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tangare [24]
3 years ago
14

What should you do if you suspect your boss of unethical business practices?

Business
2 answers:
Zina [86]3 years ago
8 0

The other day, someone asked me about the last time my ethics had been tested at work and how I reacted.

I wasn’t sure how to respond. It’s a good question, and I wanted to answer it. Still, I hesitated to reveal too much about some of the less-than-honest bosses I’ve reported to in the last two decades.

These are bosses who lied, gossiped about their staff to other staff, broke confidences, fudged numbers to governmental agencies, botched payroll tax withholdings and covered it up, and willfully and recklessly turned a blind eye to leadership abuse — for starters.

Leona [35]3 years ago
5 0

- Ethical challenges can be complex; your response will depend to a great extent on the importance or quality of the ethical breach and on your personal situation. Here are some tips for managing situations when they arise.

- Small, simple ethical breaches may result from employees being lazy, unobservant, or unengaged. Often, the best way to address such issues is to avoid personal confrontation but instead to set clear general policies and respond publicly when they’re not followed. Most employees who have a problem pointed out find it’s easier to behave appropriately than to argue the point.

- More serious ethical breaches may require a more considered response. If you are reliant on your job for an income and your supervisor or coworker is doing something that is unethical but not illegal, you will have to decide whether you can afford to speak up and risk losing your job. If you do decide to speak up, carefully document the problem before saying anything. Be sure you have all your facts straight and can prove your point, especially if you’re the only one who knows about the issue.

- If the issue you’re confronting is illegal (embezzling, breaching the Equal Opportunity laws, sexual harassment, etc.) you must say something—but there is also (in most cases) a clear system for documenting the problem and bringing it to the attention of Human Resources. You may not need to reveal that you are the “whistle blower;” Human Resources will pick up the ball and handle the next steps.

- No matter what the level of ethical concern, be sure you don’t participate just to “get along.” If you truly believe that you’re being asked to do something unethical, make it clear that you are not willing to be part of the problem. While that may be risky at some level, it’s far riskier to be an accessory to immoral or illegal activity.

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Question 13 What is the value of Country 2's net exports?
blondinia [14]
Option B, $45 Billion
6 0
2 years ago
Nutech Corp. is expecting the following cash flows—$79,000, $112,000, $164,000, $84,000, and $242,000—over the next five years.
Alja [10]

Answer:

$429,560

Explanation:

Present value will be calculated through the PV formula,

PV = \frac{C1}{1+r}  + \frac{C2}{(1+r)^{2} } + \frac{C3}{(1+r)^{3}} + \frac{C4}{(1+r)^{4}} + \frac{C5}{(1+r)^{5}}

r = 15%

C1 = $79,000 ,C2 = $112,000 ,C3 = $164,000 ,C4 = $84,000 ,C5 = $242,000

Substituting the values in the formula,

PV = \frac{79,000}{1.15}  + \frac{112,000}{(1.15)^{2} } + \frac{164,000}{(1.15)^{3}} + \frac{84,000}{(1.15)^{4}} + \frac{242,000}{(1.15)^{5}}

PV = 68,695.66 + 84,688 + 107,838 + 48,030.2 + 120,338.14

PV = $429,560

The present value of the cash flows of Nutech Corp. over the next five years is $429,560.

8 0
3 years ago
LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620
Gnom [1K]

Answer:

LeCompte Corp.

The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:

A) 7.57%.

Explanation:

a) Data and Calculations:

Assets = $312,900

Common Equity = Assets = $312,900

Sales for the last year = $620,000

Net income after taxes = $24,655

Expected return on equity (ROE) = 15%

ROE (in amount) =  $312,900 * 15% = $46,935

Profit margin = Returns on Equity/ Sales * 100

= $46,935/$620,000 * 100

= 7.57%

b) The expected returns on equity in dollars is equal to the net income.  Therefore, we can use the ROE to calculate the profit margin.  The profit margin expresses the relationship between sales and profit.  It shows the profit made from each dollar sales.

4 0
3 years ago
About 85% of this country is counted in the labor force is involved in agriculture. This country mostly produces cocoa, coffee,
Sever21 [200]

Answer:

Traditional Stage

Explanation:

In the traditional stage, most of the occupation of the population is always agriculture, the people are over reliant on the finished goods of other countries because of their lower wealth and most of the population is living in the rural areas, which is the case here. As it seems that the country is struggling to achieve a take-off stage because it is trying to attract foreign investment (An American company has invested in Oil reserves extraction), so we can say that it is still in the traditional stage because it hasn't increased its home demand for technology, infrastructure development, production increases, greater trade with other countries, etc which are the characteristics of the take-off stage.

5 0
3 years ago
Given the following information and assuming beginning inventory was zero and a periodic inventory system was used, what is the
aivan3 [116]

Answer:

A.  $650 $750 $677

Explanation:

period                 purchases                            sales

1                        20 units at $50                15 units at $60

2                       35 units at $40                35 units at $45

3                       85 units at $30                85 units at $35

total revenue = $900 + $1,575 + $2,975 = $5,450

COGS:

  • using FIFO = (15 x $50) + (5 x $50) + (30 x $40) + (5 x $40) + (80 x $30) = $4,800
  • using LIFO = (15 x $50) + (35 x $40) + (85 x $30) = $4,700
  • cost average = ($4,950 / 140 units) x 135 units = $4,773.21

Gross profit:

  • using LIFO = $5,450 - $4,800 = $650
  • using FIFO = $5,450 - $4,700 = $750
  • using cost average = $5,450 - $4,773.21 = $676.79 ≈ $677
4 0
3 years ago
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