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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Discussion Board 1/ Week 1 Business Ethics Benji Watson graduated near the top of his class in the Liberty University MBA program and he was recruited by several national corporations. One of those corporations was New Gen Health Sciences. New Gen manufactures and sells various vitamins‚ health foods and health supplements and it was recently featured in Fortune Magazine as one of the fastest growing companies in America. Benji was invited to attend a weekend long “Get to Know Us” event at New
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Cross Cultural Management Chapter Case #1 1. Australia and New Zealand have a very different culture from pretty much every other country in Asia‚ especially when it comes to how business is done. Even though Indonesia has many business opportunities that other countries could take part in‚ such as‚ agribusiness‚ the automotive industry‚ business and financial services‚ construction and infrastructure‚ information and communication technology‚ e-commerce‚ education and training; environmental
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Theory Accounting Case 8.1 Simon Romario (023121023) Purwanto Gozali (02312132) Endah Puspitasari (023121065) 1. The article states that the US standard setter FASB requires companies to record a provision in relation to environmental cost of retiring assets (to reserve environmental liabilities) if its fair value could be reasonably estimated. How do you think companies would go about estimating such a provision? Estimation (or estimating) is the process of finding an estimate
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Class Review for Test # 1 Multiple Choice Questions 1) What sociological phrase is used to describe "opening a window onto unfamiliar worlds" and "offering a fresh look at familiar worlds"? A) the sociological perspective B) the social imperative C) social integration D) social location 2) To be classified as a society‚ what are the two key qualities a group of people must share? A) a common language and a common religion B) a common culture and a territory C) a territory
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Adelphia Case Summary The Allegations: Prosecutors say members of the cable company’s founding family and two former executives looted the firm "on a massive scale‚" spending company funds on personal expenses‚ such as a $12.8 million golf course. The firm has been accused of hiding business relationships between Adelphia and entities tied to the founders and for inflating its financial results. Who’s Who: • John J. Rigas‚ Adelphia’s founder • Timothy Rigas‚ former CFO • Michael Rigas‚
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E1-1 Urlacher Company performs the following accounting tasks during the year. Communicates__Analyzing and interpreting information. Records__Classifying economic events. Communicates__Explaining uses‚ meaning‚ and limitations of data. Records__Keeping a systematic chronological diary of events. Records__Measuring events in dollars and cents. Communicates__Preparing accounting reports. Communicates__Reporting information in a standard format. Identifies Identifies_Selecting economic activities
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List of Assignments-Week 2 Be Sure to submit these assignments by 09/27/2014 on BlackBoard‚ under “Assignment-Week 2. Answers must be labeled properly‚ with all pertinent information. No late submissions will be accepted. Assignment-1 The Procter & Gamble Company (P&G) The financial statements of P&G are Posted in BlackBoard‚ under “Handouts” Instructions Refer to P&G’s financial statements and the accompanying notes to answer the following questions. (a) What type of income statement format
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Forum‚ and to complement the wider and longer-term endeavours of the ISSA to promote knowledge sharing‚ the International Social Security Review has chosen to produce this double special issue on “Social security and the challenge of demographic change”.1 The expectation is that this set of papers will make a contribution to supporting social security policymakers‚ practitioners‚ analysts and researchers in all countries as they work towards developing and implementing tailored policy responses to the
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e-Activity‚ recommend how the SOX framework can ensure reliable and complete financial information and how accounting professionals have benefitted from its use. Provide support for your response. The Sarbanes-Oxley Act of 2002 (often shortened to SOX) is legislation enacted in response to the high-profile Enron and WorldCom financial scandals to protect shareholders and the general public from accounting errors and fraudulent practices in the enterprise. The act is administered by the Securities and Exchange
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