business ethics | a specialized study of the moral standards that apply to business policies‚ institutions‚ organizations‚ and behavior. | consistency requirement | the necessity of moral principles to be applied the same way to everyone in similar circumstances | ethical relativism | the theory that morality varies according to culture and/or time. | Ethics | the study of morality or the moral standards of a society or an individual. | law of agency | a law that specifies the duties of persons
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that are way too high‚ less than quality products‚ or make claims made that are simply not true. I shudder at the scam business opportunities that prey on people who are desperate for a better way. This is not the way to please people or God. Christian business ethics must include honesty‚ fairness and treating others with kindness and respect. I believe these are the basics‚ but if we really want to run our businesses on Biblical principles‚ we should go beyond the basics. What about outstanding
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Ponzi scheme; he issued certificates of deposit at an offshore bank that he controlled and illegally used the investors’ funds. These CD’s were appealing to investors due to their high returns of nearly twice the average rate of return of investments in U.S. banks. Investors were led to believe that these CD’s had such high returns because they were being invested in corporate stocks‚ real estate‚ hedge funds‚ and precious metals (BusinessWeek). The SEC eventually uncovered Stanford’s fraud in 2008
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Torture “To torture or not to torture” – the main topic in debate between Charles Krauthammer and Andrew Sullivan is whether torture should be permissible under certain circumstances or never at all. The debate of torture between Krauthammer and Sullivan began three years after the Bush administration defined “torture” in the narrowest terms – the permitted coercive‚ physical abuse of enemy combatants if the military necessity demands it. (317) Krauthammer discusses extreme situations that
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Ethics is at the base of everything that we do in life. Anytime we find ourselves at a moral crossroads with no obvious answer‚ we use ethics to determine the best outcome. Of course‚ decisions that stem from ethics are not always black and white‚ since everyone has different life experiences that form their ethical principles. For example‚ while my neighbor may not find it necessary to volunteer within our community‚ I believe that it is my moral duty to give back to those around me. With the use
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1. An audit charter should: A. be dynamic and change often to coincide with the changing nature of technology and the audit profession. B. clearly state audit objectives for‚ and the delegation of‚ authority to the maintenance and review of internal controls. C. document the audit procedures designed to achieve the planned audit objectives. D. Outline the overall authority‚ scope and responsibilities of the audit function. Answer:_____D______________________ 2. Which of the following
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Name Institution: Course: Date: Financial Statement Analysis for Nike Nike Corporation released its financial statement for the year ended May 2014. Nike Inc. is a sports apparel manufacturing firm with diverse interests all over the world. The financial statements suggest a strong company whose stocks are not undervalued‚ but with the potential of exploding higher having shown sustained strengths when the Europe‚ American‚ and Chinese economies were at the brink of disaster. Despite sustaining fluctuations
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About Nike Case 6.1: How to Make Money (D) – Near Automatic Phil Knight and Bill Bowerman started their company with a vision of serving the athlete. That vision was shared by their first employees‚ who were committed to the company but who needed more detailed directions: They needed to know what was appropriate and what wasn’t when it came to conducting company activities. Knight responded by issuing a list of guiding principles at a crucial time in the company’s history. It was 1977‚ and the
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Hitting the Wall: Nike & international labor practices How well and how responsibly do you think she has handled these issues to date? What advice would you give her about how she should now proceed? What principles should guide the company’s policies and practices? What opportunities‚ constraints‚ and risks does the firm face? What are the scope and limits of its social responsibilities? There are two aspects to look at how Nike has acted: 1) The intension with which it has acted:
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Nike What are the pros‚cons‚ and associated with nikes core marketing strategy? Nike’s excellence marketing strategies are their energy to achieve their market goals. Nike believes the "pyramid influence" that the preferences of a small percentage of top athletes influence the product and brand choice. PROS OF NIKE’S CORE MARKETING STRATEGY: Nike put heavily proportion in their marketing strategies and products deign. In order to sustain their dominance in the industry and retain their
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