5. The Key Study Areas are as follows….. * TCO A -Business ethics: Three layers of Business ethics: * 1) Basic values (honest, keeping promises) * 2) Notion of fairness (how do we treat others?) * 3) Issues related to community, environment, neighbors Business ethics considers fairness and morals standards amidst the pressure of earning a profit and providing returns to shareholders. Sometimes we may have business ethical tensions where Employee has personal economic
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Recommendations and Guidance for VTC Enterprises David Vasquez California State University, Long Beach PPA-525 – Tuesdays Presented to: Dr. Sundstrom December 4, 2012 Final Paper Overview of the nonprofit sector The nonprofit sector is the collective name used to describe institutions and organizations in American society that are neither government nor business. (“What is the Nonprofit”, n.d.) Outside the United States, nonprofits are often called nongovernmental organizations (NGOs)
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INTRODUCTION This report focuses on the identification of the aspects of contract and negligence for business. There are agreements and contract in every business in recent than before. Verbal agreements are usually no longer used by the businesses. Written agreement in the form of contract is ore preferable to all. But, the profitability of contract is incomplete if the regulations and aspects are unknown. Well acknowledgement of contract in business provides a legal documentation securing the
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Wether OB has taken on and breached a fiduciary duty to either, or both of SB and MPL, ultimately depends on the nature of its relationship at any given time with the parties in question. For this I consider the situation with each of the counterparties to OB individually, and throughout the various stages of the financing deal. Relationship with MPL A fiduciary relationship is one of confidence and trust whereby one party assumes particular obligations to act in good faith and not against the interest
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Samaritan Center, Inc., 555 P.2d 696 (N.M. 1976) FACTS: Zelma Mitchell’s employment at Lovington Good Samaritan Center, Inc. was terminated for alleged misconduct. The alleged misconduct included refusing to administer medication as part of her duties, singing while counting medication which is unethical as it is a distraction, coming to work out of uniform on more than one occasion, filling in time card without having worked the hours recorded, and the “last straw” was being combative towards
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The same internal control objectives apply to manual and computer-based information systems. ANS: T PTS: 1 6. The external auditor is responsible for establishing and maintaining the internal control system. ANS: F PTS: 1 7. Segregation of duties is an example of an internal control procedure. ANS: T PTS: 1 8. Preventive controls are passive techniques designed to reduce fraud. ANS: T PTS: 1 9. The Sarbanes-Oxley Act requires only that a firm keep good records. ANS: F PTS: 1 10
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the protection or assistance of another. Legal duty means conforming to a certain standard of care for the protection of others against unreasonable risks. There is a duty of due care that the law recognizes one person owes to another. This duty may arise from a contract, a statute, common sense, or a special relationship the parties have to one another. Regarding students, the courts have found that schools and their employees have the duty to supervise students, provide adequate and appropriate
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In June of 2001, Jeffrey Skilling was referred to as the “Number 1 CEO in the entire country” and the company that he represented, Enron Corporation, was considered to be “America’s most innovative company. A short Six months later, the company filed for bankruptcy and took billion worth of shareholder money with them. The downfall of the Enron Corporation in 2001 had far reaching effects that are still felt to this day. Employees, shareholders, auditors, executives, the public and many other stakeholders
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Responsibility Dr. DoRight has recently been hired as the President of the “Universal Human Care Hospital”, where he oversees all departments with over 5,000 employees and over 20,000 patients at the medical facility. He has been provided with a broad set of duties and oversight of numerous departments, including business development, customer services, human resources, legal, patient advocacy, to name a few. He has managers in each department that he supervises and who work with him to address the needs of
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corporation) with a shareholder agreement that specified the following. First, in order to be a director elected to the board, an individual must own at least 100 shares of the company. Second, anyone holding at least 300 shares in the company must be elected to the board if they personally put their name forward as a candidate and they are legally qualified to serve. Third, the Board of Directors must authorize any proposed sale of shares to any individual who is not already a shareholder. And
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