In May 2010, Martha Stewart gave an interview to the New York Times magazine in which she was asked, "Do you find it odd that the SEC investigated you for insider trading, which resulted in your conviction in 2004, while letting a sociopath like Bernie

Madoff run unchecked?" (Mr. Madoff ran a $50 billion Ponzi scheme). Ms. Stewart responded, "Let me just say one thing. They should have been paying closer attention to other things.". She then added that she never stole anyone's money like Madoff did. Evaluate Ms. Stewart's comments in the context of ethical analysis, a credo, and her attitude about ethics in business.


Students should discuss the fact that Ms. Stewart sees her conduct as very different from Mr. Madoff's but they both broke the law, they both took advantage of other people in business, and they both tried to hide their conduct in order to continue to make money. There is an inability to do the introspection on our own conduct to see what we are doing or have done. Ms. Stewart goes by degrees – it is not that the conduct is wrong – it is how much of the conduct that is done that controls her view of right and wrong. Magnitude is the issue, not the conduct.

Business

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Composition agreements are:

A. made in a way that allows the promisor to decide whether or not to perform the promise. B. agreements entered into when someone promises not to file a legal suit in exchange for a promise to pay a certain sum of money or some other consideration. C. agreements between a debtor and two or more creditors who agree to accept a stated percentage of their liquidated claims against the debtor at or after the due date. D. generally treated as non-binding on the parties to the agreement because of the fact that doing so appears to be contrary to the general rule on liquidated debts.

Business

A(n) _____ is a self-replicating code planted illegally in a computer program for the purpose of damaging or shutting down a system or network

Fill in the blank(s) with correct word

Business

In the context of global economic systems, explain a market economy.

What will be an ideal response?

Business

The following information was obtained from the general fund balance sheet of Lima Village on June 30, 20X9, the close of its fiscal year:  Vouchers Payable$220,000 Inventory of Supplies 10,000 Fund Balance-Assigned for Encumbrances 40,000 Fund Balance-Nonspendable 10,000 Total Assets 304,000 On June 30, 20X9, what was Lima's unassigned fund balance in its general fund?

A. $34,000 B. $24,000 C. $84,000 D. $44,000

Business