Impact of Unethical Behavior Article Analysis Over the past decade‚ numerous accounting scandals have been revealed. The impact of the unethical behavior exhibited in these scandals caused the companies that were affected to have a huge financial loss for the company as well as investors‚ collapse‚ or become in a financial crisis (Ashe and Nealy‚ 2010). The Sarbanes-Oxley Act of 2002 was passed “in an attempt to codify the ethical behavior of companies‚ their executives‚ and their management”
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4. Why is there a double standard placed on public officials regarding liability for conduct that is accepted when acted by private citizens? In the chapter of “Liability: What Should Be the Consequence of Unethical Conduct‚” it argues from an ethical viewpoint that the double standard applied to the public officials is misleading and that it is necessary to disregard the social status when it comes to determining the consequences of equal wrongdoing. This tendency for the public to
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Unethical Police Operations When a Police Officer abuses his authority‚ it is called police misconduct. Police misconduct is a broad term used to describe police corruption and police brutality which include violations of state and federal laws‚ the violation of an individual’s constitutional rights‚ the abuse of police authority for personal gain‚ excessive force‚ false arrest and imprisonment‚ malicious prosecution‚ and wrongful death. Police misconduct can often lead to the miscarriage of justice
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Are PETA’s Methods Unethical PETA is one of the largest animal rights groups in the world‚ its slogan is "Animals are not ours to eat‚ wear‚ experiment on‚ use for entertainment‚ or abuse in any other way.” PETA stands for People for the Ethical Treatment of Animals. They have many supporters and are known for their very controversial protests. Although PETA is protesting for a good cause‚ many people argue that they are doing it the wrong way. By examining PETA’s arguments it’s clear that PETA
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Introduction Kentucky Fried Chicken (KFC) Corporation‚ based in Louisville‚ Kentucky‚ is the world’s most widespread chicken restaurant chain offering services to more than 12 million customers in 109 countries all around the world. KFC operates more than 5‚200 restaurants in the United States and more than 15‚000 units around the world. KFC was founded by Harland Sanders (Sanders) in the early1930s. He started cooking and serving food for hungry travelers who stopped by his service station in Corbin
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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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INVENTORY – PERIODIC INVENTORY SYSTEM In a Periodic Inventory System‚ no effort is made to keep up – to – date records of either the inventory or the cost of goods sold. Instead‚ these amounts are determined only periodically __ usually at the end of each year. It is used by very small businesses having manual accounting systems. Questions 1 – 3 (Meigns & Meigns)‚ Question 4 (Fess & Warren) Question 1:- Mach IV Audio uses periodic inventory system. One of the
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when founder Sam Walton created Wal-Mart. It has been the place where a lot of people usually do their shopping for the low prices and variety of products. This is why it is so controversial Wal-Mart continues to grow even with the accusations of unethical business practices. Wal-Mart has been accused of sexual discrimination and unfair pay for employees‚ and destruction of small towns‚ excessive amounts of corporate power through the government and how Wal-Mart is turning into a monopoly. With all
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Current and Noncurrent Assets The balance sheet is actually a useful tool for companies. The balance sheet offers a rapid view at the financial position of the organization. The balance sheet shows the assets‚ debts‚ and equity of the business. More valuable‚ the balance sheet shows the existing assets of the organization‚ the noncurrent assets‚ and the order of liquidity. These 3 elements display interested parties the short-term investments‚ long-term investments‚ and the sequence from most
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Unethical Charity in Missouri On a Saturday morning while running errands usually one might notice a few men collecting money at the corner of any two busy intersections. People give the sticky change that has been laying in their car baking for three months‚ to the organization. Little do they know that the money they worked hard to scrape from the bottom of the ashtray in twenty seconds while at a stoplight is not going where they think. A recent investigation found that a firm run by Missouri
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