Ali’s company has just grown large enough to implement a code of ethics for the first time. What benefits can Ali expect his company and employees to see from having a code of ethics as it grows?
What will be an ideal response?
Having a code of ethics will help both give direction and purpose to employee’s
thoughts and behaviors with respect to the company as well as help align the company with the ethical standards of that particular industry. By describing the values and obligations of those who work at the company, a code of ethics helps create a moral consensus within the workplace. Employees will also feel more comfortable about speaking with each other concerning moral issues. Additionally, if employees are pressured to behave unethically by superiors, they will have a code of ethics as a moral foundation to resist such pressures. Finally, research has shown that Ali’s employees will be able to take greater pride in their company because it has made a public statement about its integrity.
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What is it called when a firm controls most of the activities in its supply chain?
What will be an ideal response?
Your business e-mail address:
a. should reflect your personal flair b. intrigue your reader c. be neutral and businesslike d. none of the above
Wade and Paul form Swan Corporation with the following investments. Wade transfers machinery (basis of $40,000 and fair market value of $100,000) and Paul transfers land (basis of $20,000 and fair market value of $90,000) and services rendered (worth $10,000) in organizing the corporation. Each is issued 25 shares in Swan Corporation. With respect to the transfers:
A. Wade has no recognized gain; Paul recognizes income/gain of $80,000. B. Neither Wade nor Paul has recognized gain or income on the transfers. C. Swan Corporation has a basis of $30,000 in the land transferred by Paul. D. Paul has a basis of $30,000 in the 25 shares he acquires in Swan Corporation. E. None of these.
Which of the following is true about drafts?
A) Drafts are two-party paper. B) A draft must have a bank as the drawee. C) All drafts are payable on demand. D) A draft contains an order to pay.