Business And Professional Ethics 8th Edition Leonard J Brooks, Paul Dunn - Solutions

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How should Connor approach this issue? mkl56
Describe Saul’s ethical dilemma. mk5
Why would Medicare fraud be a white-collar crime? mlo5
How should Saul approach the situation? nju5
Teleology defines right or acceptable behavior in terms of its consequences for the individual. Yes No
A relativist looks at an ethical situation and considers the individuals and groups involved. Yes No
A utilitarian is most concerned with bottom-line benefits. Yes No
Act deontology requires a person use equity, fairness, and impartiality in making decisions and evaluating actions. Yes No
Virtues supporting business transactions include trust, fairness, truthfulness, competitiveness, and focus. Yes No
Describe the organizational structure of ABCO Corporation. mlo5
Which type of leadership power is Britney using?Do you feel it is effective in this situation? klo8
Does Candace have any other alternatives than the two that she is considering? lop5
Decentralized organizations tend to put the blame for unethical behavior on lower-level personnel. Yes No
Decentralized organizations give employees extensive decision-making autonomy. Yes No
Corporate culture provides rules that govern behavior within the organization. Yes No
An integrative culture shows high concern for performance and little concern for people. Yes No
Coercive power works in the same manner as reward power. Yes No
How is top management supporting a culture of ethical or unethical behavior? mk5
Discuss the alternatives and duties Mary has as a representative for both the buyer and seller. mki5
If realtors have a code of ethics that requires truthful and transparent information, what should Mary tell George, the owner of JSKY? mk5
What is a key component of a successful auditing process missing from this situation? mko5
How would you describe the corporate culture of Butterfly? nju5
What steps would you recommend Charles take? nu5
Discuss whether Kyle’s proposal would violate BEC’s code of ethics. nju5
Identify the organizational pressures that Mei-li is facing to call Hiyota? ju6
How should Mei-li handle the situation? nju5
Jérôme Kerviel joined the French bank, Société Générale (SocGen), in 2000 at the age of twenty-three as part of its systems personnel in its back office. In 2005, he became a junior derivatives trader with an annual limit of €20 million, which is just under U.S.$$30$ million. However, in
On October 1, 2012, IKEA apologized for removing women from the photographs in the IKEA catalogs that were shipped to Saudi Arabia. IKEA is a Swedish company that was founded in 1943. It is now the world’s largest furniture retailer with stores in over forty-one countries. IKEA has been in the
Harry Potter is known to tens of millions of readers as a figment of J. K. Rowling’s imagination. One of the good guys, he is a gifted apprentice magician and budding wizard. Harry and his pals have bested evil wizards in tale after tale and many movies, including the following:• Harry Potter
Society is quite concerned about the level of greenhouse gases that are being emitted by various businesses. Many firms are responding by becoming more candid about the effects that their operations are having on the planet. Some are reporting this information through formal reports that follow the
In essence, cruise ships are floating small towns. They carry thousands of passengers on ships that often stand thirteen decks tall. The cruise ship industry that travels from Washington State to Alaska contributes billions of dollars into the economies of many American and Canadian port
In1 March 1994, six African Americans employed at Texaco Inc. filed a class action lawsuit on behalf of 1,400 current and former African American employees. They alleged that Texaco had systematically discriminated against them in terms of promotions and had fostered a hostile corporate environment
In October 2008, Jill Hubley, a former senior strategist in the Dell Americas human resource group, a Dell Inc. division located in Texas, filed a lawsuit against the world’s second-largest maker of personal computers. She alleged that Dell had systematically discriminated against female
On May 17, 2010, a federal jury in New York decided that Novartis, a Swissheadquartered drug company, was guilty of discriminating against women and should pay the twelve women plaintiffs who testified in the trial $$3.37$ million in compensatory damages.1 Since there were 5,600 women in the
Walt1 Pavlo joined MCI in 1992 and rapidly became second in command at the company’s finance or long-distance collections unit, as is documented in the ethics case “Manipulation of MCI’s Allowance for Doubtful Accounts” in Chapter 5.Walt left MCI in 1996 and ultimately resigned in early
Harold Johns found himself in jail in Germany. He was a vice president of Baranca Industries Inc., a U.S. firm that constructs and installs factory equipment.Unfortunately, he was the highest-ranking Baranca official in Germany while he was in Germany overseeing the installation of some equipment.
