Ambrose Tong is a Chief Financial Officer of a reputable clinic chain company. One of his...
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Ambrose Tong is a Chief Financial Officer of a reputable clinic chain company. One of his main responsibility is to overlook the finance department. Ambrose is concerned about how effectively his division is using its human resources. When he reviewing the payroll reports, he found that many overtime hours are being claimed by some staff of his department. He is considering to engage the IT division to help his department developing robotics and automation. He expects that he can lay off those accounting staff who claimed many overtimes hours. Required: (1) Identify the ethical issue(s), if any, involved in this case? (2) Who are the stakeholders in this situation? How are they affected? What are Ambrose's alternatives? (3) (4) What course of action will you suggest Ambrose Tong taking? Justify your suggestion. Ambrose Tong is a Chief Financial Officer of a reputable clinic chain company. One of his main responsibility is to overlook the finance department. Ambrose is concerned about how effectively his division is using its human resources. When he reviewing the payroll reports, he found that many overtime hours are being claimed by some staff of his department. He is considering to engage the IT division to help his department developing robotics and automation. He expects that he can lay off those accounting staff who claimed many overtimes hours. Required: (1) Identify the ethical issue(s), if any, involved in this case? (2) Who are the stakeholders in this situation? How are they affected? What are Ambrose's alternatives? (3) (4) What course of action will you suggest Ambrose Tong taking? Justify your suggestion.
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Answer rating: 100% (QA)
Answer 1 The ethical issue involved in this case is that Ambrose Tong is considering layoffs in his department in order to reduce overtime hours This ... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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