ACC 406 1. What is the ethical issue in the case? Samuelson‚ one of the most important clients at B&C is stressing to the firm that he wants the firm’s expertise to help reduce taxes on his accounts. Peter‚ a tax partner who is a more inclined risk taker has taken on the project‚ but his methods are proving to be illegitimate. He is claiming that top clients do not need third party verification on their tax information when other clients are required to have this verification. Jessica has looked
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The institutionalization of business ethics: ethical dilemma case Laws and regulations are established by governments to set minimum standards for responsible behavior-society’s codification of what is right and wrong. The issues surrounding the impact of competition on business’s social responsibility arise from the rivalry among businesses for customers and profits. Intense competition sometimes makes managers feel that their company’s very survival is threatened. In these situations‚ managers
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Ethical Case Study Ethical decision making in healthcare are guidelines used to assist nurses in carrying out their responsibilities in a manner that is consistent with the ethical standards regarded in the profession. The standards are in place to hold the professionals accountable and maintain the quality of nursing care in an ethical manner (code of ethics for nurses). There are situations that arise during a nurses daily task that may require him/her to make independent decisions that
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November 28‚ 2007 Ethical Dilemma Ethics is often defined as a major branch of philosophy‚ the philosophical study of moral values and rules which encompasses the right conduct and good living. Simply phrased a set of moral principles or values is considered to be a broad definition of ethics. Ethics is more of a subjective distinction between what is good or bad; not what is legally right or wrong. People differ within their moral principles and values because of their different life experiences
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Merck Case Study October 14‚ 2008 Relevant Facts: Merck was one of the largest pharmaceutical companies in the world. • Merck was about to lose patent protection of two of its best selling drugs‚ which had been a significant part of their $2 billion annual sales. • Merck began putting millions of dollars into research (up to $1 billion) and within three years‚ Merck was able to discover four powerful medications. • Profits weren’t all that Merck cared about; Merck’s founder believed
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Case 3-33 (45 minutes) 1. Explain how shaving 5% off the estimated direct labor-hours in the base for the predetermined overhead rate usually results in a big boost in net operating income at the end of the fiscal year. Shaving 5% off the estimated direct labor-hours in the predetermined overhead rate will result in an artificially high overhead rate. The artificially high predetermined overhead rate is likely to result in overapplied overhead for the year. The cumulative effect of overapplying
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An ethical dilemma ‘arises when there ’s a conflict between moral rules or when one is violated’ (Gale‚ 2010). National Kidney Foundation (NKF) is a Voluntary Welfare Organisation (VWO) which most of the funding’s come from the general public who are the ‘principles’ while Mr TT Durai is ‘agent’ engaged by ‘principles’ to make managerial decisions of NKF‚ according to Agency theory (Jill‚ 2010‚ p. 9). Conflict of interest arises when Mr TT Durai maximised his self-interest by falsely reported financial
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year of service Mike‚ Loss Prevention/Security Manager in the same store‚ ten years of service Todd‚ a salesman in the jewelry department‚ three years of service. One month has now passed since a diamond-studded watch was noticed missing from the cases in the jewelry department of this retail store. External theft has already been ruled out‚ and Mike has been studying the videotapes made by closed-circuit TV that day. Mike comes into Susan’s office to report his findings from the investigation of
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Paul Cronan and New England Telephone Company Case Analysis Legal Case Analysis Facts: Paul Cronan was a long-term New England Telephone Company (NET) employee (1973 - 1986)‚ assigned at South Boston. Paul was diagnosed with AIDS Related Complex (ARC) in 1985. Paul informed his supervisor about ARC when asked about his third request to leave work for a medical appointment (1985). Paul had a poor attendance history. His tardiness and medical appointments concerned his supervision
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Ethics is a moral philosophy that dictate the good and bad determined by a person. Business implementation of this action may be beneficial‚ but when an ethical issue is involved‚ consequences of making such decision may be alarming. There are many types of ethical analysis utilized when making a decision‚ but utilitarianism is unique in its particular way. Utilitarianism‚ a theoretical approach to ethics‚ calculates any decision as accurate if the result benefit the majority of the people. The
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