“South Africa and the drug companies have changed forever,” say David Pilling and Nicol degli Innocenti.1 South Africa is to the drug pharmaceutical industry what Vietnam was to the U.S. military. Nothing will be quite the same again.That, at least, is the view of Oxfam, the U.K. charity that
In its own Internal Investigation,1 released on September 8, 2010, BP provided its analysis of why the Deepwater Horizon oil rig exploded, precipitating one of the largest oil spills the world has ever seen.Eleven oil rig crew members were killed and seventeen injured, the ecological base for the
BP has had a record of mishaps affecting life, the environment, and the property of the company and other stakeholders. On October 26, 2010, the Public Broadcasting System (PBS) in the United States aired a fifty-three-minute TV documentary titled The Spill, which covered BP’s problems at its
In 2000,1 Toyota had a strong and growing reputation for quality. Its engineering excellence was peaking with the worldwide introduction of the first successful commercially available hybrid, the Prius, in 2001. But by 2010, over 10 million individual recalls2—including multiple recalls of some
A two-month-old child was accidentally given a drug overdose at a Texas hospital despite the fact that seven health care professionals reviewed the prescription order before the drug was given to the baby. The following excerpts from a New York Times article1 illustrate how important it is that
Shortly after midnight on March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef in Alaska’s Prince William Sound, spilling 11 million gallons of crude oil. Ecological systems were threatened, and the lives and livelihood of area residents were severely disrupted. For the
According to the Greenpeace Web page, On16 February last year (1995),Greenpeace learned that the U.K. government had granted permission for Shell Oil to dump a huge, heavily contaminated oil installation, the 14,500 tonne Brent Spar, into the North Atlantic despite it being loaded with toxic and
Lynn James was in the vortex of a set of crises. Lynn, an entrepreneur and the president, CEO, and 75% owner of Wind River Energy Inc., was one week away from closing a deal to secure much-needed financing for existing and new operations via an independent public offering (IPO) on NASDAQ under the
The government bailout of the financial community included taking an equity interest in publicly traded companies such as AIG. Is it right for the government to become an investor in publicly traded companies?
Are the criticisms that M2M accounting rules contributed to the economic crisis valid?
Allegations of serious impropriety and perhaps illegality surrounding Goldman Sachs’s contribution to the 2008 financial crisis have been well publicized. Allegations included trading for their own benefit directly against the interests of its clients (e.g., the ABACUS deal involved deliberately
Short selling occurs when a seller borrows shares from a brokerage house and then sells those shares. At a later date, the seller buys the shares and delivers them to the brokerage house. If the price falls during the shorting period, then the short seller makes a profit and generates a loss if the
On September 15, 2008, Lehman Brothers Holdings Inc., one of the world’s most respected and profitable investment banks, filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court in the Southern District of New York.1 Although Lehman Brothers (LB) had reported record
During the depths of the subprime lending crisis in 2008, a major U.S. investment banking firm, Goldman Sachs, required a$$10$ billion bailout from the U.S. government’s Troubled Asset Relief Program(TARP) to stay afloat. But in 2009, Goldman’s fortunes reversed as the firm earned$$13.4$
American International Group, Inc. (AIG)was the world’s largest insurance company with major offices in New York, London, Paris, and Hong Kong. From 2005 to 2008, the company had a series of accounting problems. First, it was convicted of fraudulent financial reporting and then of reporting
Although the Canadian banks did not suffer as much as other financial institutions around the world, they were not immune from the economic consequences of the subprime mortgage meltdown. In Canada, the earliest crisis concerned the liquidity of asset-backed commercial paper (ABCP)that was affected
The advantage of commission sales is that if the salesperson puts in effort and makes a sale, then both the company and the salesperson benefit. The salesperson receives a commission, and the company receives the proceeds of the sale, net of the commission. Referred to as a first-best contract, its
What would you list as the five most important ethical guidelines for dealing with North American employees?
