WHAT IS ETHICS and ETHICAL REASONING CHAPTER 1 What is Ethics? • Deals with what is right or wrong in human behavior and conduct • Comes from Greek “ethos” meaning character – to the individual character of a person or persons. What is Ethics? • Ethics has to do with questions relating to the fairness‚ justness‚ rightness‚ or wrongness of an action. • What is the right thing to do in this situation? Example • What constitutes any person or action being good‚ bad‚ right‚ or wrong‚ and how do
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Kiddieland and the Super Gym (CASE 1.1) Esmerlyn Rosario Transportation – TRA 1154 Professor Robert Ulino Broward College October 30‚ 2014 http://www.eauc.hk/show.asp?id=67 Question: 1. List and discuss the advantage and disadvantage of purchasing a two-wheeled for each store to use for delivering Super Gyms. The advantages of the purchase of a two-wheeled trailer are that clienteles may bring their Super Gym home securely‚ and the trailers might be used for merchandises. However‚ the disadvantage
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Question 1 - Risks surrounding the identified accounts The Audit of TNO Ltd has highlighted number of risks. The risks highlighted in the audit are discussed throughout the report. Below is a table of the risks and tests to carry out‚ based on the five accounts highlighted as being of risk. The common assertion that is common to the five accounts is valuation and allocation. Account Assessment of Risk Substantive audit procedure Accounts Receivable Account Receivable has increased while sales
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Case 6.1 Psychological Testing at Dayton Hudson This case is based on psychological testing for prospective employees at a Target store located in California‚ during 1989. The test in question is a combination of two standard tests given to applicants in public safety positions such as a prison guard. Once the test is complete the consulting psychologists rate the job seeker on the following traits: emotional stability‚ interpersonal style‚ addiction potential‚ dependability‚ and rule following
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Case 5.2 Conflict of an Insurance Broker An insurance broker firm‚ Ashton & Ashton secures insurance coverage bids based on their client’s individual needs. The broker gets compensated for their services based on an industry average of 10 to 15 percent. An additional way they get paid is founded on the contingency payment made annually by the insurance provider which is established on the past years volume of business. Ashton & Ashton is presented with a potential conflict of interest situation
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Alcoa Inc. For the quarter ended 30th September 2015‚ Alcoa Inc. reported revenue of $ 5.6 billion which was 11 % below that reported for the same period last year. The main reason behind this decline in revenue was the divestiture and closure of low margin business and the dent that aluminium price have continued to take in the most recently ended quarter. The net income was $ 44 million down from $ 149 million of third quarter 2014. Adjusted net income was $ 109 million translating into an EPS
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President‚ and the others that argued. This is because each one of these people and groups are affected by the outcome of the decision that is made. B) What are the ethical issues involved in this situation? Some of the ethical issues in this case are to be honest and have integrity on how they go about the situation. They need to make sure that whatever decision is made it has to be fair and the best choice for the company. They need to make sure to not take side roads and lie about what the
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I. Case Summary/Introduction This case study is about is about an Internet Company named Google. Google is a well known search engine that wants to step up an operation in China. Because of the strict laws and government in China the executives are finding it very difficult to launch this service within the country. II. Identification & Analysis of Issues The issues identified in this case study are the controversy with Google promoting the website in China and unhappy stakeholders (business
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CASE 01 - MYSTIC MONK COFFEE 1. Has Father Daniel Mary established a future direction for the Carmelite Monks of Wyoming? What is his vision for the monastery? What is his vision for Mystic Monk Coffee? What is the mission of the Carmelite Monks of Wyoming? Father Daniel Mary Has Established a future direction for the Carmelite Monks of Wyoming. His vision for the monastery is to transform their small brotherhood of 13 living in a small home used as a makeshift rectory into a 500-acre monastery
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Bradley Miller 2/12/15 Seminar of Finance Case Study Ethics in Finance 1. Have I defined the problem correctly and accurately? Answer: The problem was that the WorldCom Company was falling farther and farther into debt and they needed a way out of this hard time. The CEO came to us with a plan to turn the company or in reality to make it look as if the company was headed into the right direction‚ when in fact it was not. The plan was to use other accounts that have holding money in them for other
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