Question: Using the following scenario identify 4 ethical concerns with Debra's and Lori's actions related to business communication. Scenario: Debra and Lori operate a nail salon
Using the following scenario identify 4 ethical concerns with Debra's and Lori's actions related to business communication.
Scenario:
Debra and Lori operate a nail salon business as partners who share profits and losses equally. The success of their business has exceeded their expectations, and the nail salon is operating at a profitable level.
The partners have quite different approaches to operating the business, however. Lori is anxious to maximize profits, so she schedules appointments from 8:00 AM to 6:00 PM daily. She even sacrifices some lunch hours to accommodate regular customers. Debra, by contrast, schedules her appointments from 9:00 AM to 5:00 PM and takes long lunch hours. Debra regularly makes significantly larger withdrawals of cash than Lori does. She tells Lori not to worry, however: "I never make a withdrawal without letting you know, so it is properly recorded in my drawing account and charged against my capital at the end of the year." To date, Debra's withdrawals are twice as much as Lori's withdrawals.
Imagine that you are an accountant who has been hired by the nail salon owners to provide recommendations regarding their partnership, ethical considerations, and financial reporting.
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