... Which of these issues may impact a company’s operations? a. international issues b. political issues c. ethical issues d. legal issues e. all of these issues can impact operations ANSWER: e (page 3-4) National: AACSB Analytic; Diversity; AICPA BB-Legal 2. Which area of law is most likely to impact directly the finance and accounting departments of a company? a. products liability b. employment discrimination c. credit regulation d. environmental law e. all of these are likely to impact about the same ANSWER: c (page 3) National: AACSB Analytic; AICPA BB-Legal 3. Which is generally recognized as the best (most correct) definition of law? a. a body of rules of action or conduct prescribed by controlling authority, and having binding legal force b. that which must be obeyed and followed by members of a society subject to sanctions or legal consequences c. the circumstances in which the public force is brought to bear through the courts d. a rule of conduct that justifies a prediction that it likely will be enforced by the courts if its authority is challenged e. all of the other choices are correct; there is no one agreed upon best definition ANSWER: e (page 3) National: AACSB Analytic; Communication;...
Words: 16618 - Pages: 67
...Memo – Choice House To: Joan Tanner and Finance Committee I have investigated the matters brought to my attention by the Board of Directors Finance Committee and have come to the following conclusions with the information gathered. 1. Were the ED’s salary and benefits in line for EDs with other nonprofits similar to Choice House? As Choice House belongs to a consortium of nonprofits, I contacted the consortium to gain some clarification on the questions of salary and benefits for the ED. I was informed that the salary of $70k and benefits of $7k were indeed comparable to salaries and benefits of other EDs in the area. I believe we are paying the ED a very reasonable salary with the understanding that Beth was hired because of her previous track record and the expectation that she would be able to produce similar results for Choice House. 2. Why was the office supplies line $7,500 over budget? Who was using the supplies and for what projects? It should be noted that Choice House has submitted five grants in the fourth quarter, two of which were recommended by the board. None of the five grants have yet been approved. If any of these grants were to go through it would more than make up for the shortage in budgetary funds. Unfortunately it will be a few more months before Choice House will hear anything about these grants. Most of the expenses this quarter were due to publicity brochures and small gift items that the ED requested for her trip to the...
Words: 711 - Pages: 3
...Approaches to ethical decision making at times can be made using different philosophical approaches, which was the first part of our assignment this week; the completion of Appendix B where we were to decide which course of action was to be taken based on each philosophical approach for the given scenarios. The three philosophical approaches are: consequentialism, deontology, and virtue ethics. Consequentialism is the view that the value of actions is derived solely from the value of its consequences. In accounting, this approach is used to analyze which decision is most ethical based on the harms and benefits to the stakeholders; basically, it is the decision that does the greatest good for the greatest amount of people. In short, consequentialism is the decision is ethical if the positive outcome is greater than the negative outcome. Deontology is the ethical theory that is concerned with duties and rights. Whereas consequentialism is concerned with actions consequences, deontology is concerned with the obligation or duty motivating the decision (Brooks, 2007, p. 330). Decisions are based around moral standards, rights, fairness, and principles. Virtue ethics seems to lie somewhere between consequentialism and deontology; its primary concern is with traits of character that are morally right. Virtue ethics focuses on an individual’s integrity and character in relation to the moral community, such as professional communities (Brooks, 2007, p. 332). Scenario 1 The...
Words: 1045 - Pages: 5
...CAP 4 Case Conection Homesick By mid-2011, plummeting home prices played a pivotal role in a chronically ill U.S. economy that just couldn't seem to shake the 2008 financial collapse. In the first half of 2011, 1.2 million homeowners received foreclosure notices. With an increasing number of homeowners in financial distress, real estate values plummeted, making it tough for homeowners to refinance to cheaper loans, dampening consumer confidence and spending. Policymakers have considered a range of different options. Among the most radical is buying up vacant properties and bulldozing them to diminish the supply glut and rid neighborhoods of nuisance properties that become magnets for drug users, vandals and other minor criminals that further reduce property values for everyone. But this option would clearly have some significant ethical implications, outlined below: Proponents of bulldozing * No one is living in these vacant homes. In most cases, appropriate social services are available for squatters. With every week that goes by, selling the vacant homes becomes less likely. * Literally knocking down houses is the most efficient way to reduce supply. It has worked quickly and effectively in communities that have tested the strategy. Opponents of bulldozing * Using tax dollars to create vacant lost seems a poor choice of limited resources. * In a country with more than half a million homeless people, razing homes does not seem to be an ethical...
