‘If a business wants to maximise profit‚ it cannot be concerned with corporate social responsibility’ Throughout time‚ humans have continually expressed the fears and concerns of their era through different forms of expression. These concerns have highlighted the plights and struggles of generations and give an understanding to their views of topical issues of their time. An issue prevalent today within our fast-paced and rapidly expanding society is one of Corporate Social Responsibility‚ with booming
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Accounting in the Real World Rachel Benowitz Northampton Community College Abstract This essay explores today’s accounting world and how to get there. When becoming an accountant education seems to be the key factor in preparing you for all the exams you will be taking to achieve your licensing along with personal experience on the job. After years of schooling‚ experience‚ and finally getting your license‚ you may enter the world of accounting and be a responsible accountant. You could work
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A Report on the State of Public Trust A Report on the State of Public Trust A Report on the State of Public Trust The issue of public trust is an issue that is seen in every country. When reviewing Edelman’s Public Trust Barometer I had several questions about what a public trust barometer really was. How does this barometer help businesses? How did Edelman formulate his factional information? Has recent political and financial scandals affected the public
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Conflict Theory: Past‚ Present‚ and Future Social conflict theory was originated by Karl Marx sometime in the 1800s. There are a couple of reasons that are thought to lead to the inception of the theory. Society earlier on in our time works much like it does now. We have a social class system consisting of the have and have-nots. So because of this it creates a balance of power and conflict or struggle between different social classes. The first idea of why social conflict came into play is the
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In book II of Plato’s Republic‚ there is a discussion between Glaucon‚ Adeimantus‚ and Socrates. Glaucon and Adeimantus states that justice belongs to the class of goods‚ which we welcome for its own sake and for its consequences. Glaucon‚ then‚ picks Thrasymachos’ argument‚ that is better to live an unjust life than just life. In this dialogue‚ Glaucon challenges Plato to proof why be just is better than being unjust. For Glaucon human being is by nature competitive‚ for Plato human nature is either
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Ethics are beliefs about good or bed‚ right or wrong. An individual’s values and way of behavior toward society‚ determine whether behavior is regarded as ethical or unethical. Social responsibility is a principle that organizations should contribute to the welfare of groups and individuals in its social environment and not be solely devoted to maximizing profits. These groups and individuals are called stakeholders those directly affected by the practices of an organization. Ethics and social
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As a chairman and CEO of the New York Stock Exchange (NYSE)‚ Richard A. Grasso was earning beyond a reasonable compensation. At the time‚ Grasso was receiving a far greater salary‚ than the median salary of various CEOs from other major corporations. His pay consisted of a base salary of $1.4million‚ along with a bonus that had progressively increased. Grasso was also in control of the compensation committee‚ which consisted of individuals that he had selected himself‚ as well as those he had previous
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“of a particularly sever nature” refers to the amount of money stolen or number of people “hurt” by the crime. What I consider to be a great parallel would be Bernie Madoff‚ who stole billions from investors and was sentences to 150 years in jail‚ which is the maximum sentence he could receive2. This leads me to believe if Bernie Madoff lived in China‚ he would’ve been executed. Although his crimes were particularly extreme in the amount of money he stole‚ he was not violent in any way shape or
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January 14‚ 2013 Ethical Behavior in Business In the business world employers and business owners should know that there is no room to be dishonest‚ or greedy dealing with a business. In reality people need to be held responsible and accountable for making sure that they are holding up and following ethical business practices. There is no reason that any business owner or manager should not follow the golden rule at work just like they would at home‚ treat people the way you want
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Like most business professions‚ there has to be a strong sense of ethics and responsibility. Especially professions like law or public accounting. They must have strong standards of integrity. In public accounting‚ people rely heavily on the information being provided on companies. Any mistakes or intentional cover up will have high costs to the economy and dire consequences. Even though there are laws and standards that regulate auditing‚ it does not completely stop or prevent firms from doing
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