The original Seven Essays, in a cool, new outfit ...
Call 412-567-OXEN [6936] Fax 412-567-6936 Email - [email protected]

All posts in General Questions

Give an example of an ethical dilemma where two different theories may respond differently. For example when faced with a decision to sell tobacco, Rights Based Ethics may feel differently than Goal Base ethics. Explain why.

Theories:

Duty-based Ethics
Goal-based Ethics
Rights-based Ethics
Human Nature Ethics

You are the assistant controller in charge of general ledger accounting at Riverside Bottling Company. Your company has a large loan from an insurance company. The loan agreement requires that the company’s cash account balance be maintained at $200,000 or more, as reported monthly.

At June 30 the cash balance is $80,000, which you report to Gena Schmitt, the financial vice president. Gena excitedly instructs you to keep the cash receipts book open for one additional day for purposes of the June 30 report to the insurance company. Gena says, “If we don’t get that cash balance over $200,000, we’ll default on our loan agreement. They could close us down, put us all out of our jobs!” Gena continues, “I talked to Oconto Distributors (one of Riverside’s largest customers) this morning. They said they sent us a check for $150,000 yesterday. We should receive it tomorrow. If we include just that one check in our cash balance, we’ll be in the clear. It’s in the mail!”

Instructions

(a) Who will suffer negative effects if you do not comply with Gena Schmitt’s instructions? Who will suffer if you do comply?

(b) What are the ethical considerations in this case?

(c) What alternatives do you have?

ease help with the following questions. Thank you.

1. Why do some countries have more corrupt business practices and lack the integrity found in other countries? What are the underlying reasons for these differences? Please be specific with some disucssion. What are possible solutions to bridge the gap in the differences?

2. Facilitating payments or bribery is an acceptable business practice in many cultures. What can multinational companies and the global community do to reduce bribery? What effect do US laws have on US companies conducting business overseas in relation to bribery? Whare are possible measures that can be taken to “level the playing field” for US based companies?

Why are ethics in business important? Are ethical standards different in different countries – need at least 2 examples. Can a standard global ethical framework be developed? If yes, what challenges would it face if a firm attempted to implement it in all its global locations.

Any help would be greatly appreciated