Max, the president of Maxwell, Inc. decides to take a personal pay cut instead of laying off 10,000 employees. He made this decision because the majority of his employees would benefit by maintaining a job. What view, or ethical principle, did Max use to make this decision? Outilitarian view Orights view Ojustice view O social view
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Ethics have an important place in the organisation and for all the managers and employees in the organisation. Ethics says that how people should behave and their actions.
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- According to the 2011 National Business Ethics Survey conducted by the Ethics Resource Center, Generational Differences in Workplace Ethics,83 a relatively high percentage of Millennials consider certain behaviors in the workplace ethical when compared with their earlier counterparts.These include: • Use social networking to find out about the company’s competitors (37%),• “Friend” a client or customer on a social network (36%),• Upload personal photos on a company network (26%),• Keep copies of confidential documents (22%),• Work less to compensate for cuts in benefits or pay (18%),• Buy personal items using a company credit card (15%),• Blog or tweet negatively about a company (14%), and• Take a copy of work software home for personal use (13%). The report further concludes that younger workers are significantly more willing to ignore the presence of misconduct if they think that behavior will help save jobs. a. Choose one or more behaviors and explain why Millennials might view a.…Public relations specialists create and maintain a favorable public image for the organization they represent. They design media releases to shape public perception of their organization and to increase awareness of its work and goals. The median annual wage for public relations specialists was $55,680 in May 2014.SOURCE: United States. Department of Labor. "Public Relations Specialist." Occupational Outlook Handbook. 17 Dec. 2015. Web. 8 March 2016. A public relations specialist earns $35,500 salary each year. He/she wants to spend no more than three times his/her salary on a house. What is the maximum price of a home that he/she can afford? If a 20% down payment is required, what is the amount financed? If he/she buys a home for the maximum he/she can afford, what is the monthly mortgage payment for a 25 year fixed interest loan at 3.15% compounded monthly?17. If you are fired, it is acceptable to: A. Make threats against employees B. Damage company property C. Be angry D. Refuse to return company property 18. Making every opportunity a learning opportunity is referred to as: A. Informal learning B. Professional development C. Training D. Employee appraisals 19. When confronted by a coworker who has discovered your job search: A. Explain the details of why you're leaving B. Keep your explanation simple C. Share your desire for more money or responsibility D. Explain the status of your job search 20. Experiencing excessive workplace stress: A. All of these B. Is a valid reason to change jobs C. Is a sign of weakness D. Should be ignored
- 13. With an increase in ________, employee training is important in many companies. A. Technology B. Employees C. Workplace discrimination D. Upper management 14. Training is usually: A. Paid for by the employee B. Provided and paid for by the company C. Free to all participants D. Paid for by a professional trainer 15. An entrepreneur is someone who: A. All of these B. Would rather work for others C. Doesn't mind lower pay as long as he or she can work for him- or her-self D. Assumes the risk of succeeding or failing in business 16. Continue expanding your knowledge: A. Only in areas that interest you B. Only in areas relating to your current job C. In as many areas as possible D. In only areas your boss recommends9. If you are leaving your job and the situation is unfavorable, it is acceptable to: A. None of these B. Both Take company property and Bad-mouth your boss C. Bad-mouth your boss D. Take company property 10. Promotional advantages and opportunities arise from: A. All of these B. Attending company parties C. Allowing others to attend development sessions D. Development sessions 11. The following are common reasons to change jobs EXCEPT a(n): A. None of these are exceptions B. Opportunity for a higher salary C. Perceived increase in stress D. Desire for improved work hours 12. A letter of resignation should include: A. All of these B. A positive statement about your employer C. Why you are quitting D. Your final date of employmentEthics Case Gina DeMarc, a partner in a large CPA firm, has been approached by Bruce Jonas, a manager, with the following recommendation for incentive bonuses for staff members. Jonas recommends that the firm continue to pay each staff member a straight annual salary (which has been traditionally the only payment made) plus a bonus based on the staff member’s ability to achieve a 10% reduction in time spent on each client’s work. The firm would also pay a 5% finder’s fee for any new client the staff member brings into the firm. Jonas believes this will motivate the staff to work more efficiently, to sell the firm to new clients, and to service more clients in any given time period. This should also generate more revenue for the firm. Required How would you advise Gina DeMarc? What ethical issues should she consider
- Recently, the owner of KFC Franchise decided to change how she compensated her top manager. Last year, the manager received a fixed salary of GHC50,000 and KFC made GHC110,000 in profits (excluding the manager’s compensation). She feared that her store’s performance was connected to the top manager shirking on the job and expected that changes to her top manager’s compensation structure would improve sales. Therefore, this year she decided to offer him a fixed salary of $40,000 plus 5 percent of the store’s profit. Since the change, the store is performing much better, and she forecasts profits this year to be $300,000 (again, excluding the manager’s compensation). Assuming the change of compensation is the reason for owner make (net of payment to her top manager) because of this change? Does the manager make more money under the new payment scheme?Recently, the owner of KFC Franchise decided to change how she compensated her top manager. Last year, the manager received a fixed salary of GHC50,000 and KFC made GHC110,000 in profits (excluding the manager’s compensation). She feared that her store’s performance was connected to the top manager shirking on the job and expected that changes to her top manager’s compensation structure would improve sales. Therefore, this year she decided to offer him a fixed salary of $40,000 plus 5 percent of the store’s profit. Since the change, the store is performing much better, and she forecasts profits this year to be $300,000 (again, excluding the manager’s compensation). Assuming the change of compensation is the reason fothe increased profits, and the forecast is accurate, how much more money will the owner make (net of payment to her top manager) because of this change? Does the manager make more money under the new payment scheme?Shinas Food Shop decided to increase the salary of the workers due to high cost of living caused by COVID-19. This type of decision is called as: a. Individual decision b. Simple decision c. Minor decision d. Complex decision
- Anita Brown is the manager of a wholesale food company. Her compensation, in part, is incentive-based. In other words, the higher the company income, the higher her incentive compensation. Each year, in an effort to influence her bonus, Anita makes several recommendations, concerning adjusting entries, to the company controller. One of her favorites is to ask the controller to reduce the estimate of doubtful accounts.1. How does lowering the estimate of doubtful accounts affect the income statement and balance sheet?2. Is there an ethical consideration in this case? If so, what is it?3. Should Anita be permitted to weigh in on adjusting entries under these circumstances? Why or why not?Brenda Sheldon, CPA, pays her new staff accountant, Abby , a salary equivalent to $21 per hour while Brenda receives a salary equivalent to $37 per hour. The firm's predetermined indirect cost allocation rate for the year is $11 per hour. Sheldon bills for the firm's services at 34% over cost. Assume Brenda works 6 hours and Abby works 8 hours preparing a tax return for Mikayla Touchstone. 1. What is the total cost of preparing Touchstone's tax return? 2. How much will Brenda bill Touchstone for the tax work?Sheehan works for Andy Company and is a superior sales guy. His total compensation this year is $600,000. Andy sponsors an integrated profit sharing plan with a base percentage of 5.5% and a maximum excess percentage. It uses the current wage base as the integration level. How much will the company contribute for Sheehan for 2019? Select one: $15,125 $23,491 $23,785 $56,000