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    Ethical Issues and Dilemmas

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    Maria
    The document defines and provides examples of several ethical terms: - Conflict of interest is when a responsibility to one party limits responsibility to another, like an uncle being judged by his favorite niece. - Corporate accountability is a company being accountable to stakeholders like shareholders and community. - Corporate culture is the values and behaviors that make up a company's unique environment. - Fraud involves deception to gain an unfair advantage, like reporting unauthorized credit card charges. - A kickback is a portion of income demanded as a bribe, like paying $1000 for receiving a job award. - Transparency involves visibility or clarity, though the example given is unclear. - A whistleblower exposes illegal business

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    Ethical Issues and Dilemmas

    Uploaded by

    Maria
    13 views2 pages
    The document defines and provides examples of several ethical terms: - Conflict of interest is when a responsibility to one party limits responsibility to another, like an uncle being judged by his favorite niece. - Corporate accountability is a company being accountable to stakeholders like shareholders and community. - Corporate culture is the values and behaviors that make up a company's unique environment. - Fraud involves deception to gain an unfair advantage, like reporting unauthorized credit card charges. - A kickback is a portion of income demanded as a bribe, like paying $1000 for receiving a job award. - Transparency involves visibility or clarity, though the example given is unclear. - A whistleblower exposes illegal business

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    The document defines and provides examples of several ethical terms: - Conflict of interest is when a responsibility to one party limits responsibility to another, like an uncle being judged by his favorite niece. - Corporate accountability is a company being accountable to stakeholders like shareholders and community. - Corporate culture is the values and behaviors that make up a company's unique environment. - Fraud involves deception to gain an unfair advantage, like reporting unauthorized credit card charges. - A kickback is a portion of income demanded as a bribe, like paying $1000 for receiving a job award. - Transparency involves visibility or clarity, though the example given is unclear. - A whistleblower exposes illegal business

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    13 views2 pages

    Ethical Issues and Dilemmas

    Uploaded by

    Maria
    The document defines and provides examples of several ethical terms: - Conflict of interest is when a responsibility to one party limits responsibility to another, like an uncle being judged by his favorite niece. - Corporate accountability is a company being accountable to stakeholders like shareholders and community. - Corporate culture is the values and behaviors that make up a company's unique environment. - Fraud involves deception to gain an unfair advantage, like reporting unauthorized credit card charges. - A kickback is a portion of income demanded as a bribe, like paying $1000 for receiving a job award. - Transparency involves visibility or clarity, though the example given is unclear. - A whistleblower exposes illegal business

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Ethical issues and dilemmas

    Define each of the following terms and provide an example that illustrates your understanding
    of the meaning:

    Conflict of interest: A situation in which a party's responsibility to a


    second-party limits its ability to discharge its responsibility to a third-
    party.

    Alice was found to have a conflict of interest and forbidden to act as


    judge in her favorite uncle's trial.

    Corporate accountability: The act of being accountable to


    the stakeholders of an organization, which may
    include shareholders, employees, suppliers, customers, the local
    community

    Jack’s sportswear, start taking corporate accountability of dealers and compasses


    throughout the day.

    Corporate culture: The values and behaviors that contribute to the unique
    social and psychological environment of an organization.

    If you want your employees to be motivated and happy you should try to
    get the best possible corporate culture at your workplace.

    Fraud: Act or course of deception, an intentional concealment, omission,


    or perversion of truth, to gain unlawful or unfair advantage.

    I immediately called my bank to report fraud after I noticed purchases on


    my credit card statement that I did not make.
    Kickback: Portion of an income demanded as a bribe by an official for
    facilitating the job or order from which the income is realized.

    When you bid on a job and job is awarded to you and you have to pay someone $1000
    because your received the award, this $1000 payment is an example of a kickback.

    Transparency: See-through, clear piece of acetate used for


    projecting data, diagrams, and text onto a screen with
    an overhead projector.

    Due to oversight, we have been ordered to take the doors off the hinges. It
    give the impression of transparency, it gives a chance for the workers to
    see us.

    Whistle-blower: can be employees, suppliers, contractors, clients or any individual


    who somehow becomes aware of illegal activities taking place in a business either
    through witnessing the behavior or being told about it.

    The company’s whistleblower is hoping to get another chance to search for


    government waste

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