Words: 481 - Pages: 2
...organization. Leaders must take action. In the case of the Mysterious Roses and the case of the Cold Feet G BioSport find themselves resolving serious dilemmas. This discuss will address decision-making steps, ethical lenses used to make decisions, and ethical lenses that influence decisions. Ethical issues presented in the simulation The Mysterious Roses and the Case of the Cold feet were two simulation that present different issues with different solution. The Mysterious Roses dealt with a sexual harassment incident with Gayle Dornier a worker with G-BioSport. Gayle was receiving roses mysteriously, and she was not in favor of the gesture. The suspect in question is Bill Witherspoon. The issue is that Gayle wants to speak about a confidential matter. Initially advising Gayle that the conversation will be confidential; however, if it consists of work related issue it may have to be reported. To prepare better, Gayle will need to read the handbook before the meeting. The issue surrounding the Case of the Cold Feet is that someone in the company has copied another division work. After a little internal investigation the reports Phillip Waters gave are definitely incorrect. Division Medical Director; Phillips Waters have given false data on an upcoming article on a research study that has been changed and cannot be replicated. The issue is this is a whistle blowing case. Decision-making steps taken to address ethical issues To derive at a decision...
Words: 783 - Pages: 4
...Rules of Thumb Misha McCulloch March 10, 2013 Rules of Thumb Misha McCulloch March 10, 2013 Every day ethical situations arise. How people solve these ethical dilemmas vary based on each individuals’ ethical thinking, or, Rules of Thumb. My personal tools for ethical decision making are the Golden Rule and going with my gut instinct. The Golden Rule states “do unto others as you would have them do unto you.” The Golden Rule has been a part of my life for as long as I can remember. It was one of my parent’s favorite teachings. As the bossy, older sister, I found it my prerogative to be a diva. Sharing and playing nice weren’t exactly my strong suits. But like most parents, mine would always say, “Would you like it if your sister didn’t share with you?” Luckily for my parents I possess empathy; and therefore this teaching worked rather well on me. I suppose sharing isn’t the worst ethical dilemma, but as time passes you realize how vital implementations of these rules become. For instance, I’ve never cheated on a test. Why? Because if I had spent hours studying for an exam and someone cheated off of my exam I would be down-right livid. I don’t work my butt off just so someone else could skirt by. I would never cheat off of someone else because chances are that that person would have the same reaction as I would. In a more extreme case, murder, theft, and abuse are just a few other things that I would never do. I wouldn’t like any of those things to...
Words: 815 - Pages: 4
...neighborhood where his brother, Owen, lives. Luke knows once the store publicly announces the project in one month the property values for the surrounding neighborhood will decrease significantly. Owen recently told Luke that he received an offer to sell his house at an “okay” price given the current real estate market. ISSUE Should Luke share the information to his brother, Owen, or should he keep his obligations of confidentiality to his company? In this specific case an ethical issue arises from the conflict between a set of good values: honesty and loyalty. Luke has to decide to choose between being truthful to his brother, Owen, or loyal to the company he is employed by. ANALYSIS – APPLICATION OF ETHICAL LENSES/THEORIES Utilitarianism One method Luke can use to make his decision is the utilitarian approach. The Utilitarian approach assumes the idea that a decision is ethical if it benefits a majority of stakeholders. This approach would also require one to evaluate the consequences to each stakeholder and decide which choice would ultimately produce the greatest good for the largest number of stakeholders. In this situation, Luke would have to make his decision after considering the benefits and harms of each choice for all stakeholders. Releasing confidential information to his brother could not only affect Luke’s position in the company but could also cost Luke his job. Luke must consider how his decision could impact not only his own career but also his brother...
Words: 915 - Pages: 4
...Legal Case Study This study is about a 41 year old woman whose name is Terri Schiavo. She was in a persistent vegetative state for 15 years with a brain injury before she died on March 31, 2005. This paper discusses her 15 year ordeal, the effects of it on her husband and family, Terri’s right to die, and the importance of end of life choices. We discuss the ethical and legal issues involved in the decision making of this case. Her husband and family disagreed on how to handle her situation, whether or not to remove her feeding tube. Even though their Terri was in both of their best interest, they could not agree on, would removing the feeding tube be killing her or letting her die? Ethical Importance Terri had left no written instructions as to what her wishes might be if she were no longer able to make her own medical decisions. The only thing that the court and her family had to go on was what her husband and family remembered her saying in conversation over the years. The memories of her husband and family were very different. In the beginning of this ordeal they both agreed that everything should be done for Terri’s survival because at that time there was hope. After a while, when Terri did not appear to be changing, or getting better, her husband believed that the quality of life that Terri had was not the quality that she would have wanted had she been able to voice her opinion. “Michael Schiavo said his wife had said that she would never want to be...
