Discussion #3
Question #1 Answer:
My thoughts on this case are that the supplier is trying to bribe Jim so that they will sell 20% of his supplies from Avery, so, Jim will get a free vacation for him and his family and that this scenario is unethical. I also think that even thought not giving an employee is illegal, it is still not right, especially when Jim is the top performing purchasing agent for Hooks Incorporated. Also, with Avery Company bribing Jim with a free vacation not only is unethical, but in most companies is against company policy. Another thing is that now Avery Company is getting into Jim’s personal life, which should be separate from work, especially with a supplier. Therefore, my thoughts on this case are that the supplier is trying to bribe Jim so that they will sell 20% of supplies to him from Avery Company and that is unethical.
Question #2 Answer
This decision made by the manager to not fix a $1500 mistake made by the bank in Parry Company’s favor is unethical in my opinion as it will mess up more than one company’s records. Any manager of a company would want their records and bookkeeping to be as
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A code of conduct lists the way the organization’s employees are supposed to behave and treat others along with what is right and wrong. Once they sign the paper stating the code of conduct and that by signing they agree to follow it, they know that if they choose not to than they can get written up and/or fired depending on what happened. This way they know that the organization is watching it’s employees with the way they behave and the consequences if they do not choose to behave ethically. Therefore, for the above reasons I believe that having a written code of conduct will reduce fraud and other dishonest acts in an
A code of ethics is a vital for any business, because if breaches of ethics accrue it can put companies in serious trouble with consumers, other organizations or government authorities. Making a code of ethics helps decision-making easier at all levels of an organization by reducing doubt and considerations of individual viewpoint in ethical standards.
These actions created an unethical environment, while the corporation had ethical values stated for employees to follow. However, management created pressure to meet goals causing employees to falsify accounts to meet their targets.
A code of ethics is a formal document in which is used to assist members of an organization, to know what’s ‘right’ and what is ‘wrong’ in the work place and applying it to their decisions. A code of ethics is a written set of rules or guidelines to help the workers and management ‘conduct’ or direct their actions with its primary values and ethical standards. A code of ethics is important because without it, employees and management wouldn’t have guidelines and the establishment would resemble a crazy house. Consider the establishment, Dunkin Donuts. Dunkin Donuts is a food establishment well-known for their famous donuts, coffee and their slogan “America runs on Dunkin”. Without a code of ethics, the industry would most likely be
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A code of conduct and a statement of formal statements describe and explain what an organization expects from its employees and a code of ethics generally consists of statements that serve as principles and basis for rules of conduct. Leaders and managers must be role models for organizational success. If employees see leaders and management demonstrating the organizational values then it adds to the commitment and credibility of leadership and reinforces the importance of the organization’s values which leads to employees who are more engaged and committed to the organization. Also turnover among employees tends to be lower and productivity tends to be high. On the other hand, if leadership demonstrates behavior that is inconsistent with the code of conduct then a negative message is sent to the employees. Therefore, employees may disengage and compromise company standards as seen in the
Mr. Killam who was hired and created the Board of Managers stated that a majority of family business are run in terms of using company money for personal expenses, but those funds should be repaid back. If Mr. Packo III and Mrs. Dooley did not pay back those funds, then I believe there was a unethical behavior as that is not fair to Mr. Horvath. Those expenses should be paid back as it was the individual who incurred the expense and not the business, thus the business should not have to incur the
Businesses and companies rely on a well formulated code of conduct in order to function in a proper and sophisticated manner so the the business can prosper and reach its maximum potential. The company can grow while protecting the customers and business through a set of laws and policies, making the company profit all just
Part II Estimate the business value using BizStats. –Valuation Rule for Sporting Goods Store at BizStats.
A code of ethics highlights the responsibility and accountability standards of each and every employee within the organization. These codes are also motivating factors that guide the employees’ behavior, set the standard regarding ethical conduct, and build an organizations trustworthiness within
In trying to identify the agents that were paid off by SNC, the board members found that they were unable to contact some of the agents or to identify their true identity. This breach in the company accounting ethics occurred as a result of material weaknesses in the company's internal controls over their financial reporting which allowed the CEO to sign off on these transactions without informing the company chief
The case study I choose was Pao v. Kleiner Perkins a sexual discrimination case brought by a former junior partner at the venture capitalist firm of Kleiner Perkins Caulfield & Byers LLC. Ellen Pao alleged she was discriminated against on the basis of her gender when the firm failed to promote her to general partner status. To support her claim, Pao pointed to the promotion of several of her male colleagues. One such colleague, with whom Pao had a relationship, allegedly subjected her to retaliation following the conclusion of their consensual sexual relationship. Pao blamed her lack of promotion on the allegedly rampant sex discrimination throughout the firm, which allegedly included holding all-male dinner parties and ski trips, asking female partners to take notes during meetings, placing male partners on significant accounts and boards in lieu of women, and excused sexual harassment from male partners.
When looking at the business needs, the person that one would choose for the board would be Carman Diaz. When looking at her file she meets all the requirements that are needed for the Board of Trustees to be successful, in a business that needs to be effective since it is dealing with people’s lives. Furthermore, Carmen has the buy-in of the doctors that have nominated her for being on the board, which can play a big role when trying to change or choose policies that will drive the business to be a profitable one.
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The code of ethics and conduct is a written set of rules and regulations that provides guidance to employees of an organization on how to conduct themselves and carry out their duties in line with the organization’s principles. The code of ethics and conduct is also be backed up by suitable disciplinary actions. A code of ethics and conducts helps employees deal with ethical issues and other gray areas that they face as they execute their daily activities. An effective code of ethics and conduct is required for an organization to run smoothly and maintain a positive image. Having an ineffective code of ethics and conduct is almost like having none.
Next, you find that all of the salespeople are paid a straight salary, and all receive exactly the