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kenny6666 [7]
4 years ago
6

Discuss the concept of ethics. Why is the purchasing profession particularly sensitive to this topic

Business
1 answer:
AVprozaik [17]4 years ago
6 0

Answer:

In order to understand how important ethics are for some company positions, we can pretend to be the purchasing manager of UPS and we must buy 10,000 trucks and vans for our delivery fleet. This purchase will be worth more than $300 million easily and that means a huge sales commission and a huge profit for the company that closes the sale.

Imagine that we are reviewing the specs of 2 or 3 different proposals and someone from a car company, e.g. GM or Ford, decides to visit us and makes an offer of $1 million if we accept their proposal.

What should we do? Any unethical person would clearly just grab the money and close the deal. Who could blame them, that amount would change someone's life. But is that decision ethical? Probably not.

If you accept the money, you would actually be receiving a bribe, which is not only unethical, it is also illegal. Ethics is basically our moral compass that guides us into doing what we consider right, and should help us to not do things that we consider to be wrong.

Ethics are not the same for all of us, some people might consider that it is more important to improve your family's well-being, than the well-being of the company. That is why ethics and morality provides us with some guidelines and general rules about what is right or wrong. Certain positions in a company are extremely sensitive to corruption, and purchasing is one of the most sensitive ones and not only for large purchases, but also for more common and everyday purchases.

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<span>Poor housing market put home buyers in a financially unstable position because when the home value decreases, property taxes and insurance costs increases. Though the amount of the housing is at low cost, taxes and insurance companies get competitive and demanding resulting to inflation over the years.</span>
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4 years ago
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Brief Exercise 12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $27,000 cash, an
Marysya12 [62]

Answer:

The journal entry is as follows:

Cash A/c Dr. $18,000

Equipment (Fair value) A/c Dr. $9,000

           To N's  capital                            $27,000

(To record the investment bought by Nichols)

Workings:

Cash contributed by Nichols = $18,000

Equipment's Book value = $6,300

Fair value of equipment = $9000

Nichols capital = $18,000 + $9,000

                         = $27,000

8 0
4 years ago
When dividing its total debt by its total equity, what’s a company try to measure?
sergejj [24]

It should be noted that when a company divides its total debt by its total equity, it's measuring its A. leverage.

<h3>What is a leverage?</h3>

It should be noted that the debt to equity ratio simply compares liability to the equity.

When dividing its total debt by its total equity, the company try to measure its leverage. This is important in order to know the financial standing of the firm.

Learn more about equity on:

brainly.com/question/1957305

3 0
2 years ago
The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses:__________. East W
Art [367]

Answer:

b. $(132,000)

Explanation:

                                                                 west

Sales                                                       478500        

less: variable costs                                327300

Contribution margin                               151200

less: Traceable fixed costs                    <u>147600</u>

Effect on net operating income               3600

company present net operating

loss is   (-159600 + 31200)                  -128400      

less: Dropping the west Division

would reduce net operating

income by                                                 3600

The overall company net

operating loss would be                     -132000

7 0
4 years ago
PLEASE HELP!!! 10 POINTS!!!
valentinak56 [21]

Answer:

please make sure you have the information correct and or look up brainly support or help

Explanation:

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