Identify the ethical lessons that can be learned from the WF Bank scandal.

Question

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Answer 1

Question

Chapter 3, Problem 1DQ

To determine

Identify the ethical lessons that can be learned from the WF Bank scandal.

Expert Solution & Answer

Explanation of Solution

The ethical lessons to be learnt from WF Bank scandal are:

The cultural phenomena at the Bank played a vital role. The presence of unrealistic targets incited the employees to take up the unethical ways to achieve the targets.
The lack of control system was another reason which encouraged the employees to carry on the fraud. The whistle blowers were fired from the job.
There was no proper audit done on the work performed by the employees. This is another lesson that need to be learned from the WF Bank scandal.

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Answer 2

Question

Chapter 3, Problem 1DQ

To determine

Identify the ethical lessons that can be learned from the WF Bank scandal.

Expert Solution & Answer

Explanation of Solution

The ethical lessons to be learnt from WF Bank scandal are:

The cultural phenomena at the Bank played a vital role. The presence of unrealistic targets incited the employees to take up the unethical ways to achieve the targets.
The lack of control system was another reason which encouraged the employees to carry on the fraud. The whistle blowers were fired from the job.
There was no proper audit done on the work performed by the employees. This is another lesson that need to be learned from the WF Bank scandal.

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Answer 3

Question

Chapter 3, Problem 1DQ

To determine

Identify the ethical lessons that can be learned from the WF Bank scandal.

Expert Solution & Answer

Explanation of Solution

The ethical lessons to be learnt from WF Bank scandal are:

The cultural phenomena at the Bank played a vital role. The presence of unrealistic targets incited the employees to take up the unethical ways to achieve the targets.
The lack of control system was another reason which encouraged the employees to carry on the fraud. The whistle blowers were fired from the job.
There was no proper audit done on the work performed by the employees. This is another lesson that need to be learned from the WF Bank scandal.

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Answer 4

Question

Chapter 3, Problem 1DQ

To determine

Identify the ethical lessons that can be learned from the WF Bank scandal.

Expert Solution & Answer

Explanation of Solution

The ethical lessons to be learnt from WF Bank scandal are:

The cultural phenomena at the Bank played a vital role. The presence of unrealistic targets incited the employees to take up the unethical ways to achieve the targets.
The lack of control system was another reason which encouraged the employees to carry on the fraud. The whistle blowers were fired from the job.
There was no proper audit done on the work performed by the employees. This is another lesson that need to be learned from the WF Bank scandal.

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Answer 5

Chapter 3, Problem 1DQ

To determine

Identify the ethical lessons that can be learned from the WF Bank scandal.

Expert Solution & Answer

Explanation of Solution

The ethical lessons to be learnt from WF Bank scandal are:

The cultural phenomena at the Bank played a vital role. The presence of unrealistic targets incited the employees to take up the unethical ways to achieve the targets.
The lack of control system was another reason which encouraged the employees to carry on the fraud. The whistle blowers were fired from the job.
There was no proper audit done on the work performed by the employees. This is another lesson that need to be learned from the WF Bank scandal.

Answer 6

Chapter 3, Problem 1DQ

To determine

Identify the ethical lessons that can be learned from the WF Bank scandal.

Expert Solution & Answer

Explanation of Solution

The ethical lessons to be learnt from WF Bank scandal are:

The cultural phenomena at the Bank played a vital role. The presence of unrealistic targets incited the employees to take up the unethical ways to achieve the targets.
The lack of control system was another reason which encouraged the employees to carry on the fraud. The whistle blowers were fired from the job.
There was no proper audit done on the work performed by the employees. This is another lesson that need to be learned from the WF Bank scandal.

Answer 7

Chapter 3, Problem 1DQ

To determine

Identify the ethical lessons that can be learned from the WF Bank scandal.

Answer 8

Expert Solution & Answer

Explanation of Solution

The ethical lessons to be learnt from WF Bank scandal are:

The cultural phenomena at the Bank played a vital role. The presence of unrealistic targets incited the employees to take up the unethical ways to achieve the targets.
The lack of control system was another reason which encouraged the employees to carry on the fraud. The whistle blowers were fired from the job.
There was no proper audit done on the work performed by the employees. This is another lesson that need to be learned from the WF Bank scandal.