(a) Who are the stakeholders in this situation? (b) Are the president's motives and actions ethical? (c) Can Nakona shield itself against losses of Marques Inc.?
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- 1.Which of the following situations could be evidence that the investor lacks the capacity to exercise significant influence over the company in which he invested? Select one: a. The investor fails to obtain representation on the board of directors of the other company. b. The investor fails to obtain from the other company the information necessary to correctly account for the investment. c. The other company objects to the investor having significant influence and has gone to court or a regulatory agency. d. All the alternatives presented.Which of the following is true about this statement: "In a sole proprietorship, the owner's personal assets are at risk if the business is not successful." Is this true? a) No, personal assets are protected by sole proprietorship laws. b) Yes, there is no protection for personal assets with sole proprietorships. c) No, personal assets are only at risk with corporations. d) Yes, this is true for all forms of business.After dissolution caused by the illegal acts, fraud, corruption and etc. of the directors, trustees, officers, or employees, what will happen to the innocent stockholders and employees? Are they going to receive something from the company's assets since they are not involved to that act?
- How does the Sarbanes–Oxley Act contribute to accurate and quality financial reporting by public corporations? Why is the act considered an excellent example of public corporations meeting a key ethical standard? To support responses, provide examples of companies that were negatively affected by a lack of ethical guidelines.Are poison-pill defenses ethical? If a potential acquirer buys company stock legally, thereby becoming a part owner of the company, should management be allowed to entrench itself against the wishes of this owner? Explain your answer.Do you think there are any circumstances when you should go outside the company to report financial wrongdoing? If so, to what person/organization would you go? Why? If not, why would you not take the information outside the company?
- Mr. Bader is leaving his Auditing Firm to become the Finance Director of his client company. The ethical dilemma that he is most likely to face would be conflict in: a. Confidentiality b. Due Care c. Professional Competence d. Professional BehaviorHow does an accounting professional's commitment to the firm, the profession, and to colleagues influence whether he/she will blow the whistle on financial wrongdoing? What other factors, related to organizational culture, could contribute to whether or not a professional decides to blow the whistle on a financial wrongdoing?A) Who are the stakeholders in this situation? B) What are the ethical issues and principles at stake? C) What would be your course of action, as chief financial officer?
- To what degree do you think individuals have a responsibility to act ethically within a corrupt system? How would an individual act ethically in this context? Please answer thoroughly and in depth. What legal reforms would you recommend that would make lobbyists more likely to act ethically? Why would you recommend these reforms and how might you implement them? Please answer thoroughly and in depth.Which of the following is incorrect: Options: a) The Market for Corporate Control is an important external mechanism for encouraging corporate managers to act in their shareholders’ best interests b) GMU Dean Emeritus Henry G. Manne developed the theoretical concept of “Market for Corporate Control” c) The Market for Corporate Control was enacted into law by the Williams Act d) The Market for Corporate Control protects rationally ignorant shareholders e) None of the aboveWhat are some factors that can increase the risk that a corporation does not have a corporate culture that supports ethical decision making? Please explain.