please read the above and write a response in 200 words in agreement using the following references... Kimmel, P. D., Weygandt, J. J., & Mitchell, J. E. (2021). Accounting: Tools for business decision making (8th ed.). Wiley.Smith, J. (2021). Ethical decision-making in business: A practical approach. Business Ethics Journal.

Who are the stakeholders in this situation? The stakeholders include several internal and external parties. Internally, Scott himself is a principal stakeholder, as his professional reputation and career prospects are on the line. Senior management, who based strategic decisions on his projections, are also directly affected. Additionally, the factory personnel who were reassigned due to changes in productionand thus experienced dislocationsare indirectly impacted. Externally, shareholders who invest in the company and rely on its transparent and sound financial decision-making are critical stakeholders, as are customers who expect an accurate representation of the company's prospects. Identify the ethical issues involved in this situation. The core ethical issue here is whether to disclose an honest mistake that, while it did not negatively affect current outcomes, distorted the information that formed the basis of significant business decisions. Scott faces a dilemma between maintaining his personal integrity and advancing his career. The question is whether hiding the error, given that the sales numbers are promising, remains defensible if it compromises transparency. Additionally, there's an issue of potential long-term harm: if the error were later discovered, the trustworthiness of the financial reports could be questioned, potentially harming the company's reputation and stakeholder trust (Kimmel et al., 2021). What are the possible alternative actions for Scott? Scott has several paths he could take. Scott might choose to remain silent since the favorable sales figures are covering the initial miscalculation; however, this risks diminishing credibility. He could notify management about the discovered error, clarifying its potential implications if it ever came to light. A third option is to discuss the matter confidentially with a trusted mentor or the company's ethics advisor to determine the best course of action, possibly resulting in corrective measures without immediate public disclosure. Documenting the error internally as a safeguard could also be considered as a step toward remediation (Smith, 2021). What would you do in Scott's position? If | were in Scott's position, | would disclose the mistake to management. Even though the results appear to support the original projections, transparency is paramount in the long run and will always be the best option. Correcting the record not only preserves personal integrity but also upholds the trust of stakeholders and protects the company from potential legal or reputational risks down the line. Being forthright may jeopardize a promotion, but it secures an ethically sound foundation for future opportunities