What would you advise that corporations do to recognize the new worldwide reach of antibribery enforcement related to the FCPA and the U.K. Bribery Act?
Parmalat Finanziaria S.p.A. and its subsidiaries manufacture food and drinks worldwide. Parmalat is one of the leading firms in the long-life milk, yogurt, and juices market. The company became the world’s seventh-largest supplier of dairy products and Italy’s seventh-largest company, with 146
On July 1, 2013, Scott London, a former KPMG audit partner, pleaded guilty to securities fraud. He had been passing information to his friend, Bryan Shaw, over a two-year period ending in 2012.He told his friend about earnings announcements by Herbalife Ltd and Skecher USA Inc. as well as the
Livent, once the world’s premier live entertainment companies, was sold in 1998 to buyers who soon found that the value they had paid for was an illusion. Livent had thrilled audiences with performances of Phantom of the Opera, Ragtime, Kiss of the Spider Woman, Sunset Boulevard, Showboat, Joseph
Martin Pilzmaker was a young, aggressive lawyer from Montreal who was invited in 1985 to join the law firm Lang Michener in Toronto. It was expected that his immigration law practice “could enrich the (firm’s)coffers by $$1$ million a year catering to the needs of Hong Kong Chinese already
In 1984, twenty-three-year-old Wanda Liczyk received her designation as a chartered accountant. The following year, she left Coopers & Lybrand (now part of PricewaterhouseCoopers)to become a budget analyst for the City of North York. By 1991, she had become the city’s treasurer and protégé of
Dear John:I really appreciate your willingness to give me your opinion as a fellow professional accountant on what I should do and on what I should advise the minority owner to do. Given that I was asked to help out Ruby, a family friend, and have found myself in the following situation, your
I need your advice on an anonymous basis.I am a professional accountant employed by a company that imports bikes from China. Before I get into the issue, I wish to advise you that I really need this job, as I am a single mother of two teenagers, and jobs like the one I have are hard to come by in
I have a question that I need a bit of help on, but I am not sure where to turn, and I hope you may be able to help me out.I am the CFO of a charitable organization, it is a paid position and I am a professional accountant. We are currently presenting our budget to the Board of Directors, which is
I am a professional accountant and hold the position of financial analyst, capital projects, with the Town of Pinecrest. In my position, I deal with, among others, developers and their lawyers with respect to development agreements, cost-sharing agreements, and financial agreements.In the past,
I think I have a problem. I am a professional accountant and work for a notfor-profit organization that operates a summer camp. We have obtained a legal opinion stating that a portion of our camp fees could be considered a charitable donation with respect to religious education costs for the 2007
I am the assistant controller at a mediumsized, not-for-profit organization. I hired a new accounts-payable clerk three months ago—let’s call her Mary, which is not her real name—and then I fired her last week because she stole $$16,583$ from us by altering six checks. Mary’s primary
In mid-2011, Sino-Forest Corporation was a company with timber operations in China, including tree plantation (holding of timber for appreciation and/or harvesting), log and wood products trading, and manufacturing of wood products. Its shares were traded on the Toronto Stock Exchange (TSE) under
Mergers and acquisitions (M&A) are strategies that help companies to grow in size rapidly. However, some incredibly questionable M&A decisions were reported in the mining industry in 2012 and 2013, including the following:• The Canadian gold mining company Kinross Gold Corp. acquired some African
Numerous firms, including computer and communication companies, sell products that have multiple deliverables. For example, a telephone company may sell a customer a phone and a two-year unlimited long-distance telephone call package for a lump sum. How should the company account for the lump sum
Following the pattern of many other countries, Canada converted from domestic generally accepted accounting principles to International Financial Reporting Standards(IFRS). The changeover occurred on January 1, 2011. As a result of the conversion to IFRS, the revenue recognition policies of many
