What are the chief causes of unethical strategies and unethical business behavior?
What will be an ideal response?
Apart from a common misperception that ethics and business ethics are different constructs, the three drivers of unethical strategies and unethical business behavior are: (1) faulty oversight, (2) heavy pressures on managers to meet performance targets, and (3) company cultures that place profits and performance ahead of ethical behavior.
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Southern Security makes safes for storing valuables. When Ed sold safes for the company, he sometimes told a prospect, "The model safe you are looking at is on sale this week. If you wait until next week to buy, you will spend $100 more"
When Ed used this approach, he was using the ________ close. A) canned B) standing-room-only C) assumptive D) minor points E) stimulus-response
Lakeside Company has not declared nor paid dividends on its cumulative preferred stock in the last three years. These dividends should be reported
a. in a note to the financial statements. b. as a reduction in stockholders' equity. c. as a current liability. d. as a noncurrent liability. e. None of these choices is correct.
Which of the following was the first accounting standard to address lessor accounting?
a. ARB 38 in 1949 b. APB Opinion No. 7 in 1966 c. APB Opinion No. 3 in 1973 d. SFAS No. 13 in 1976
If a merchant displays a coat at a particular price, he has a binding requirement to sell at that price
Indicate whether the statement is true or false