Ethics in Business Folole Muliaga was a Samoan woman living in New Zealand with her family. In May of 2007‚ Mrs. Muliaga was sitting in her dining room while one of her sons was at the computer. That morning an agent for Mercury Energy visited the home to announce that the power was being turned off. The agent gave the son a disconnect notice which was then given to Mrs. Muliaga by her son. Mrs. Muliaga told her son to ask the man to come inside. The agent came into Mrs. Muliaga’s home but
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The Impact of Unethical Behavior The profession today called accountancy and the professionals today called accountants have been in practice by other names since 4000 BC (Giroux‚ 1999). As long as commerce of any kind in any form exists‚ the profession and the professionals will continue to be in the midst of the business world quietly making innovations that change the way the amassing of wealth is recorded. Most accountants are persons of integrity and ethics. Business ethics has many levels
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root of an ethical company culture cannot be faked or taught‚ but it can be contagious and inspiring. As Jill Young of South University’s School of Business explains‚ "If you act with integrity‚ ethical behavior is just a natural progression." Customer Service The values that shape an ethical company culture influence the relationships that a business maintains with its customers. An ethical company will train employees to treat customers with dignity and respect‚ and to be fair and honest with them
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West Virginia Attorney General‚ Darrell McGraw‚ is suing Capital One for misleading practices in both lending and collection practices. The complaint was filed to the West Virginia’s Circuit Court and it states that Capital One enticed consumers with a repayment plan by mailing out solicitations disguised as new credit offers (Megan‚ 2010). “Capital One offered to provide credit card holders one dollar of new credit if they agreed to transfer the entire balance of a charged off account to the new
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Mind Your Business Manners Where business deals are done at a click of a button‚ is there still the need to meet clients face-to-face? Fortunately for us‚ the face-to-face meeting is still an essential part of business. How then could we best present ourselves to give leverage to such face-to-face encounters and help showcase abilities and enhance our credibility positively? This is where Business Manners come into play. Business has ceased to be a simple affair. It is not merely limited to
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Introduction In the business world today‚ borders are blending and multi-national mergers are causing many company nationalities to become indistinct. As the globalization of markets rapidly increases‚ many companies are finding international expansion a necessity of competition. The world is greatly affected by this movement towards a global market‚ and many companies are finding it extremely important to adapt to other cultures. The most considerable obstructions to successful international marketing
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opening outlets in England‚ Mexico and Jamaica by the mid-1960s. Throughout the 1970s and 1980s‚ KFC experienced mixed fortunes domestically‚ as it went through a series of changes in corporate ownership with little or no experience in the restaurant business. In the early 1970s‚ KFC was sold to the spirits distributor Heinlein‚ who was taken over by the Reynolds food and tobacco conglomerate‚ who sold the chain to PepsiCo. The chain continued to expand overseas however‚ and in 1987 KFC became the first
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The Olympus Scandal Hot Potatoes and Flying Funds Summary This paper describes the case of Olympus‚ a Japanese manufacturer of optic equipment‚ at which in early 2012 a scandal was uncovered which was soon dubbed to be one of the largest loss-concealment schemes of Japan. In the 1990’s‚ Olympus incurred significant losses on financial investments made. These were subsequently hidden with the aid of investment companies by shifting the investments around. In the 2000’s‚ these losses were
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Introduction 2 2. History 3 a. Formation 3 b. Operations 3 c. The Success 4 d. All that glitters is not gold 4 e. The Fraud 4 3. Products 5 4. Enron Scandal – The Company Fraud 8 f. What Happed? 8 5. Techniques used in the Company Fraud 9 g. Revenue Recognition 9 h. Mark-to-market accounting 9 i. Special Purpose Entities 10 j. Executive
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The Watergate Scandal Victoria Daniele Constitutional History May 19‚ 2013 The Watergate Scandal involved a number of illegal activities that were designed to help President Richard Nixon win re-election. The scandal involved burglary‚ wiretapping‚ campaign financing violations‚ and the use of government agencies to harm political opponents. A major part of the scandal was also the cover-up of all these illegal actions. The Watergate Scandal got its name from the Watergate office complex
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