Words: 1209 - Pages: 5
...Ethics in Information Technology Dustin Hughson Kaplan University Introduction Ethical theories date back to the times of Socrates and Aristotle, the problem with ethical and moral theories is that information technology was not even a possibility when first developed. Lines can be crossed and personal ambiguity can help people act bolder then he/she may normally want too. Ethical theories are being used more and more to help the professional and computing world handle the rapid change while government and legislation try to catch up. Law and guidelines have been made, but in the haste to create them many are poorly designed and implemented, hurting people that have seemed to do nothing wrong. Information technology is a global profession and increases the difficulty when dealing with different scenarios. Presented with the same scenario an IT professional in Japan may handle it completely different than another professional in the USA. Setting standards and ideals for all computing professionals is key to the continuing growth of information technology. Legal and Ethical Issues The computing professional faces legal and ethical issues in information technology every day. Many of the biggest issues that IT professionals face include the ever growing concern with piracy and ownership of information. Current laws and regulations allow software and intellectual property to be coved by both copyrights and patents. However the bigger concern is how software...
Words: 2660 - Pages: 11
...Beverly Quaye 12/21/2013 Ethics in Nursing In healthcare, ethical dilemmas arise primarily because of the nature of the work, the nurse-patient relationship and the responsibility of the nurses for the well-being of vulnerable populations, such as the older adult (Beauchamp, 1990). The nurse-patient relationship is where the nurse helps a patient and family go through a stressful situation with compassion and care. Nursing is committed to the health and quality of life of the individual, family, community and profession. Nursing professionals engaged in promotion, prevention, recovery and rehabilitation, with autonomy and in accordance with ethical and legal issues (Pinch & Haddad, 2008). Nursing professionals participated as member of the health team, the actions aiming to meet the health needs of the population and defense of the principles of public health and environmental policies that ensure universal access to health services, comprehensive assistance, resolution, preserving the autonomy of individuals, community participation, prioritization and political and administrative decentralization of health services. The nursing professionals respect life, dignity and human rights in all of their dimensions. The nursing professional has operations responsible for the promotion of the human being in its entirety, in accordance with the principles of ethics and bioethics (Beauchamp, 1990). Case Study At 85, Mrs. Anderson, with stage four cancer of the colon...
Words: 1692 - Pages: 7
...Ethical Dilemmas James Marcel Horsley University of Maryland Abstract Now-a-days it is hard to find yet alone keep a good paying job. When doing so one is faced with challenges on hoe to keep the job or position they hold at their workplace. (Exploring Business, 2014) An ethical dilemma is a morally problematic situation. (Picking between two or more acceptable but often opposing alternatives that are important to different groups) To be ethical means to know right from wrong and to know when you’re practicing one instead of the other. There is no such thing as a perfect business or company, but there are positive and negative ethical people with-in the company or business Ethical Dilemmas Angela’ Ethical Dilemma Angela is faced with having to say loyal to her job and her job positon with WellCare USA and her loyalty with her neighbors that she just helped get a job for the company she works with. At this point she is stuck between the two because she doesn’t want to betray her job but at the same time she cares about her neighbors and how they are going to pay for the new house they just put a down payment on. I would advise her to stay true to what matters most to “you.” Meaning, if you know based on the type of decision you make will determine whether you still have a job or not (depending on the seriousness of the Intel) then you have to do what’s right for you before you ended up without a job. (Exploring Business. 2014) When making an ethical decision in oppose...
