Questions from Business Ethics

Q: 1. What were the responsibilities of the company, the government

1. What were the responsibilities of the company, the government authorities, and the employees of the company, that were not properly discharged? 2. Should Exxon abide by the Valdez Principles? 3. Co...

Q: 1. Do you think that the gross value method distorts earnings

1. Do you think that the gross value method distorts earnings because it overstates revenue? 2. The total cash that the company receives is the same regardless of the method the company uses to report...

Q: 1. The pattern of illegal and improper conduct described above took

1. The pattern of illegal and improper conduct described above took place for at least 5 years prior to June 3, 2002. What red flags or governance mechanisms should have alerted the following people t...

Q: 1. What was the basis of Martha Stewart’s reputation?

1. What was the basis of Martha Stewart’s reputation? 2. Why did MSO’s stock price decline due to Martha Stewart’s loss of reputation? 3. Who is Martha Stewart’s target market? 4. What qualities were...

Q: 1. Should an accounting firm have to resign as the auditor

1. Should an accounting firm have to resign as the auditor of a company when the partner in charge of the audit is convicted of releasing confidential information about that audit client? 2. How can a...

Q: 1. Why would HP bribe think they could get away with

1. Why would HP bribe think they could get away with bribing an employee in the Russian anti-bribery prosecutor’s office? 2. Why was it done through a series of companies in different countries? 3. Wh...

Q: 1. If you were an executive of Mega Brands, what

1. If you were an executive of Mega Brands, what concerns would you express to the CEO about the Magnetix Toy issues noted above? 2. If the CEO didn’t pay any attention, what would you do? 3. Should t...

Q: 1. Loyalty is a highly desirable ethical value, and disloyalty

1. Loyalty is a highly desirable ethical value, and disloyalty is serious unethical and often illegal activity. Explain how and to whom Grossmith, Horcsok, and Webb (G, H, and W) were disloyal. 2. A...

Q: 1. After being told that the guideline for bad debts for

1. After being told that the guideline for bad debts for 1996 was $15 million, what should Walt do? 2. What are the risks for MCI in setting an unrealistic allowance for doubtful accounts?

Q: 1. Are offshore tax havens that are technically legal but socially

1. Are offshore tax havens that are technically legal but socially unacceptable in the public interest? 2. Are tax accountants promoting the public interest when they design, promote, and sell tax she...