What could the company do to keep this from occurring in the future? You will be evaluated in accordance with the grading rubric provided at the end of this document. Submit this assignment to the Ethics Assignment dropbox. Your case will be automatically evaluated by Turnitin.com Assignment Grading Rubric | |Far Exceeds Standards |Exceeds Standards |Meets Standards |Fails to Meet Standards | |1. Identification of Critical |Identifies all of the |Identifies most of the |Identifies many of the |Identifies few, if any, | |Issues and Problems; Depth of |critical managerial/ethical|critical |critical managerial/ethical |critical managerial/ethical | |Analysis |issues.
By following the matching principle all of the costs associated with a particular product, not just its wholesale price, is expensed when the item is sold. Requirement 2 - A Generally, the lower of cost or market method is used to value inventory in order to “avoid reporting inventory at an amount greater than the benefits it can provide” (Spiceland, Sepe, & Nelson, 2013, p. 476). According to Spiceland, Sepe, and Nelson (2013) the “change in replacement cost usually is a good indicator of the direction of change in selling price” (p. 477). When the change in replacement cost is negative the LCM method allows companies to apply the conservatism principle. The conservatism principle involves “recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received” (The conservatism principle).
How does Adam Smith's concept of the invisible hand explain why markets move toward equilibrium? Do market participants need to know about the invisible hand for it to function? Explain your answer. Answer: Adam Smith’s concept of the invisible hand explains why markets move toward equilibrium because it allows consumers to freely choose what to buy and producers to choose freely what to sell and ultimately how to product it. It is important for market participants to know how the invisible hand functions so they can all benefit by understanding how self-interest regulates the markets supply and demand.
BYP 1-6 (a) Who are the stakeholders in this situation? The stakeholders in this situation would be the vice-president of finance, the president of Robbin Industries, Wayne Terrago, and the users of Robbin Industries’ financial statements. Each of these stakeholders will be affected by any choices Robbin Industries make that affect the company’s financial statements. These individuals each have something to lose by the company providing falsified or inaccurate financial statements (Weygandt, Kieso, & Kimmel, 2010). (b) What are the ethical issues involved in this situation?
Week 4 Learning Team D LAW /421 Week 4 Team D In this case Learning Team will analyze the contract that was brought forth between Armstrong (seller) and GCI (buyer). The process of analyzing will include who is responsible for what and what articles of the UCC protect whom. In this case scenario when Armstrong’s manager wrote in that it would be a destination contract and both parties signed it at that moment it changed who was liable for the press if any issues would arise before delivered to the client (GCI) (Melvin, 2011). Under the destination contract it states that the company/organization and/or person selling the goods must deliver to a specific location and in good working conditions if any complications should take place before it is delivered then the seller
1._____ proceeds from an oral warning to a written warning to a suspension to dismissal. • Positive discipline • Progressive discipline • Procedural justice • Due process 2. Which question should not be important in evaluating the value of training? • Was the cost of training within the budget? • Did change occur?
Review Memo to the Executive Vice-President This message should be short but complete coverage of the subject matter. The information remaining should be worded concisely. The executive vice-president would like to know the differences between the two terms LIFO and FIFO so that the management can decide which inventory valuation method the company should use. Therefore, focusing on how it would affect on the P&L statements is necessary. Start the memo by mentioning to the main point that he is looking for.
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3) Identify two changes to personal information which you must report to your employer. 4) Describe the procedure to follow if you wanted to raise a grievance at work. You may describe this in writing or produce a flow chart or diagram. 5)Explain the agreed ways of working with your employer in relation to the following areas: * Data protection * Grievance * Conflict management * Anti-discriminatory practice * Health & safety * Confidentiality * Whistleblowing 6) Explain how your role contributes to the overall delivery of the service provided. 7) Explain how you could influence the quality of the service provided by; a)following best practice within your work role; b) not carrying out the requirements of your role.
Penton Media, 7 Feb. 2000 Web. 16 Feb. 2006. One-third of the 4,000 executives surveyed three months ago by Management Recruiters International Inc. (MRI) said that even though 80% of their management-level employees now have access to the Internet from desktop personal computers, their companies did not have a policy in place to govern the use of computers and e-mail in the workplace. Flynn, Nancy. “Internet Policies.” ePolicy Institute.