Business Ethics Test Questions with Answers Essay

2. Laws must be static and unyielding in order to provide stability for a society.

Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,

What is principle of justice in acquisition? Our book gives us an analogy concerning basketball player, Wilt Chamberlain that was used by Nozick. The idea

4. (TCO 4) Which of the following economies is NOT considered a mature market economy?

a) Providing a record of actual work performed, which provides assurance that the auditor accomplishes the planned objectives.

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Webster’s Dictionary defines ethics as “a set of moral principles: a theory or system of moral values.” (Merriam-Webster, Incorporated, 2011). Every person has ethics that he or she lives by, but sometimes in the business world many unethical business transactions occur. People do not realize that sometimes the statistics that he or she are fed have been falsified in order to get him or her to purchase a product or lure him or her in to participate in via false promises.

an action can't be right if the people who are made happy by it are outnumbered by the people who are made unhappy by it.

A proctor is in charge of proctoring an examination of a student, in other words; a person who is responsible for watching over a student who is taking a final examination. This process is to determine and to validate the ability of a student’s competence when the standard practice of test administration is required. This can also be seen as evidence of a student’s integrity without further doubts when he or she is enrolled in distance learning education. At University of The People, each degree program has its own number of exams that are to be proctored. Therefore, each student must take all proctored exams required to successfully graduate.

With stores like these many people are in and out everyday so we would be reaching a large audience with many different age ranges. We can also sell online with Target’s, Best Buy’s, and Walmart’s websites. In addition, to those websites we can also sell on amazon. We could also sell in stores like Verizon, AT&T, T-Mobile, and Apple. Those being big name brands and thousands of people shopping in those stores everyday looking to by new phones could want a new booth tooth speaker to play their music. Also with these stores when they by a new phone they could get a speaker for half off. Even thought that is more promotional that would be the benefit of selling in those stores. Some factors that I look into consideration and why would should sell in these stores is one all the different thousands of people that come in and out of those store everyday. In addition, these stores are country wide and some even world wide so there is so much room for expansion in not only into different regions of the US but different

Therefore, Market West accepted the corporation stock as partial debt. Hooper and Yoder agreed to add Brian Bradley who worked for Market West as the third director. Hooper colluded with Bradley and violated a fiduciary duty to Yoder by issuing 95 shares of stock to himself, 5 shares to Bradley, and none to Yoder. Furthermore, Hooper got paid $141,000 salary from the business without Yoder knowing. More importantly, Hooper and Bradly voted to force Yoder to leave the corporation. After Yoder found out that Hooper broke their agreement, violated Yoder’s rights and duties, acted dishonestly, and made unethical decisions, Yoder sued Hooper and Beautiful Daydreams in the District Court. Under the common law, with these facts, the court supported Yoder and ordered Hooper to give back one-half of the salary plus one-half of the shares of stock to Yoder.

Do you think that ACO can succeed in helping reduce healthcare cost, increase quality care and manage provider risk?

B) I think the auditors should have equal responsibility for detecting material misstatements due to error and fraud. It’s their job to make sure the financial statements are as accurate as possible. Although it may be hard to check all the information from a company it’s the responsibility of the auditor to sign off that everything is in check.

2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have

The auditor’s responsibilities are to audit annual financial statements and internal controls over financial reporting, and reports from the 10-Q quarterly reports. The auditor must also advice on new accounting pronouncements, and consolidating financial statements. (Intel Proxy Statement 2011, 48)