4. Which of the following statements are true regarding Donato's possible response to the ethical conflict arising out of the controller's insistence that the company avoid competitive bidding? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? She should never go to the next-higher managerial level as this would mean bypassing of levels of authority and create further damage to her relations with the manager. ? Ethical conflicts are a part of everyday office life and is no cause for resigning. ? She should follow the company's established policies on such matters. ? The ethical requirement of competence would imply that Donato should try and resolve the conflict herself instead of discussing with other advisors. If the ethical conflict still exists after exhausting all avenues of internal review, she may have to resign from the company and submit an informative memorandum to the board of directors. Donato should clarify relevant concepts by confidential discussions with an objective advisor to obtain an understanding of possible courses of action.
4. Which of the following statements are true regarding Donato's possible response to the ethical conflict arising out of the controller's insistence that the company avoid competitive bidding? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? She should never go to the next-higher managerial level as this would mean bypassing of levels of authority and create further damage to her relations with the manager. ? Ethical conflicts are a part of everyday office life and is no cause for resigning. ? She should follow the company's established policies on such matters. ? The ethical requirement of competence would imply that Donato should try and resolve the conflict herself instead of discussing with other advisors. If the ethical conflict still exists after exhausting all avenues of internal review, she may have to resign from the company and submit an informative memorandum to the board of directors. Donato should clarify relevant concepts by confidential discussions with an objective advisor to obtain an understanding of possible courses of action.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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examining the costs, Donato suggested to her supervisor, Gerard LePenn, who is the controller, that they request
competitive bids from vendors for the raw material as the current quote seems high. LePenn insisted that the prices are in
line with other vendors and told her that she was not to discuss her observations with anyone else. Donato later
discovered that LePenn is a brother-in-law of the owner of the current raw-material supply vendor.
4. Which of the following statements are true regarding Donato's possible response to the ethical conflict arising out of the controller's
insistence that the company avoid competitive bidding? (You may select more than one answer. Single click the box with the
question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for
a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
? She should never go to the next-higher managerial level as this would mean bypassing of levels of authority and create further damage to
her relations with the manager.
? Ethical conflicts are a part of everyday office life and is no cause for resigning.
? She should follow the company's established policies on such matters.
? The ethical requirement of competence would imply that Donato should try and resolve the conflict herself instead of discussing with other
advisors.
If the ethical conflict still exists after exhausting all avenues of internal review, she may have to resign from the company and submit an
informative memorandum to the board of directors.
Donato should clarify relevant concepts by confidential discussions with an objective advisor to obtain an understanding of possible
courses of action.
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