Explain how a company might be held liable for unethical behavior even if that behavior is entirely legal in nature.
What will be an ideal response?
Governments and laws are not perfect, and they cannot always force fully ethical
behavior on an organization through laws that are part of the democratic process. If an organization has prior knowledge that a product they produce can cause serious illness in a consumer, then it may later be deemed highly unethical--and thus subject to civil legal challenge--if they continue with that behavior anyway, even though there may be no specific laws blocking it. The text gives the example of cigarette manufacturers, who knew that their products caused illness for decades but continued to sell cigarettes anyway and are now subject to legal ramifications for that negligence.
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Which of the following accountant versions can be used with QuickBooks Online?
A. QuickBooks Enterprise Accountant B. QuickBooks Desktop Accountant C. QuickBooks Pro Accountant D. QuickBooks Online Accountant
Elgin Company's budgeted fixed factory overhead costs are $50,00 . per month plus a variable factory overhead rate of $4.00 per direct labor hour. The standard direct labor hours allowed for October production were 20,000 . An analysis of the factory overhead indicates that in October, Elgin had an unfavorable flexible-budget variance of $1,500 and a favorable production-volume variance of $500
Elgin uses a two-variance analysis of overhead variances. The applied factory overhead in October is: a. $129,500. b. $128,000. c. $130,000. d. $130,500.
The calendar year-end adjusted trial balance for Blessinger Co. follows: BLESSINGER CO.
Adjusted Trial Balance December 31 Cash$ 112,000?Accounts receivable27,000?Prepaid rent15,000?Prepaid Insurance9,000?Office supplies3,300?Office equipment38,000?Accumulated depreciation-Equipment?$3,200Building288,000?Accumulated depreciation-Building?42,000Land700,000?Accounts payable?25,800Salaries payable?14,500Interest payable?2,500Long-term note payable?72,000Common stock?200,000Retained earnings?710,000Dividends200,500?Service fees earned?430,800Salaries expense90,000?Insurance expense5,200?Rent expense5,000?Depreciation expense-Equipment800?Depreciation expense-Building7,000?Totals$1,500,800$1,500,800Required:(a) Determine the amounts of current assets and current liabilities. (Note: A $9,000 installment on the long-term note payable is due within one year.)(b) Calculate the current ratio. Comment on the ability of Blessinger Co. to meets its short-term debts. What will be an ideal response?
An OD intervention method that employs group activities that involve a great deal of interaction among team members to increase trust is called ______.
A. team building B. process consultation C. workout D. survey