All categories

3 years ago

Ethical dilemma ethical lapse

Business

1 answer:

makkiz [27]3 years ago

5 0

Answer:

An ethical lapse is a mistake or error in judgement that produces a harmful outcome (Roslyn Frenz, n.d., para. ... Otherwise there are grave consequences for such ethical lapses and could result in widespread harm to the company and to the society at large.

In both situations presented, I believe them to be ethical dilemmas. An ethical dilemma is considered to be a problem between two possibilities that are not acceptable or preferable. Making a choice between the two would result in hurting the other. Employing the child is wrong because of labor laws, but the child is able to provide for themselves because of it. Taking away the employment would make the child homeless and hungry. The second scenario is also a dilemma because you run the risks of loosing profits if you do things the correct way. Neither choice would result in a preferable outcome. Doing the right thing sometimes comes with a price.

Explanation:

Examples of ethical lapses include business-related misconduct such as fraud, bribery, insider trading, and environmental disasters involving negligence or recklessness. They also include personal ethical misconduct, such as inflated résumés and sexual indiscretions.

You might be interested in

The purpose of applying for a patent is to protect the company's right to

Marizza181 [45]

The purpose of applying for a patent is to protect the company's right to have the idea for yourself and not have people knock it off.

6 0

4 years ago

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.9 hours

topjm [15]

Answer:

-$30,250 favorable

Explanation:

labor efficiency variance = (standard quantity - actual quantity) x standard labor cost

actual quantity = 7,700 hours
standard quantity = 9.9 hours x 1,000 units = 9,900
standard labor cost = $13.70

labor efficiency variance = (7,700 - 9,900) x $13.70 = -$30,250 favorable variance

the variance is favorable, because less hours were actually used than forecasted

5 0

3 years ago

Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system.

olga2289 [7]

Answer:

April 1

Trade Receivable - Mann Company $5,500 (debit)

Revenue $5,500 (credit)

Cost of Goods Sold $2,500 (debit)

Merchandise $2,500 (credit)

April 2

Merchandise $9,000 (debit)

Trade Payable - Wild Corporation $9,000 (credit)

April 4

Merchandise $1,000 (debit)

Trade Payable - Ryan Company $1,000 (credit)

April 10

Discount Allowed $110 (debit)

Trade Receivable - Mann Company $110 (credit)

Cash $5,390 (debit)

Trade Receivable - Mann Company $5,390 (credit)

April 11

Trade Payable - Wild Corporation $9,000 (debit)

Cash $9,000 (credit)

Explanation:

Note : Leiss uses the perpetual inventory system

Therefore,

Recognize the Cost of Goods Sold with each sale that is made.

7 0

3 years ago

If you previously made contact for a similar digging project at the exact location, you don't need to call 811 again. Is this st

Olenka [21]

True I believe that would be the answer

5 0

4 years ago

Read 2 more answers

A constant-cost industry is one in which_______

tiny-mole [99]

Answer:

b.if 100 units can be produced for $100, then 150 can be produced for $150, 200 for $200, and so forth.

Explanation:

Constant-cost means the cost of producing one unit of product does not change no matter how many products each firm in the industry decide to produce.

If the cost of production is $100 for 100 units, $150 for 150 units, $200 for 200 units and so forth, it means the unit production cost is a constant $1 regardless of the quantity to be produced.

4 0

3 years ago