2021FA-BUS-2220-DL01 Business Law I (...Description:Catherine Romanov was a loan officer who needed one last lodto make her quota for the month. Yvonne Gunner, who was omy afreshman in college, walked in one day for a loan for a newsoftware business she was starting. She had never dealt withbanks before and did not understand the nuances of loans butasked very good questions. Ms. Romanov, however, wwas ruthlessand intentionally did not answer the questions accurately. HadMs. Gunner received accurate answers to her questions, shewould not have taken the loan. After six months, Ms. Gunnerdefaulted on the loan, and the bank pursued her for payment.Does Ms. Gunner have any remedies?Vour response is due on or before 14 November 2021.Quizzes 6 - 8 are due 14 November 2021.uizzes 9 - 10- are due 21 November 2021.

Although it's wrong to be defaulted in the bank. Some borrower intentionally defaulted in the bank…

Answered: 2021FA-BUS-2220-DL01 Business Law I…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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The following information assumes that the CFA Institute Code of Ethics and Standards are applicable. Maria has recently joined the LLT group. Today a client approaches Maria for some investment advices on how to accumulate his personal wealth. Lenora, who is Maria’s supervisor, just walks past and overhears their conversation. Lenora asks Maria to convince the client to invest in a private equity fund. Maria has a different thought and believes the private equity fund could be too risky for the client. However, she wants to receive a good evaluation from the supervisor and hence she recommends the client to invest in the private equity fund for a good return. You are required to establish what is unethical and which Standard is most likely violated.
You find a valuable piece of jewelry while shopping at a retail store. Instead of turning it in to lost and found, you put it in your pocket under the principle that“Everyone else would take it, too.” Which ethical principle does this illustrate? a. Libertarian b. Generalization c. Universal d. Religious
11
Explain the American Recovery and Reinvestment Act (2009).
How to respond to this in 100 words? Ethics and strategic management relates because both weighs heavily on making sound decisions for the business and being held accountable for individual at risk behaviors. One benefit of utilizing ethics in an organization is that it creates a trustworthy environment in which the company has confidence in their employees to do the right thing. Another benefit for utilizing ethics is having high performing employees who have regards for both the business aspect of the company and possessing the responsibility for making solid moral decisions. “Managerial ethics refers to an individual’s responsibility to make business decisions that are legal, honest, moral, and fair” (Parnell, 2017, p. 116). For managers, it is also their moral responsibility to make sure that employees are in compliance with their work obligations and conduct themselves in a professional manner. “As a consequence, management needs to confront the challenge of balancing the…
Agency Issues. One of the “Finance through the Ages” episodes that we cited is the 1993 collapse of Barings Bank, when one of its traders lost $1.3 billion. Traders are compensated in large part according to their trading profits. How might this practice have contributed to an agency problem?
The U.S. Securities and Exchange Commission (SEC) released its final rule to implement a code of ethics under SOX Title 404. The stock exchanges have proposed that each company listed on the exchanges publish its code of ethics. Discuss how disclosures of a code of ethics by senior management could have a positive effect on public confidence and influence investors' behavior. Discuss the consequences of not establishing a code of ethics. Support your position. Evaluate the importance of senior management in setting the tone for the application of the company's code of ethics and promoting positive employee behavior, improved decision making, or the willingness to report unethical behavior of coworkers. Recommend at least two policies that might encourage employees to report unethical behavior.
After searching for following information online: a.WorldCom fraud b.Background of the CEO, Bernie Ebbers c.How WorldCom’s market capitalization grew to one of the largest firms in the US d. Information on the trial and related court testimony that convicted Bernie Ebbers e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and f. The role WorldCom's Controller played in the fraud. Question 1: Compare the lack of asset forfeiture between Bernard Ebbers and Bernard Madoff. Question 2: To what extent is it agreeable with Judge Caproni’s statement that Ebbers essentially served a life sentence? Please provide references.
Marcia bought a home. She paid $475,000. Her loan amount was $380,000. Calculate her LTV ratio. 85% 92% 77% 80% h
Read and analyze the following situation.Bernard J. Ebbers, chief executive officer and founder of the telecommunications giant, WorldCom, owed the corporation $375 million for a loan secured by shares he owned in the company. The value of the company's stock was declining, to the point that the value of its shares was less than the amount of the loan. On February 2, 2002, Mr. Ebbers engaged in a series of communications with leading Wall Street stock analysts, whose opinions helped drive up the stock price, to refute negative news about the company's financial condition. , which was frightening investors. That day, the company's shares increased by 12% in value. Four months later, the company filed for bankruptcy protection due to its precarious economic condition. Answer the following questions:Are the actions mentioned above illegal? Are they unethical? Support and explain your answer. What is the difference between an illegal action and an unethical one? Support and explain your…
Which one fits the blink: reciprocity, liking, scarcity, authority, social proof. If you do a favor for me, at some point I will do a favor for you; this idea of repaying a debt is known as the principle of ------.
H1. Account Newspaper headlines frequently highlight instances where business professionals are accused of engaging in unethical behavior. Are ethics important to the conduct of management accountants? Why or why not?

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