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tamaranim1 [39]
3 years ago
12

More and more companies have adopted written codes of ethics. Although these codes vary greatly, they can be put into two catego

ries: compliance-based and integrity-based. Compliance-based ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. Integrity-based ethics codes define the organization's guiding values, create an environment that supports ethically sound behavior, and stress shared accountability.
Write the features to the correct type of Ethics Code. Match with the ideal, objective, leader type and methods.
Features of Compliance- Features of Integrity-
Based Ethics Codes Based Ethics Codes
Ideal
Obective
Leader
Methods

Avoid criminal misconduct
Education, reduced employee discretion
Enable responsible employee conduct
Lawyers
Managers
Conform to outside standards and chosen internal standards
Accountability, decision processes, controls
Conform to outside standards
Business
1 answer:
Anestetic [448]3 years ago
7 0

Answer:

Ethics Code and Features

                                                      Ethics Codes

Features  Integrity- Based Ethics                Codes Based Ethics Codes

Ideal:          Accountability, decision            Education, reduced employee

                  processes, controls                   discretion

Objective: Enable responsible employee  Avoid criminal misconduct

                 conduct

Leader:     Managers                                   Lawyers    

Methods: Conform to outside standards   Conform to outside standards

               and chosen internal standards    

Explanation:

Codes of ethics refer to the governing principles and expectations that regulate the behavior of individuals and organizations in the conduct of their professional responsibilities and business activities.  Two broad categories have been identified for written codes of ethics.  They are compliance-based (rules-based) codes and integrity-based (principles-based) codes.  Rules-based or compliance-based codes emphasize prevention, while principles-based or integrity-based codes provide guidance.

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Answer:

3. Correctly ignored a sunk cost

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In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

7 0
3 years ago
GoodTimes, Inc. has asset turnover of 0.5 times, a net profit margin of 10% and average total assets of $100, what is its net in
adelina 88 [10]

Answer:

$5

Explanation:

Given that,

Asset turnover ratio = 0.5 times

Net profit margin = 10 percent

Average total assets = $100

Asset turnover ratio = sales ÷ Total asset

0.5 = sales ÷ $100

sales = $50

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3 years ago
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3 years ago
On January 1, 2012, Albert invested $6,000 at 8 percent interest per year for three years. The CPI (times 100) on January 1, 201
qaws [65]

Answer:

Inflation in 2012:

=\frac{CPI\ 2013 - CPI\ 2012}{CPI\ 2012}

=\frac{110 - 100}{100}

= 10%

Inflation in 2013:

=\frac{CPI\ 2014 - CPI\ 2013}{CPI\ 2013}

=\frac{120 - 110}{110}

= 9.09%

Inflation in 2014:

=\frac{CPI\ 2015 - CPI\ 2014}{CPI\ 2014}

=\frac{126 - 120}{120}

= 5%

Real rate of interest = Nominal - inflation

Given that,

Nominal rate = 8%

Therefore,

Real interest rate is as follows:

2012:

= 8% - 10%

= -2%

2013:

= 8% - 9.09%

= -1.09%

2014:

= 8% - 5%

= 3%

$6000 at 8% grows to:

= 1000 × 1.08

= $6,480 in one year

which is invested again to grow to $6,998.4 in two years

which is invested again to grow to $7,558.272 in three years

so,

Total gain:

=\frac{7,558.272-6,000}{6000}\times100

= 25.9712%

The price level increases in three years by:

=\frac{CPI\ 2015 - CPI\ 2012}{CPI\ 2012}\times 100

=\frac{126 - 100}{100}\times 100

= 26%

So,

Total real rate of return:

= Total gain - Percentage increase in prices

= 25.9712 - 26

= -0.0288%

5 0
3 years ago
Davidson international has 13,700 shares of stock outstanding at a price per share of $28. the firm has decided to repurchase 50
alexdok [17]

The shareholder equity is equal to:

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This is the total capital of Davidson International. Now, assuming that there is no additional income since it is not implied in the problem, the total equity does not change. However, the shares become: 13,700 + 500 = 14 200 shares.

Price per share now becomes:

$383 600 / 14 200 shares = $27/share

6 0
3 years ago
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