Module: business environment & ethics 1. Use the Utilitarian ethical theory to examine how Zama could have reasoned differently to avoid being implicated in the unethical situation.
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- Q5.2) Thabo, a data analyst for a major casino, is working after hours to finish an important project. He realises that he is missing data that had been sent to his co-worker, Jake. As Thabo knows Jake’s password, he logs onto Jake’s computer and sends the data back to himself. While doing so, Thabo sees an open email regarding gambling bets Jake placed with a local sports bookie. This is in contravention of casino policy as all its employees are forbidden to engage in gambling activities to avoid any conflict of interest. Thabo knows he should report this. However, he would then have to admit that he violated the casino’s information technology regulations by logging onto Jake’s computer. On the other hand, if he warns Jake to stop betting, he would also have to reveal his source of information. What should Thabo do in this situation?Scenario 1: Receiving GiftsYou are the Director of Contracts at the Ministry of Energy. During theChristmas season, one of the Oil and Gas Companies sent a hamperof expensive goodies personally addressed to you at the office. Whatactions might you want to take? Consider the alternatives you have available to you and how they affect the stakeholders. What are the consequences, duties, rights, and principles, implications for personal integrity and character? Can you please include references for this answer?Kwaku Issaka is a 14-year boy from a wealthy home. On 21st May 2021, Kwaku Issaka entered a shop in Accra to purchase the following items: PlayStation 5 iPhone 13 Three pairs of men’s formal shoes made by Alexander Kwaku Issaka did not have enough money to pay for all the items at once. He, therefore, entered into an agreement with the shop owner, Mr. Boateng, to pay the outstanding amount owed in five installments. However, after paying the first installment, Kwaku Issaka fell into arrears. The two parties then entered into another agreement under which Kwaku Issaka was to work for Mr. Boateng for a year without any salary for Kwaku Issaka’s debt to be forgiven. Kwaku Issaka has started working, but the work is affecting his school activities to the extent that he was last in his class. Kwaku Issaka’s parents have approached you as a renowned expert in contract law to assist them. Advise them accordingly. Your solution should follow the IRAC Principle is an acronym which depicts,…
- Starting 1 January 2020, the government began imposing a digital services tax (DST) of six per cent on foreign digital service providers (FSPs) in Malaysia. Based on the above required to explain and discuss on administration of digital tax of chargeable person. Who was the chargeable person and explain on itYour Group has formed a tax advisory firm. One of your clients in considering investing in Barbados. The company has requested general tax advice in respect of the VAT regime in Barbados. Your Group is required to provide this advice. Additionally, the company has requested the high-level of all other applicable taxes in Barbados including all the matters that the investor needs to be aware of. Making the necessary assumption as appropriate.Corporate governance involves a set of relationship between a company's management, it's board it's shareholders and other stakeholders. Corporate gorvenance also provides the structure through which objectives of the company are set, and the means of attaining objectives and monitoring performance are determined (OECD 2004) using any of the defunct bank as a case , justifies how this definition is in line or deviates from good corporate gorvenance as exhibited by the leadership of the bank.
