Chapter 1 Discusson: Mini Ethics Case

Ethics and professional conduct in business Vince Hunt, president of Sabre Enterprises, applied for a $200,000 loan from First National Bank. The bank requested financial statements from Sabre Enterprises as a basis for granting the loan. Vince has told his accountant to provide the bank with a balance sheet. Vince has decided to omit the other financial statements because there was a net loss during the past year.

1. Is Vince behaving in a professional manner by omitting some of the financial statements?
   1. What types of information about their businesses would owners be willing to provide bankers?
   2. What types of information would owners not be willing to provide?
   3. What types of information about a business would bankers want before extending a loan?
2. What common interests are shared by bankers and business owners?

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You will be graded as follows:

Grading Criteria	Percentage
Fully Answer the question(s) or respond to the prompt(s)	90%
Respond to a classmate explaining why you agree or disagree with him or her, adding more information to his or her post. Do not just say"I agree" or "nice post".	10%
Total	100%

Need help with Blackboard? Review the Blackboard Student Guide, Discussion.

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