Arthur sat back in his chair and looked at the other accountants who were working on their laptops. How had he gotten himself into this situation?It began last year when he was hired by Castor Gotlieb LLP, the largest of the midsize accounting firms in the country.Arthur graduated at the top of his
Anne Distagne was the CEO of Linkage Construction Inc., which served as the general contractor for the construction of the air ducts for large shopping malls and other buildings. She prided herself on being able to manage her company effectively and in an orderly manner. For years, there had been a
Jane1 Ashley was a staff accountant at Viccio & Martin, an accounting firm located in Windsor, Ontario. Jane had been a co-op student while in college, and during her first work term with the firm, she had the privilege of being on several audits of various medium-sized companies in the Windsor
“We have had Paige & Gentry as our auditors for many years, haven’t we, Jane? They have been here since I became president two years ago.”“Yes, Bob, I have been the CFO for seven years, and they were here before I came. Why do you ask?”“Well, they were really tough on us during the
“Look, Tim, I’ve been told that the competition for the audit of Diamond Health Services is really competitive, and you know what it would mean to the both of us to bring this one in. You would be a sure bet for the Executive Committee, and I would take over some new audit responsibility as
Two accounting students, Joan and Miguel, were studying for their final university accounting exam.“Miguel, what if they ask us whether the accounting profession should speak out about the shortcomings in financial statements?”“Like what, Joan? We know they don’t show the value of employees
Stan Jones was an investor who had recently lost money on his investment in Fine Line Hotels, Inc., and he was anxious to discuss the problem with Janet Todd, a qualified accountant who was his friend and occasional advisor.“How can they justify this, Janet? This company owns 19.9% of a
Multidisciplinary practices are probably an inevitable development. Clients want “onestop shopping,” at a professional firm where they can go for all their needs, and where the partner responsible for their work can keep them briefed on new services that might be worth using. New services
Multinationals are headquartered in one country but have operations worldwide.Generally, each multinational pays income taxes in the jurisdiction in which it generates its profits. For example, a German company with operations in the United States and Switzerland would pay income taxes to the U.S.
The leak of the Panama Papers in 2016 revealed the existence of hundreds of thousands of offshore shell companies used by the world’s wealthy to avoid paying taxes, raised the public’s awareness of advantaged treatment of the wealthy, and led to renewed concerns about unfair tax practices. But
The Italian federal corporate tax system has an official, legal tax structure and tax rates just as the U.S. system does. However, all similarity between the two systems ends there.The Italian tax authorities assume that no Italian corporation would ever submit a tax return that shows its true
As Bill Adams packed his briefcase on Friday, March 15, he could never remember being so glad to see a weekend. As a senior tax manager with a major accounting firm, Hay & Hay, on the fast track for partnership, he was worried that the events of the week could prove to be detrimental to his
Before 2002, accounting firms would provide multiple services to the same firm.Hired by the shareholders, they would audit the financial statements that were prepared by management while also providing consulting services to those same managers. Some would provide tax advice to the managers of
Sophia and Maya were having a quiet afterwork drink at the Purple Pheasant around the corner from their office. Both are professional accountants in their late twenties and were talking about their futures in public accounting.“I want to concentrate on the notfor-profit sector,” said Sophia
“At the firm, we’ve got a new way of looking at tax issues. It’s called ‘risk management,’and, in your case, John, it means that we can be more aggressive than in the past. In the past, when there was an issue open to interpretation, we advised you to adopt a practice that was relatively
