If Olympus is found guilty, will the fine of $17.3 million be enough? Why or why not? Ethics hotlines can be an effective resource for identifying unethical actions in a company. Why, in your opinion, did Olympus allow the hotline to be run internally? Japanese culture seems to play a large role in this case. Explain the concept of due diligence and how it differs in American culture. What stakeholders are affected in this case, other than the shareholders?

The Olympus scandal was a case of accounting fraud exposed in Japan in 2011 at optical equipment…

Answered: If Olympus is found guilty, will the…

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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If Olympus is found guilty, will the fine of $17.3 million be enough? Why or why not?
Ethics hotlines can be an effective resource for identifying unethical actions in a company. Why, in your opinion, did Olympus allow the hotline to be run internally?
Japanese culture seems to play a large role in this case. Explain the concept of due diligence and how it differs in American culture.
What stakeholders are affected in this case, other than the shareholders?

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