Based on the scenario in the photo answer the following questions. A-Help management understand the issue from Jack’s perspective. Describe the ethical dilemma that Jack faces. What is the issue? Who are the parties involved? If you were Jack, what would you consider when making a decision?
Based on the scenario in the photo answer the following questions. A-Help management understand the issue from Jack’s perspective. Describe the ethical dilemma that Jack faces. What is the issue? Who are the parties involved? If you were Jack, what would you consider when making a decision?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
Based on the scenario in the photo answer the following questions.
A-Help management understand the issue from Jack’s perspective. Describe the ethical dilemma that Jack faces. What is the issue? Who are the parties involved? If you were Jack, what would you consider when making a decision?
B-Help management understand the elements of the fraud triangle in this situation which increase the chances of fraud. Why is this fraud? What are the opportunities, motivations and rationalizations that you see? How does this affect the business financially?
C-Help management come up with a plan to minimize the likelihood of this happening in the future. Be sure to mention specific components of the COSO framework.
Transcribed Image Text:Ethics
AP4-5 Between his freshman and sophomore years of college, Jack takes a job as ticket
collector at a local movie theatre. Moviegoers purchase a ticket from a separate employee
outside the theatre and then enter through a single set of doors. Jack takes half their ticket, and
they proceed to the movie of their choice.
Besides trying to earn enough money for college the next year, Jack loves to watch movies.
One of the perks of working for the movie theatre is that all employees are allowed to watch
one free movie per day. However, in the employee handbook it states that friends and family of
employees are not allowed to watch free movies. In addition, employees must pay full price for
all concession items.
Soon after starting work at the theatre, Jack notices that most other employees regularly
bring their friends and family to the movie without purchasing a ticket. When Jack stops them
at the door to ask for their ticket, they say, "Jack, no one really follows that policy. Just be cool
and let us in. You can do the same." Jack even notices that upper management does not follow
the policy of no family and friends watching free movies. Furthermore, employees commonly
bring their own cups to get free soft drinks and their own containers to eat free
Jack considers whether he should also start bringing friends and family and enjoying the
free popcorn and beverages. He reasons, "Why should I be the only one following the rules?
If everyone else is doing it, including upper management, what harm would it be for me to do
it too? After all, when you watch a movie you aren't really stealing anything, and popcorn and
drinks cost hardly anything. Plus, I really need to save for college."
popcorn.
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