Siemens AG is a 160-year-old German engineering and electronics giant. It is one of Europe’s largest conglomerates, with profits in 2007 of €3.9 billion on revenue of€72.4 billion, up €6 billion from its 2006 revenue. It has over 475,000 employees and operations worldwide. It had also
In 2015, Dr. William Campbell was awarded the Nobel Prize in Medicine for his work in discovering ivermectins while employed with Merck & Co. in the 1970s.The drug prevents onchocerciasis, called river blindness. In 1987, the World Health Organization (WHO) estimated that 18 million people in more
Pierre Duhaime “retired” as CEO of SNCLavalin on March 26, 2012, a post that he had held since 2009 following over 20 years of employment at the company. He did so, because of his role in approving$$56$ million in payments in contravention of the company’s policies.1 Police were called in
Bribery charges often involve a company making illegal payments to government officials in order to land lucrative contracts.For example, in April 2010, German auto manufacturer Daimler AG made a $$185$ million settlement with the Securities Exchange Commission (SEC) because it had violated
David Bazzetta learned in July 2001 at a corporate audit executive committee meeting in Stuttgart Germany that Daimler-Chrysler “business units ‘continued to maintain secret bank accounts to bribe foreign government officials,’ though the company kn[e]w the practice violated U.S.laws.”1 As
On April 14, 2010, Russian investigators raided the Moscow offices of Hewlett Packard (HP). They did so at the request of German prosecutors who were examining whether HP had paid bribes totaling$$10.9$ million (€8 million) in bribes to win a $$44.5$ million (€35 million) contract to supply
In January 2006, the chair of Hewlett-Packard (HP), Patricia Dunn, hired a team of independent electronic-security experts to determine the source of leaked confidential details regarding HP’s longterm strategy. In September 2006, the press revealed that the independent experts spied on HP board
On November 17, 2005, Conrad Black and three other executives1 of Hollinger International, Inc., were charged with eleven counts of fraud with regard to payments allegedly disguised as “noncompete fees”or, in one case, a “management agreement breakup fee” and the misuse of corporate perks.
Walt Pavlo joined MCI in the spring of 1992. At that time, MCI was a growth company in the booming long-distance telecommunications industry that had 15% of the long-distance market, with revenues of$$11$ billion.In the 1990s, the major telecommunications companies all shared their fiber-optic
Pierre Garvey, the CEO of Revel Information Technology, sat back in his chair and looked at his assistants. He frowned. “My son has been diagnosed with MLD,” he said.They all looked at him with shock. “Its proper name is metachromatic leukodystrophy, and it’s caused by an enzyme deficiency
Employee stock options allow company executives to buy shares of their company at a specified price during a specified time period. They are given to executives as a form of noncash compensation. The option or “strike price” is normally equal to the market price of the stock on the day that the
Satyam Computer Services Ltd was founded in 1987 by B. Ramalinga Raju. By 2009, it was India’s fourth-largest information technology company with 53,000 employees, operating in sixty-six countries. It provided a variety of services, including computer systems, customer services, and the
By the late 1990s, Nortel Networks Corporation, headquartered in Brampton, Ontario, Canada, was one of the giants of the telecommunications industry. Seventy-five percent of North America’s Internet traffic was carried by Nortel equipment,1 which was manufactured by 73,000 employees around the
On June 20, 2005, “John Rigas, the 80-year old founder of Adelphia Communications Corp., was … sentenced to 15 years in prison and his son Timothy, the exfinance chief, got 20 years for looting the company and lying about its finances.”1 These were the largest sentences handed out to CEOs and
Dennis Kozlowski was a dominant, largerthan-life CEO of Tyco International, Ltd, a multi-billion-dollar company whose shares are still traded on the New York Stock Exchange (Symbol: TYC). His stature was huge, and his appetite for excess knew no bounds. Noted author Tom Wolfe, who wrote Bonfire of

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Business And Professional Ethics 8th Edition Leonard J Brooks, Paul Dunn - Solutions

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