- Mini-case Financial Scandals Ponzi Schemes The practice of providing old (or early) investors above average on their investment with funds raised from new (or late) investors in the absence of any real business operation to generate profits is illegal, unethical and regrettably, not a new idea. It used to be referred to as robbing Peter to pay Paul. In 1899, a New York scam artist named William Miller promised investors returns as high as 520% in one year based on his supposed insider information on profitable businesses. He scammed people out of almost $ 25 million in today’s money before being exposed and jailed for 10 years. In 1920, the practice was given a new name Ponzi scheme in honor of Charles Ponzi, an Italian immigrant, who after numerous failed business ventures began to promote the spectacular returns to be made to be made by buying International Reply Coupons (IRC) coupons. These coupons could be used to purchase stamps in order to reply to a letter like an…Mini-case Financial Scandals Ponzi Schemes The practice of providing old (or early) investors above average on their investment with funds raised from new (or late) investors in the absence of any real business operation to generate profits is illegal, unethical and regrettably, not a new idea. It used to be referred to as robbing Peter to pay Paul. In 1899, a New York scam artist named William Miller promised investors returns as high as 520% in one year based on his supposed insider information on profitable businesses. He scammed people out of almost $ 25 million in today’s money before being exposed and jailed for 10 years. In 1920, the practice was given a new name Ponzi scheme in honor of Charles Ponzi, an Italian immigrant, who after numerous failed business ventures began to promote the spectacular returns to be made to be made by buying International Reply Coupons (IRC) coupons. These coupons could be used to purchase stamps in order to reply to a letter like an…Mini-case Financial Scandals Ponzi Schemes The practice of providing old (or early) investors above average on their investment with funds raised from new (or late) investors in the absence of any real business operation to generate profits is illegal, unethical and regrettably, not a new idea. It used to be referred to as robbing Peter to pay Paul. In 1899, a New York scam artist named William Miller promised investors returns as high as 520% in one year based on his supposed insider information on profitable businesses. He scammed people out of almost $ 25 million in today’s money before being exposed and jailed for 10 years. In 1920, the practice was given a new name Ponzi scheme in honor of Charles Ponzi, an Italian immigrant, who after numerous failed business ventures began to promote the spectacular returns to be made to be made by buying International Reply Coupons (IRC) coupons. These coupons could be used to purchase stamps in order to reply to a letter like an international…
- In recent times, the central Bank of Ghana has embarked on re-organization of the financial sector that among others has resulted in the increase in the minimum capital requirement to ₡400million Ghana cedis. This exercise led to the revocation of licenses from some universal banks. This was followed by a full report by the Bank of Ghana (herein after called “that BOG report”) regarding their basis for the revocation of licenses. A carful review of this report reveals a number of financial reporting and corporate governance lapses. You are required to compare your understanding of the salient elements of that BOG report to the Enron Case (see excerpts below) and answer the questions that follow: Excerpts from the Enron Corporate Scandal “Enron was one of the world’s leading electricity, natural gas, pulp, paper and communications firm based in Texas. Its claimed revenue was estimated to be $101bn. However, at the end of the 2001 it was revealed that its financial condition was…In recent times, the central Bank of Ghana has embarked on re-organization of the financial sector that among others has resulted in the increase in the minimum capital requirement to ₡400million Ghana cedis. This exercise led to the revocation of licenses from some universal banks. This was followed by a full report by the Bank of Ghana (herein after called “that BOG report”) regarding their basis for the revocation of licenses. A carful review of this report reveals a number of financial reporting and corporate governance lapses. You are required to compare your understanding of the salient elements of that BOG report to the Enron Case (see excerpts below) and answer the questions that follow: Excerpts from the Enron Corporate Scandal “Enron was one of the world’s leading electricity, natural gas, pulp, paper and communications firm based in Texas. Its claimed revenue was estimated to be $101bn. However, at the end of the 2001 it was revealed that its financial condition was…The pain reliever medicine, Analgesia-T manufactured by CPC Company is a well-known analgesic that provides relief from pain and serves as a palliative to people worldwide. However, in the 1980s, several persons died after taking capsules of the well-known medicine. It was found out, that the medicines contained cyanide, a highly poisonous, white crystalline element accidentally mixed with the medicines because of factory defect. The sister company of CPC, the Jackson Company took the initiative and without delay, made steps to resolve the problem. It readily ordered the retrieval of the product from the market. Be that as it may, the company lost about $100M dollars by recalling more than 31 million bottles of Analgesia-T. The Jackson Company made all efforts to launch an information campaign in order to allay the fear of the consumers. The company ran a continuous media campaign and a toll-free customer care hotline. Millions of capsules were tested by reliable agencies and…