Question:True or false? A company's strategy needs to be ethicalbecause a strategy that is unethical not only damagesthe company's reputation, but it also can have costlyconsequences.

Concept Introduction Strategies of companies are defined as the structures, policies, plans or…

Answered: Question: True or false? A company's…

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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Search 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: Specify how would owning and operating a small family business, like WorldCom at a time in history with rapid development and growth, create potential temptations and opportunities to commit fraud? Question 2: As an expert witness asked to testify whether the journal entries recording fictitious revenues were fraudulent, whether the journal entries that improperly capitalized operating expenses as assets on the balance sheet were fraudulent. What facts would be highlight and included in evidence to support the testimony as an expert witness? Please…
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10. Give three specific examples of a way in which the government has influenced an organization. Then give three specific examples of a way in which an organization has influenced the government. Do you think the government's actions were ethical? Were the company's actions ethical? Why or why not? Facus Accessibility: Unavailable Jan 30, 2022, 12:52 PM
3.4 ETHICS CASE: ASSIGNING COSTS Adapted from Mowen's "Managerial Accounting (7th Ed.)" Case 4-67 Tonya Martin, CMA and controller of the Parts Division of Gunderson Inc., was meeting with Doug Adams, manager of the division. The topic of discussion was the assignment of overhead costs to jobs and their impact on the division's pricing decisions. Their conversation was as follows: ● Tonya: Doug, as you know, about 25% of our business is based on government contracts, with the other 75% based on jobs from private sources won through bidding. During the last several years, our private business has declined. We have been losing more bids than usual. After some careful investigation, I have concluded that we are overpricing some jobs because of improper assignment of overhead costs. Some jobs are also being underpriced. Unfortunately, the jobs being overpriced are coming from our higher- ume, labor-intensive products, so we re losing business. Doug: I think I understand. Jobs associated…
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Question: True or false? A company's strategy needs to be ethical because a strategy that is unethical not only damages the company's reputation, but it also can have costly consequences.