Business Ethics Introduction Business ethics is an important aspect of any organization‚ and all successful organizations adhere to business ethics. Business ethics ensure that organizations adhere to moral and ethical principles as they undertake their day to day operations. Business ethics ensure that organizations and employees conduct business while following ethical principles. It also enables organizations solve challenges they experience while following moral principles. Corporate
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Corporate Fraud Falsification of financial information of public and private corporations‚ including: False accounting entries and/or misrepresentations of financial condition; Fraudulent trades designed to inflate profit or hide losses; and Illicit transactions designed to evade regulatory oversight. Self-dealing by corporate insiders‚ including: Insider trading—trading based on material‚ non-public information—including‚ but not limited to: Corporate insiders leaking proprietary information;
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LAW 421 - QUIZ 3 CONTRACTS AND AGENCY Save this quiz on your computer and work on it during the remainder of the week. Make sure to save your results each time you make a change as well as save the quiz with your final answers. There are 25 multiple-choice questions. Identify the letter of the choice that best answers the question. When you are sure that you have answered all the questions to the best of your ability‚ mark your answers on the Answer Sheet provided. Click the Assignment
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Corporation found itself suing Touche‚ Niven & Co. for fraud & negligence to recover $165‚000 lost in the agreement. When reviewing the case thoroughly‚ there are various red flags‚ overlooked by Touche Niven that should have been clear indicators of fraudulent reporting by Fred Stern Co. Firstly‚ when commencing the audit in February‚ Touches’ auditor Siess had to complete the general ledger & trial balance himself. It had not been posted since the prior April. This resulted in him reviewing some of
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Business Law Lecture 1: Separation of powers: Sources of Law: Common Law judge made law / case law Statutory Law Parliament Parliament: Government Parliament Bi-cameral < State Parliament Government Parliament Upper = Senate Lower = House of Reps State Parliament Upper = Legislative Council Lower = Legislative Assembly Interpretation Of Law: 1. Literal approach (gives literal interpretation to statute’s words) 2. Golden Rule (avoids interpretations that cause absurdities)
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1. Express and Implied Terms The content of a contract are made up of terms (or ‘clauses’ as they are called in the case of written contracts) which may be express or implied. The express terms are the terms which the parties actually stipulated for themselves when making the contract‚ whether orally or in writing. In addition to the express terms‚ the courts sometimes‚ for a variety of reasons‚ imply certain terms into the contract. Implied terms are terms that are not expressly stated in the
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this cycle. The most common schemes where fixed assets are subject to manipulation include booking fictitious assets; misrepresenting asset valuation; and improperly capitalizing inventory and startup costs. One of the easiest methods of the misrepresentation of fixed assets is booking fictitious Assets. Booking fictitious assets affects account totals on a company’s balance sheet. This fraud can be overlooked because company assets are often physically found in many different locations. Another
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Issue “The mere existence of the core elements of offer‚ acceptance‚ and consideration will not guarantee a legally enforceable contract”. Discuss. A contract is an agreement which normally consists of an ’offer ’ and an ’acceptance ’ and involves the ’meeting of the minds ’ or consensus between two or more parties with the intention to create a legally enforceable binding contract. Therefore in this essay‚ the four core elements needed for the formation of a contract such as offer‚ acceptance
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* IPAAC * Issues e.g. whether there was a breach of duty * Principles e.g. Breach if burden of harm was not great * Authorities e.g. Woods v Multi sport holdings ltd * Applications e.g. The burden of using helmets was significant * Conclusion e.g. there is no breach Law of Contract Terms of the contract * Express terms * Terms stated and agreed to by parties * In simple cases‚ terms stated in offer * Eg‚ $ reward for cat
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Marketing Term Paper Principles of Marketing MKT 2423 Angela Hanson Deceptive Advertising Deceptive advertising has been around since the beginning of time and still prevalent today. Sometimes it is done unknowingly by an advertiser‚ however more often than not; it is done with the intent to mislead the consumer making deceptive advertising a relevant marketing ethics issue. Deceptive advertising is a growing trend among business in our society. This trend includes directly trying to deceive consumers
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