The WorldCom Fraud © 2003‚ 2005 by the AICPA This presentation is intended for use in higher education for instructional purposes only‚ and is not for application in practice. Permission is granted to classroom instructors to photocopy this document for classroom teaching purposes only. All other rights are reserved. Copyright © 2003‚ 2005 by the American Institute of Certified Public Accountants‚ Inc.‚ New York‚ New York. WorldCom’s Background • Awoke the sleeping giant by leading the telecom
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we have read and interpreted from the case‚ the main issue is the ethical criticism of the fast food giant‚ McDonald‚ in Europe. By referring to the case‚ the organizational ethical issues which are filled around McDonald consist of food health‚ ill-treatment of animals‚ exploitation of children‚ and destruction of rainforests. Besides‚ anti-globalization‚ anti-American‚ anti-McDonald’s activism‚ and Europe governments had also been the concerns and ethical challenges for the fast food giant. First
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Q1. Evaluate the ethical issues concerned with the operation management decisions of the IMC plant. 1. Issue of “sweatshop” Condition in IMC plant i. Dangerous and Poor Working Condition The poor layout of facilities inside the plant directly and seriously affected the worker safety. There were several evidences to show that IMC did not provide a safety and proper working environment for its staff and contractors: - Zinc buffer stocks were stored everywhere even blocking the walkways and emergency
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WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on
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line between showing off what you have got and misleading consumers. This action may violate the IMA Guidelines for ethical behavior‚ "competence" and "credibility" especially. For "competence"‚ the firm should provide accurate‚ clear‚ concise‚ and timely decision support. Nokia must not mislead consumers in order to affect their purchasing decision. In this case‚ Nokia should apologize to people and remove all deceitful videos. For "credibility"‚ the firm should communicate information
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“A number of signs indicate a growing interest in ethical issues throughout business…” (Schlegelmilch‚ 1990‚ p. 1). Ethics is what holds people from doing things that are wrong but are still legal. There is a large grey area between law and what is right‚ ethics is what helps us stay out of that grey area. Just like in business there is ethics in baseball. One of the largest ethical issues in baseball is the amount of money that is paid to players every year. The top
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Ethical Issues in Management Ethical Issues in Management The most successful companies know that their ability to succeed is directly influenced by the dedication and excellence of the people they employ. To ensure that they tap into that potential‚ support the employee’s growth and maintain optimal performance‚ managers review their employees’ progress and evaluate their effectiveness in their position. These performance evaluations are most commonly performed on an annual basis
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Ethical Issues in Healthcare Healthcare ethics involves making well researched and considerate decisions about medical treatments‚ while taking into consideration a patient ’s beliefs and wishes regarding all aspects of their health. The healthcare industry‚ above any other‚ has a high regard for the issues surrounding the welfare of their clientele: their patients. This paper will focus on HIPPA‚ confidentiality‚ the efficiency and cost of information systems and doctor-patient relationship. The
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Toys with Happy meal The Ethical Dilemma of McDonald’s McDonald’s currently faces a crisis‚ as parents‚ who objected to the free toys offered with the McDonald’s Happy Meal‚ sued the company. San Francisco passed a law banning free toys with food. In this paper‚ I will address how a corporation responds to a law‚ which challenges the organization’s current policies. I will also assess McDonald’s ethical dilemma of the balancing corporate concerns and community concerns‚ and I will argue they
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Ethical issues relating to the use of the Internet and the implications for managers and business practice. by Mihai C. Orzan Abstract When we address the topic of ethical issues on the Internet we are generally referring at two different matters: privacy and intellectual property. Each has been examined extensively in the last five years‚ since the Internet explosive intrusion in everyday life activities‚ each has an important number of sub fields that require special attention from
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