...Principles of Finance FIN 3403 Sections 1-9 Spring 2013 Instructor Information: Scott Besley Office Hours: MW 2:30 – 4:00 p.m. Office: BSN 3134 Voice: 974-6341 E-mail: sbesley@usf.edu Course web page: http://sbesley.myweb.usf.edu/FIN3403/home.html Course Description: This is an introductory course in managerial finance in which you should attain a clear, basic understanding of the essentials of financial decision making. Emphasis is given to the underlying principles of corporate finance and their effects on the decision-making framework faced by financial managers who are charged with maximizing shareholders’ wealth. In essence the course covers topics related to financing and investment decisions—that is, how to raise funds and where to invest funds. The focus of the course is to provide an understanding of the basic tools and techniques required to make informed decisions about which assets a firm should purchase and how such purchases should be financed. When you finish this course, you should understand (1) the general framework for financial decision making, (2) the role of financial decision making in maximizing the value of a firm, (3) in general, how to determine the value of an asset and whether it should be purchased, (4) what is meant by the risk/return tradeoff and how risk and return affect investment decisions, and (5) how external factors, such as financial markets, affect financial decisions made by the firm. You will find that much of the information...
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...FIN3403 Ethics Case: Profiting From Death: “Janitor’s Insurance” (1)The definition of unethical is “not morally correct”. If just going off of that definition alone and not doing any research, I would say yes, that COLI is unethical from reading the case involving employers taking out COLI policies for their employees. After doing research on other examples of unethical business practices, I found some very serious cases, such as Toyota’s example where the company was ignored safety concerns to save money. This caused hundreds of rollover accidents and caused deaths as well. This is clear as day example of an unethical business practice. Now for this case, I believe an employer being able to take out Company Owned Life Insurance (COLI) policies out for their employees is not unethical. As long as the employees are given life insurance as an option under their benefits package, then I don’t see a problem with it one bit. In the case “Profiting from Death: “Janitor’s Insurance””, there is one example that I do believe is unethical. The Stillwagoner family asked the owner of the company where their diseased family member worked, if the company provided life insurance. The owner stated that it did not. A couple of months later, the Stillwagoner family learned that the company had a $200,000 life insurance policy out on their loved one. Lying in general is wrong, but when it involves someone’s death and a family trying to figure...
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