is that it interface brand to the firm and assume basic part in separating brand. Kapferer (2004) Brand culture depicts the arrangement of qualities that are sustaining the brand's motivation, and additionally clarifies from where the item is determined (Kapferer, 2008). Individuals as a rule credit mark with certain identity. The route in which it talks about its item or administration indicates what sort of individual it would be on the off chance that it were human. It likewise brought up that brand identity is depicted and measured by those human identity qualities that are pertinent for
There are many misguided individuals in our society and it would be safer if they had less access to guns. Joe Messerli from BalancedPolitics.org says, “Suicides and crimes of passion are higher with gun availability, as it's much easier to act immediately on your impulses when a gun is available.” This is very true, Save.com states, “that over 30,000 Americans commit suicide each year.” The suicide rate is very high and it grows every year. Gun control will strengthen the laws of owning firearms and the number of firearms made. There will be a reduction in violent crime and robbery of any kind. Background checks and mental screening would