Business ethics is also a descriptive term for the field of academic study in which many scholars conduct research and in which undergraduate and graduate students are exposed to ethics theory and practice‚ usually through the case method of analysis. Ethical behavior in business is critical. When business firms are charged with infractions‚ and when employees of those firms come under legal investigation‚ there is a concern raised about moral behavior in business. Hence‚ the level of mutual trust‚ which
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Assignment4SLopez A situation where I would have to use my financial reserve would be when the engine of the car I commute to work in blew up. I would have to use that money to get a new engine or just buy a new car. I think that it should be saved up for at least 6 months in case you lose your job you have time to get a new one. If I were to get laid off from my job I would have enough money for 6 months expenses. I would have enough time to get a new job. I’d prefer compound interest
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ETHC-445-68329 Massey Principles of Ethics Rehan Ashraf Homework Assignment‚ Week-3 DeVry University Scenario 1 The Mayor of a large city was given a free membership in an exclusive golf club by people who have received several city contracts. He also accepted gifts from organizations that have not done business with the City but might in the future. The gifts ranged from $200 tickets to professional sports events to designer watches and jewelry. Analysis There is no doubt; the mayor is
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two methods they use (1) accrual accounting method and (2) cash basis accounting. The accrual accounting method is what non- profit organization’s use it allows for the organization to keep track of all financial statements‚ cash transactions‚ expenses coming in and going out. All revenue the organization receives the accrual method would create an account for outstands cash flow. The difference between accrual accounting method and cash basis accounting method is how they record their revenue and
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Week 8 / Checkpoint The differences between direct and indirect that they involve the way Cash Flow are from operations of activities. This I do recall is the first part of the Cash Flow Statement. The differences are to each are to follow. Direct Presentation: involves the cash flows in which analyze the company results and uses of cash. There are three parts that report cash receipts and cash payments. These parts are operations‚ investments‚ and finance transactions. Operating transactions
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Ethical investments are similar to traditional investments with only one difference. Both traditional and ethical investors pursue the same goal of capital gains‚ higher income and/or preservation of capital for future needs. "The major difference between traditional investors and ethical investors is that ethical investors do not want their investments going for things that cause harm to the social or physical environments. Instead they want their investments to support needed and life supportive
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Ethical Perspective The ethical perspective of an individual has a profound affect on how he lives his life. Ethical perspective can be that of character‚ obligation‚ results‚ or equity; or C.O.R.E.. An individual may fall into one of these perspectives or may be blended between two or more. An individual’s ethical perspective can be reflected in the culture of their organization and determines how they handle ethical situations on a daily basis. My personal ethical perspective is substantially
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WHY PROFIT DOES NOT EQUAL CASH Why is profit not equal to cash coming in? Some differences such as loans received which do not impact the profit and loss statement are pretty obvious. Others may not be as obvious but you can break them down into three main areas: - Revenue is booked at sale. In many cases a sale is recorded for accounting purposes in the profit and loss statement when a company delivers a product or service. In many cases‚ no cash has been exchanged at the time of
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Humor and Healing: The Mind-Body Connection "As it is not proper to cure the eyes without the head‚ nor the head without the body; so neither is it proper to cure the body without the soul." Socrates(Cousins‚ 56) The word‚ to heal‚ comes from the root word "haelen" which means to make whole. Bringing together the body‚ mind and spirit can be healing. The word humor itself is a word of many meanings. The root of the word is "umor" meaning liquid or fluid (Moyers‚ 221). In the Middle Ages‚ humor
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THE CONCEPT OF ETHICAL OBLIGATION Name Institution Instructor Course Date The concept of ethical obligation Ethical obligations are rules and laws by which people are expected to live and adhere to in order to undertake a profession. Most professionals as George tenet belonged to professional organisations which‚ among other things‚ are able to discipline people for interfering in the ethical obligations and suspend or expel them from practice if the interference is serious
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