Answer the following questions:

1. Can the use of a “patsy code” result in increased long-term profits?

2. Discuss the moral and ethical implications of implementing the above-described patsy code.

3. Assume that you have a critical cash shortfall over the next four months. Due to a past violation of a loan covenant, it is highly unlikely that sufficient working capital can be borrowed or obtained from other sources to deal with this cash shortfall. The company is assured of sufficient cash flow after the four-month period from existing long-term contracts. However, without additional cash, the company will become insolvent and fail in two months. How does this change your answer to questions 1 and 2?

4. As an accounts payable manager that is a domain knowledge expert (accounts payable business processes) on the implementation team, what are YOUR ethical responsibilities?

Answer rating: 100% (QA)

1 Adopting and implementing patsy codes can result into increased long term profits for an organization based on the following facts To begin with the codes can be used as criteria of evaluating the p... View the full answer