Business Ethics

GRABMYESSAY.COM OFFERS TO EVALUATE SAMPLES OF VARIOUS TYPES OF PAPERS
High School ・Business ・APA ・4 Sources

Taking a decisive action to either document a slow moving stock or not in the end of year account could prove a difficult decision to take. It is a legal requirement for the chief financial officer to provide an honest and accurate account and more so in cases where the company is to be sold (Gellerman, 1986). If the slow stocks are not included in the account, there is a chance that the buyer interested in acquiring the company would never find out after buying the company. In addition, in favor of the workers, they could be retained, and in some cases get a pay rise. By this, even when the issue comes up later down the line, it would be resolved without anyone getting hurt in the process. On the other hand, refusing to generate falsified end year accounts would be the ethical way to go. With it, however, the chief financial officer stands at risk of losing their job. Another outcome is that the company will not sell as the shareholders expect which should annoy them greatly and several people will have to answer to the slow stock issue as well.

The solution to this challenge would be to indicate the right stocks in the end year reports so that in the coming year, the right steps can be taken to solve the problem before the company can be for sale. That way, the financial officer will have upheld integrity as is required. The rationalization outlines an activity as safe because it will never meet the public's eye is mistaken in this case (Guthrie, 2012). There is no guarantee that the truth will not surface at a later time. Another assumption is that making a decision for the good of the company and in the interest of self is a reason to defy ethical rules is misleading. Even for decisions that help the company, moral rules still apply.

Cooperate Social Responsibility

The stockholder theory asserts that the corporation has the sole responsibility to make and maximize profits. According to this theory, any engagements in responsibility to parties other than the stockholders should only be as directed by the law and must be in the interest of the shareholders altogether. The stakeholder theory adds some humanity to the rather cruel stockholder theory. The theory accepts all stakes as equal and the aim, therefore, is to strike a balance amongst contending stakes. A stakeholder is considered to be any party benefiting from or getting harmed by the activities of the corporation (Mason-Riseborough, 2003). The theory adds the responsibility of the stakeholder on the corporation, in essence, saying that a corporation has a social duty as well as a financial duty.

The stakeholder versus shareholder war is evident when construction or mining companies have to compensate the landowners for evictions or damages caused by their work. Many businesses are reluctant to do so citing a loss to the shareholders. By that reason, they are willing to infringe on the rights of others. Without laws to enforce the rights of the less fortunate victims, there would be a lot of harm done (Trudel & Cotte, 2008). The stakeholder theory is the most suitable. It allows companies to participate in strengthening the moral fiber of the society. That way peace and harmony can prevail. There is no more harm to stakeholders. Instead, they all benefit from the firm. Moreover, the entire society gets to benefit including other corporations that depend on the one under question.

References

Gellerman, S. (1986). Why “Good” Managers Make Bad Ethical Choices. Harvard Business Review. Retrieved 2 February 2017, from https://hbr.org/1986/07/why-good-managers-make-bad-ethical-choices

Guthrie, D. (2012). Paying More Than Lip Service to Business Ethics. Forbes.com. Retrieved 2 February 2017, from http://www.forbes.com/sites/dougguthrie/2012/01/31/paying-more-than-lip-service-to-business-ethics/#63fb755f750c

Mason-Riseborough, G. (2003). Stakeholders and Stakeholder Theories: An Analysis. Geocities.ws. Retrieved 2 February 2017, from http://www.geocities.ws/griseborough/55.htm

Trudel, R. & Cotte, J. (2008). Does Being Ethical Pay?. Wall Street Journal. Retrieved 2 February 2017, from https://www.wsj.com/articles/SB121018735490274425

Get a price
Academic level
Urgency
Pages *275 words
Total price
$ 0 .00
$ 0 .00

Prices that are easy on your wallet

Our experts are ready to do an excellent job starting at $14.99 per page

What Clients Say About Us
Our Customers Rated UsGreat
4.8
Out of 5 Based on 357 Reviews
I experienced difficult times trying to complete huge number of assignments to my university at the same time and you, guys, literally saved me. Everything was done in time and on the highest level! I really appreciate your help.
Edward,
Essay, History, 12 pages, 7 days, Master's
First time when I placed an order with you, I just lacked time to do all the homework and it was a lot going on in my family. But today I’m doing it sometimes just for fun – I really enjoy communicating with your Customer Support members and just letting myself being a bit lazy
Yuong Lo Mui,
Literature review, IT, 17 pages, 4 days, Master's
My GPA is 4.0 and I’ve always been doing everything myself, but there is a class which I was about to fail thus my GPA would decrease first time in so many years. I ordered few assignments to be completed with GrabMyEssay.com and you did a great job! Thanks to you I still remain one of the best students on campus.
Rosalinda,
Essay, Politics, 8 pages, 5 days, Junior
I am not used to such services and I usually write all the papers by myself. But this time I got in a very difficult situation and had to order my paper on this website. To my surprise it appeared to be quite good. Thank you, it is really nice service. Think I'll get back to you soon!
Jeremy,
Thesis, Management, 34 pages, 14 days, Master's
I am on my maternity leave now, so I spend a lot of time at home taking care of my little son. I’ve decided to get one more higher education degree while I’m spending so much time at home and applied for distance learning in one online college. But caring a baby takes even more time then I excepted so I’m the way too busy to write the complicated masters level research works, but GrabMyEssay.com is so-so-so cool! Thank you for that you exist! I don’t know what I would do without you all!
Karen,
Essay, Education, 15 pages, 8 days, Master's
I am studying and working at the same time and it is difficult to cope with university assignments as I am very tired after the work day. You service is a salvation for me as it helps to do everything on time. I am really happy about it. Wish you everything the best! Especially my lovely writer 109!
Desmond,
Coursework, Religion, 11 pages, 7 days, Master's

We at GrabMyEssay.com

work according to the General Data Protection Regulation (GDPR), which means you have the control over your personal data. All payment transactions go through a secure online payment system, thus your Billing information is not stored, saved or available to the Company in any way. Additionally, we guarantee confidentiality and anonymity all throughout your cooperation with our Company.

Try our service with 15% Discount for your first order!   Try our service with 15% Discount for your first order!   Try our service with 15% Discount for your first order!  

Order Now