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4 years ago

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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If a society decides to produce consumer goods from its available resources, it is answering the basic economic question,

dexar [7]

Answer:

What to produce?

Explanation:

What to produce?

Due to the fact that resources are scarce, a producer has to decide what he wants to produce.

In the question above, the consumer has decided to produce consumer goods.

How to produce?

The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .

For whom to produce?

A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.

I hope my answer helps you

6 0

4 years ago

On January 15, Walton Company sold merchandise on account for $3,000 with terms 3/10, n/30. On January 20, the customer returns

Margaret [11]

Answer:

The amount received in cash is $2,328

Explanation:

The amount which is received in cash is computed as:

On January 20, the amount of $600 goods returns from customer, so the remaining balance is

= $3,000 - $600

= $2,400

On the remaining balance, the discount which is evaluated as the payment is received within the discount period which is January 25. So,

= $2,400 x (100% - 3%)

= $ 2,400 x 97%

= $ 2,328

7 0

3 years ago

Zahra is an employee at colorz inc. she loves gossiping about her colleagues during office hours, which causes her to receive a

Sphinxa [80]

<span>Zahra is an employee at colorz inc. she loves gossiping about her colleagues during office hours, which causes her to receive a reprimand by her supervisor, dan. a few days later, dan fires gunther, another subordinate, from work for a similar reason. the employees reporting to dan are most likely to conclude he demonstrates a lack of outcome fairness in dealing with employees who gossip at work.

</span><span>Outcome fairness is a judgment that the consequences given to employees are just.</span>

3 0

3 years ago

What is the principle of the law of supply?

seropon [69]

B. The higher the price, the larger the quantity produced.

6 0

4 years ago

Read 2 more answers

find the accumulated amount at the end of 9 months on an $800 deposit in a bank paying simple interest at a rate of 6% per year.

Valentin [98]

As per the given figure, after calculating the accumulated amount, the figure that has been arrived is $1,232.

<h3>What is the accumulated amount?</h3>

Accumulated value or accumulated amount, both are synonyms. It is used to refer to the cash value. Basically, this means there is an easy way of calculating the accumulated value.

All one has to do is to find the total or the sum of the initial investment and, in that addition, the interest which has been earned till date will be added. Formula for calculating the simple interest is

Accumulated amount =Principal amount (1+rate * time)

Here Principal amount = $800, rate= 0.06, time=9 months

Accumulated amount = 800 (1+(0.06*9) = 800 (1+ 0.54 ) = $1,232.

Thus, the accumulated amount for the given data is $1,232.

Learn more about accumulated amount from here:

brainly.com/question/12903532

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7 0

2 years ago