They possess the same fundamental rights, and the comparable interests of each person should count the same in calculations that determine social policy. Neither supposed racial differences, nor skin color, sex, sexual orientation, ethnicity, intelligence, nor any other differences among humans negate their fundamental equal worth and dignity. The event of credit card company provide the support to the hate guoup also reletion to the essay “ Legal to Censor, but Unwise” by Gabe Rottman who is a legislative counsel and policy adviser at the Washington legislative office. Rottman claims that Financial services companies, are ill-equipped to determine which groups should live or die in hard cases of controversial speech like “hate speech”. So, credit card companies should not decide to whether provide support to the group even it is hate group.
b) No, because the board of directors did not authorize the president and CEO or the other employees to violate federal law. c) No, because a corporation is not liable for most crimes committed by its agents. d) Yes, because a corporation is always liable for the crimes committed by its agents. 4. For which of the following would a shareholder derivative action be appropriate?
b) No, because the board of directors did not authorize the president and CEO or the other employees to violate federal law. c) No, because a corporation is not liable for most crimes committed by its agents. d) Yes, because a corporation is always liable for the crimes committed by its agents. 4. For which of the following would a shareholder derivative action be appropriate?
To get the maximum benefit from an independent internal control : Control values and Integrity from the top make it clear that it is unethical activities will not be accepted , and set the tone for the company's culture . There are several principles of management : 1. Establishment of responsibility : management is most effective when a single source may be responsible for the problem , including the authorization and approval of transactions. Weakness: LJB has only one accountant who serves as treasurer and controller , which can optimize the processes , but it creates an inherent risk . Cashier handled informally .
Discuss how Greater Providence Deposit & Trust might improve its control procedures over the disbursement of loan funds to minimize the risk of this type of fraud. In order for any organization to avoid any type of fraud would be to have good internal controls in place. Good internal control requires that no single employee be given too much responsibility over business transactions or processes (Romney & Steinbert 2010). An employee should never be given the opportunity to be in a position to commit and conceal fraud. In the case of Greater Providence Deposit & Trust the organization did not have proper internal controls in place.
Concerning the economic issue, there were a lot of big mergers in the United states in 1998. Wells Fargo seized this opportunity to merge with Norwest Corporation, and it resulted in the 6th largest bank in the US with $190 billion assets under management. In 2003, the earnings increased even though there was a rise in the interest rates level. The firm profited from the economic slowdowns, because it reduced competition. The main aspect of the social issue is the population growth, which implies a growth of the demand for financial products.
This test was examined in the Carparo Industries Plc. v Dickman case. The defendant had an account audited that didn’t reflect a previous loss and debts in the bookkeeping records, instead, profits, putting the claimants in a belief that, the company in question is worth investing in. Afterwards, the claimants found out the audited account didn’t reflect exactly the true previous and current status of the company financial dilemma. Based on the principles of the three-part-fold, the House of Lords ruled against the claimant that: the defendant owes no duty of care to the claimant in such circumstances.
This means that the owner of a business should not place any personal assets on the business balance sheet. The balance sheet of the business must reflect the financial position of the business alone. Also, when transactions of the business are recorded, any personal
(LO 1 ends) 2. Identify the types of ethical concerns that arise in the business world Common ethical issues fall into four broad categories. First, fairness and honesty mean that businesspeople are expected to refrain from knowingly deceiving, misrepresenting, or intimidating others. Second, businesspeople must not put their personal welfare above that of other people or of the organization. Third, businesspeople should avoid real or perceived conflicts of interest.
The main objective of current bank account is to enable the businessmen to conduct their business transactions smoothly. There is no restriction on the number of amount of deposits, there is also no restriction on the number and amount of withdrawals made, as long the current account holder has funds in his bank account. Generally, bank does not pay any interest on current