Ethics is a organization's core principle or foundation of working. The HR department is responsible for carrying out various ethical codes and conducts.
Learn more about if you suspect your boss of unethical business practices.
- Ethical challenges can be complex; your response will depend to a great extent on the importance or quality of the ethical breach and on your personal situation. Here are some tips for managing situations when they arise.
- Small, simple ethical breaches may result from employees being lazy, unobservant, or unengaged. Often, the best way to address such issues is to avoid personal confrontation but instead to set clear general policies and respond publicly when they’re not followed. Most employees who have a problem pointed out find it’s easier to behave appropriately than to argue the point.
- More serious ethical breaches may require a more considered response. If you are reliant on your job for an income and your supervisor or coworker is doing something that is unethical but not illegal, you will have to decide whether you can afford to speak up and risk losing your job. If you do decide to speak up, carefully document the problem before saying anything. Be sure you have all your facts straight and can prove your point, especially if you’re the only one who knows about the issue.
- If the issue you’re confronting is illegal (embezzling, breaching the Equal Opportunity laws, sexual harassment, etc.) you must say something—but there is also (in most cases) a clear system for documenting the problem and bringing it to the attention of Human Resources. You may not need to reveal that you are the “whistle blower;” Human Resources will pick up the ball and handle the next steps.
- No matter what the level of ethical concern, be sure you don’t participate just to “get along.” If you truly believe that you’re being asked to do something unethical, make it clear that you are not willing to be part of the problem. While that may be risky at some level, it’s far riskier to be an accessory to immoral or illegal activity.
(b) What are some of the benefits and problems with this idea of voting with your wallet? (hint: consider the idea that people who have bigger wallets get more votes)?
(c) Would it be fair to give people voting powers based on their wealth? For example, would it be fair for people who have between one and two million dollars get two votes instead of one vote (in an election), and people with between two and three million dollar get three votes etc...
Answer:
(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.
(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.
(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.
Explanation:
(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.
(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.
(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.
a) both the Classical dichotomy and the long-run Phillips curve
b) the Classical dichotomy, but not the long run Phillips curve
c) the long-run Phillips curve, but not the Classical dichotomy
d) neither the long-run Phillips curve nor the Classical dichotomy
Answer:
The correct answer is d) neither the long-run Phillips curve nor the Classical dichotomy.
Explanation:
The answer that best suits the situation described is the Phillips curve in the short term but not in the long term.
The Phillips curve starts from the principle that the amount of money circulating (commonly called "money supply") has real effects on the economy in the short term. In this way, an increase in the money supply would have a beneficial effect on aggregate demand, as citizens will spend more when their nominal wages are increased (known as “monetary illusion”) and a more favorable framework for investment and investment will be created. that the prospects of rising prices will improve the expectations of corporate profits. The improvement in aggregate demand would result in greater economic growth, and this in turn in the creation of new jobs. This is how an inverse relationship between inflation and unemployment is established, expressed graphically by a downward curve.
The theory of the long-run Phillips Curve, but not the Classical Dichotomy, might imply that the unemployment rate in Flosserland could be above the natural rate due to persistent high inflation.
The correct answer to this question - which posits what would happen if Flosserland has maintained a long term inflation rate of 25% - is (c): the long-run Phillips curve, but not the Classical dichotomy. This conclusion is drawn from understandings of both the Classical Dichotomy and the long-run Phillips Curve.
The Classical Dichotomy is a theoretical construct that assumes a separation between real and nominal variables in an economy, indicating that changes in the money supply only affect nominal variables and wouldn't directly influence real economic factors like unemployment.
Conversely, the long-run Phillips Curve, is vertical suggesting there's no long-run trade-off between unemployment and inflation. In the long-run, changes in the inflation rate would not lead to a change in unemployment from its natural rate. However, if Flosserland has had a long-term high inflation rate, it's possible that expectations have not adapted and therefore unemployment could be above the natural rate. So only the long-run Phillips curve might suggest higher unemployment, but not the Classical dichotomy.
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Answer: Direct and indirect statement of cash flows
Explanation: statement of cash flows shows the overall computed inflow and outflow of cash that took place in an organization over a given period of time. It shows how well an organization managed it's cash which is used to settle it's debts and make profit.
The direct method only considers the cash inflow and outflow into account and produces the cash flow from it's operations.
The indirect method considers the net income as the starting point and prepare the inflow and outflow using adjustments.
An adjusting entry for accrued expenses involves a debit to an expense and a credit to a liability account.
What is adjusting entry?
Adjusting entries are made in journal entries especially when the financial year ends in order to make final adjustments. Thus, the expenses and revenues are recorded for the actual time period of their occurrence.
How the adjustment entry for an expense is recorded?
Wages expense A/c Dr.
To wages payable A/c
Hence, the recording of accrued expenses has to be made as soon as it arises as it is a liability to the business.
Learn more about accrued expenses here:
Answer:
Explanation:
The journal entry to record the accrued expense is shown below:
Example:
Wages expenses A/c Dr XXXXX
To wages payable A/c XXXXX
(Being the accrued expenses is recorded)
While recording the wages expenses, we debited the accrued expenses as it increases the expenses account and credited the wages payable account as the liabilities account is also increased
Answer:
90 canoes
Explanation:
Given:
Canoes in process = 20
percent completion = 40%
Number of canoes completed and transferred them to the Waterproofing Department = 82
Now,
The equivalent units of production
= Unit completed and transferred out + ( ending work in process × percent completion )
= 82 + ( 20 × 40% )
= 82 + 8
= 90 canoes
B. to entertain
C. to persuade
D. to commemorate
Answer:
Letter C. to persuade
Explanation:
The main purpose of television commercials is to persuade the public to consume the advertised products. In this way, through persuasion, that is, through the strategy of convincing the viewer through emotion; TV commercials influence your choice of consumer.
option C to persuade, just took the test