Joe Kang: Audit Partner For Lee & Han, LLC

There are four types of egoism (ETHICAL EGOISM). The first is Psychological egoism and it is the view that humans are always motivated by self-interest. An example of this is …….. The second is Ethical egoism. This is when you should do something that is in your own self-interest. An example of this is performing a task for someone because you are getting paid to do it. Third is Individual ethical egoism. It states that everyone should act in their own best self-interest. An example of this is a policeman. He/she believes that they should do what is in their best interest just because of their role in society. Finally there is Universal ethical egoism. It states that everyone should always act in their own best self-interest, regardless of the interests of others, unless their interests

The ethical dilemma happened because the leadership within the company

Appendix A.2 also lists several factors that could provide opportunities for management/employees to commit fraud. One factor that could lead to fraud is if, “There is ineffective monitoring of management as a result of: domination of management by a single person or small group without compensating controls.” The auditors should have taken notice of the lack of controls and segregation of duties with respect to Phar-Mor’s

Management is often faced with ethical dilemmas that have no clear cut correct answer. In our case study, (1)Desperate Air, George Nash, Vice President of Real Estate faces a conflict of values similar to the CEO in Seglin’s article, “How to Make Tough Ethical Calls”. They both want to tell the truth and they want to protect their companies, their investors, their employees, and their own livelihood. Neither Mr. Nash nor the CEO conducted a through examination of the problem they faced. I believe the decision to remain silent made by both Nash and the CEO to be short sighted, based solely on short term profit, and would not have been the route I would have taken.

When looking at the ideas of egoisms, two major views come out in the form of psychological and ethical egoism. While both of the views hinge on the idea that everybody acts in their own self-interest, the major separator is that ethical egoist views their pursuit of their personal gain morally right (106), even if they have to kill or steal for it, compared to the psychosocial egoist who just state that the only thing that motivates humans is their self-interest while the moral standings stay the same (91) 1. And while some ethical egoists and also psychosocial egoists it is not prerequisite. The major issue is the definition of psycho egoism, that the only motivation of humans is their self-interest denying altruism, this ideal is false.

It was also very unprofessional for him to send out an email to his entire sales team on Christopher’s scheme on how he got the Armadillo Gas & Power account. I would definitely reprimand Christopher on his unethical and deceiving behavior towards Mr. Landry. However, I would not fire Christopher because the manager said it was “brilliant” (Humphreys, Ahmed & Pryor, 2009) on how Christopher landed the account in the first place, which gave Christopher the impression that it was okay for him to act this way to potential clients. I think the CEO should also conduct an ethics course showing his employees that they do take ethics seriously and do not expect this type of behavior to happen again at their company.

“Egoism is the normative idea that each person ought to pursue his or her own self-interest exclusively” (Rachels 77). In other words, what makes one’s actions moral is if they are acting in their own self-interest only. It is the radical view that states that one’s only duty is to promote one’s own self-interest. This theory does not suggest that one should act in their own interest as well as others best interest, but, according to Rachels, there is only one principle to follow and that

(Panza & Potthast, n.d.) Ethics is very important to a company’s success. Ethical behavior can bring benefits to a business. They can attract customers, which can lead to a boost in sales and profits. It can attract the right employees and increase productivity. It can also attract investors and keep the company’s share price high. Unethical behavior on the other hand can damage a company’s reputation and make it less appealing to stakeholders. It could also result in lower profits.

I completely agree with your analysis. The main ethical issue in this case was John’s abuse of power. The CEO and the fellow felt mutual attraction, and in that case both were failing to follow the ethical principles of the organization. You pointed out a great point that the fellow postgraduate fellow possibly felt confident that the position was going to be offered to her because the close relationship she had with the CEO.

The ethical dilemma Bob faces in this case is a transaction that makes Bob question his and the company’s ethics and legal obligations. It’s February, business was slow, the company was $5,000 below their breakeven point, and it appeared as if a

ethical approach can be taken in the best interests of the company. Again, to maintain a strong

John faced some ethical issues from the start of the case. He was asked to leave Marell and Pew and join Buss Steins (BS) brokerage firm. He was worried about the non-compete form that he had signed and thought that he could not leave the company but he was advised by the other brokers that it was a common practice and he could leave if he wanted. He did eventually join Buss Steins (BS) as a broker but this was an ethical dilemma that he faced. When John worked at Marell and Pew he learnt some tricks from his supervisor which were not illegal but can be considered shady to the least. John was fully indulged in these tricks of the trade but these tricks can also be a part of his ethical issues because he was

What a valuable employee, Sue definitely took the high road and handled that dilemma with integrity. Each person has many reasons for being ethical. Some reasons can be: inner beliefs, habits, virtue because it is its own reward, personal advantages, it's good business, there is approval, being an ethical person can lead to self-esteem, the admiration of loved ones and the respect of peers. There is also religion because it is believed that good behavior can please or help serve a deity. Ethical actions can fit in with upbringing or training. Ethics starts with the individual employee choosing the right or wrong decision.

By making his decision based on virtue ethics Joe will be able to establish a positive moral character by exhibiting characteristics of a honest, true and fair individual. By doing what is virtuously right Joe will hire someone more suited for the job, who hopefully will help boost his unit’s sales. Joe will have a clear conscience and not be worried about information being leaked on him acquiring stolen property. Joe Raymond will avoid having a tarnished reputation. With virtue ethics Joe will be able to think logically, rationally, and objectively. He will put the needs of the organization first in the most ethical manner which will hopefully be beneficial to himself and the company.

People are faced with ethical dilemmas every day. How, each person reacts to a situation will vary depending on their own ethical values. However, in a business the stakeholders depend on the fact that the employees that are working for a corporation would have a good set of moral values. A stakeholder is anyone who has interest in an organization such as the stockholders, employees, customers, community, and even creditors. Each one of these entities has something to lose from unethical behavior. The stockholder will loss if the stock value drops, employees can lose their jobs and customers can receive poor quality products. The community would suffer economic decline and unemployment of the local residents which would take money away from the community, and the creditors would lose the principal and interest payments for loans they have given the business