(b) What are the ethical issues involved in this situation? The ethical issues involved in this situation pertain to following accepted accounting principles. Violating the generally accepted accounting principles to satisfy a short-term personal or company would create misleading financial statements. This situation would therefore be unethical. Robbin Industries is jeopardizing itself by not properly reporting the advertising costs.
An example of this could be social security benefits. These motivations help the company recruit top level employees and increase their overall productivity. But this can be a trade-off as these benefits and rewards can be costly. Takeaway 2 - Corporate Culture, Human Resources, and Ethics Zappos is a great example of a company that has created a lively atmosphere for their workers through their casual working environment. But another takeaway is that this type of culture is not compatible with many companies.
The stress of the audit partner is tremendous and choosing that profession is one that I would prefer not to undertake. The anxiety and pressure to certify that a company’s financial records are in good standing can be daunting. 3.) Independent auditors are sometimes perceived as the “necessary evil” by corporate executives because of the possibility of exposing corruption. To change this point of view an auditor can try to explain their intent to educate and improve the company’s policies, which can in turn lower costs.
In this case it is the manager’s duty not to reward employee’s who violate the code of conduct or the law and ensure privileged information is not made public ("Ethicsgame.com", 2012). The manager in this simulation used the Rights/Responsibilities Lens. This ethical lens revolves
While theft and low income consumers bring the possibility of providing only moderate revenue gains, if not a loss, operating in impoverished areas can also be a source of growing potential for the business. Many companies advertise philanthropic missions, such as donating to charities every year or helping to provide for the families of their employees. While these are messages that consumers hear, a more powerful message can be the one that the consumers themselves see. Rather than closing down those stores, Company Q should focus on the reasons for the high crime, and offer ways to reduce that crime rate. Offering work programs that help prepare young people for management or skilled positions is a good way to take crime off of the streets while showing to the community that the business cares about the welfare of the population.
As long as the organization is maximizing the utility with the decisions they make, the good utilitarian accountant should not worry themselves with the moral implications of the decisions they made. This is because moral decisions should be based on the "ends" not the "means." One way decisions can be assessed by a good accountant is to see what utility the other decisions would have brought the society. In this way, there can be a valuation for utility opportunity costs that can help users determine the impact of management's decisions. Any opportunity costs that lower overall utility created show that utility is not being maximized.
It also concerns about the business ethics issues. If the company suddenly obsoletes the line, the employees will lose their job, which will reduce all employees’ loyal and have strongly bad impact on its image and reputation. Finally, since its competitive strategy is high standards of quality, I suggest the firm to improve the Classic products in long term, which can remain the traditional conceptions as well as increasing
They help major banks, retail companies and telecommunication companies. There is no doubt that Symcor is the best company for outsourcing services based on their work, reputation and commitment to deliver success. Weaknesses Even though Symcor is a very strong company it has some weaknesses. One weakness is that Symcor is increasing the unemployment rate. Due to giving companies outsourcing opportunities, these companies will fire their staff because staff overseas will work for cheaper and sometimes even better.
One of the main concerns in any motivational program is ethical issues. Motivational practices can have negative impact on work ethics and increase unethical behaviors in the workplace. Ethics in workplace Employees have to do their jobs in an ethical manner. There is no universal definition for ethics, however, De George has stated that :Ethics is a systematic attempt to make sense of our individual and social moral experience, in such a way as to determine rules that ought to govern human conduct, the values worth pursuing, and the character traits deserving development in life (De George, 2006, p.19-20). Business ethics is the guiding principles on what is the “right” or appropriate way to behave in a situation (Jones & George, 2008).
In utilitarianism, an action is considered to have utility only to the extent that it contributes to the overall good (Investopedia, n.d.). According to the case, several thousand people were killed and many thousands more were injured after people came into contact with the poisonous gas. Therefore, if this theory is being considered, the compensation would contribute happiness to thousands of family members of the victims that were killed and injured following the incident. No doubt that the shareholders of the corporation might get lesser profit if higher compensation were paid to the employees and local community, but the amount of happiness of the people affected would have been much higher if it is being added and subtracted. Besides that, an ethic of care approach argues that since we are mutually dependent on each other for our well-being, we have a moral