Words: 792 - Pages: 4
...Chapter 1 Ethical Reasoning: Implications for Accounting Discussion Questions 1. Select one of the world’s religions and give a concrete example of how the Golden Rule applies in that religion. "Every religion emphasizes human improvement, love, respect for others, sharing other people's suffering. On these lines every religion had more or less the same viewpoint and the same goal." The Dalai Lama Students may use the Internet as resource when researching the use of the Golden Rule in different religions. At websites such as www.religioustolerance.org/reciproc.htm and www.scarboromissions.ca, the comparisons of world religions are made. The students can compare the provided information with their personal views on the Golden Rule. From the Baha’I Faith, “Lay not on any soul a load that you would not wish to be laid upon you, and desire not for anyone the things you would not desire for yourself.” Baha’u’llah in Gleaning (from www.scarboromissions.ca/Golden_rule/sacred_texts.php, February 7, 2010). From www.religioustolerance.org/reciproc.htm (February 7, 2010), Black Elk of Native American Spiritually is quoted “All things are our relatives; what we do to everything, we do to ourselves. All is really One.” Plato also stated, “May I do to others as I would that they should do unto me.” Many students may remember being reasoned with by a parent or teacher on such lines of thinking. Students may remark that the appeal for many charities, particularly those who feed...
Words: 6425 - Pages: 26
...Chapter 1 Ethical Reasoning: Implications for Accounting Discussion Questions 1. Select one of the world’s religions and give a concrete example of how the Golden Rule applies in that religion. "Every religion emphasizes human improvement, love, respect for others, sharing other people's suffering. On these lines every religion had more or less the same viewpoint and the same goal." The Dalai Lama Students may use the Internet as resource when researching the use of the Golden Rule in different religions. At websites such as www.religioustolerance.org/reciproc.htm and www.scarboromissions.ca, the comparisons of world religions are made. The students can compare the provided information with their personal views on the Golden Rule. From the Baha’I Faith, “Lay not on any soul a load that you would not wish to be laid upon you, and desire not for anyone the things you would not desire for yourself.” Baha’u’llah in Gleaning (from www.scarboromissions.ca/Golden_rule/sacred_texts.php, February 7, 2010). From www.religioustolerance.org/reciproc.htm (February 7, 2010), Black Elk of Native American Spiritually is quoted “All things are our relatives; what we do to everything, we do to ourselves. All is really One.” Plato also stated, “May I do to others as I would that they should do unto me.” Many students may remember being reasoned with by a parent or teacher on such lines of thinking. Students may remark that the appeal for many charities, particularly those who feed...
Words: 6425 - Pages: 26
...Chapter 1 Ethical Reasoning: Implications for Accounting Discussion Questions 1. Select one of the world’s religions and give a concrete example of how the Golden Rule applies in that religion. "Every religion emphasizes human improvement, love, respect for others, sharing other people's suffering. On these lines every religion had more or less the same viewpoint and the same goal." The Dalai Lama Students may use the Internet as resource when researching the use of the Golden Rule in different religions. At websites such as www.religioustolerance.org/reciproc.htm and www.scarboromissions.ca, the comparisons of world religions are made. The students can compare the provided information with their personal views on the Golden Rule. From the Baha’I Faith, “Lay not on any soul a load that you would not wish to be laid upon you, and desire not for anyone the things you would not desire for yourself.” Baha’u’llah in Gleaning (from www.scarboromissions.ca/Golden_rule/sacred_texts.php, February 7, 2010). From www.religioustolerance.org/reciproc.htm (February 7, 2010), Black Elk of Native American Spiritually is quoted “All things are our relatives; what we do to everything, we do to ourselves. All is really One.” Plato also stated, “May I do to others as I would that they should do unto me.” Many students may remember being reasoned with by a parent or teacher on such lines of thinking. Students may remark that the appeal for many charities, particularly those who feed...
Words: 6425 - Pages: 26
...Management School, University of Sheffield, UK ABSTRACT The ‘attitude–behaviour gap’ or ‘values–action gap’ is where 30% of consumers report that they are very concerned about environmental issues but they are struggling to translate this into purchases. For example, the market share for ethical foods remains at 5 per cent of sales. This paper investigates the purchasing process for green consumers in relation to consumer technology products in the UK. Data were collected from 81 self-declared green consumers through in depth interviews on recent purchases of technology products. A green consumer purchasing model and success criteria for closing the gap between green consumers’ values and their behaviour are developed. The paper concludes that incentives and single issue labels (like the current energy rating label) would help consumers concentrate their limited efforts. More fundamentally, ‘being green’ needs time and space in people’s lives that is not available in increasingly busy lifestyles. Implications for policy and business are proposed. Copyright © 2009 John Wiley & Sons, Ltd and ERP Environment. Received 12 December 2007; revised 30 June 2008; accepted 4 July 2008 Keywords: ethical; green; environmental; sustainable; consumer; purchase; consumption; behaviour Introduction VERY...
Words: 7596 - Pages: 31
