Reference: Matching Key Terms and Definitions a) Stake b) Primary stakeholder c) Secondary stakeholder 1. Business partners‚ customers‚ and employees. A. a) B. b) C. c) 2. An interest‚ claim‚ or right to something. A. a) B. b) C. c) 3. Opinion formers‚ community‚ and authorities. A. a) B. b) C. c) 4. Organization cultures vary widely‚ even within the same industry. a. True b. False 5. According to the authors‚ ethical behavior is defined
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Running head: CULTURAL VALUES AND PERSONAL ETHICS Effect of Cultural Values and Personal Ethics Anne E. Bonidie University of Phoenix Effect of Cultural Values and Personal Ethics Decisions we make everyday are influenced in part by our core values. Our cultural background‚ individual bias‚ personal ethics‚ and past experiences help to form the basis of our value system. "We begin sharpening our values at a very early age. Our parents‚ teachers‚ friends‚ religious leaders‚ heroes
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“Unethical Decisions Making is at the For-Front of Corporate Scandals” BUS600: Management Communication with Technology Tools” Sherrie Lewis Altrice Mitchell December 12‚ 2011 Ashford University Individuals make personal decisions about what they believe is right or wrong. These decisions are based on ethics. Ethics are a set of moral principles in values that govern behavior. Like individuals‚ businesses develop ethics to help them determine how to behave(Rue‚ Byers‚ 2007). Business
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Enron‚ Ethics And Today’s Corporate Values Enron’s heyday has long ended. But its lessons will long endure. The global business community is now watching a painful new chapter is this saga — one where its former high-riding chief executive officer‚ Jeff Skilling‚ is getting a decade shaved off of his prison term that should now end in 2017. Enron: The Smartest Guys in the Room (Photo credit: Wikipedia) The company’s failure in 2001 represents the biggest business bankruptcy ever while also spotlighting
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Financial Reporting Problems at Molex‚ Inc. (A) : . n mid-November 2004‚ Molex’s Board of Directors met to decide the future of Joe King and Diane Bullock‚ the company’s CEO and CFO respectively. Molex’s external auditors‚ Deloitte &c Touche‚ had accused both of failing to disclose an $8 million pre-tax inventory valuation error in a recent letter of representation to the auditors. In response‚ King and Bullock argued that at the time of their letter they had determined that the financial
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decisions on a daily basis. Recent events and highly publicized criminal acts of some CEO’s and other executive officers of United States corporations have placed company behavior on the front page. Some of these corporations include WorldCom‚ Enron‚ Adelphia Communications‚ Computer Associates and Tyco. Executives from all of these companies have been convicted of crimes including fraud‚ conspiracy‚ insider training‚ bank fraud and falsifying records‚ with jail terms ranging from six to twenty-five
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the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or Sarbox. This law was passed in response to a number of major corporate and accounting scandals including those affecting Enron‚ Tyco International‚ Adelphia‚ Peregrine Systems and WorldCom. These scandals‚ which cost investors billions of dollars when the share prices of the affected companies collapsed‚ shook public confidence in the nation ’s securities markets. Named after the sponsors Senator Paul
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THE ETHICS OF CREATIVE ACCOUNTING Introduction: In the accounting world‚ the general rule is that accounts should give a true and fair view. Under local and international law‚ a professionally experienced accountant has a responsibility to meet the terms‚ a corporation has a legal responsibility to meet the terms‚ and auditors have a legal responsibility to give some species of judgment on compliance. Although the function of accounting principles and other rules‚ creative accounting has constantly
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Review of Accounting Ethics – Worldcom ACC557 Financial Accounting Cornelia H. Brown Strayer University Review of Accounting Ethics - Worldcom In a business world pressured to meet organizational objectives such as high revenue growth it is not alarming that conduct by decision makers may be deemed as questionable practices. These practices within the past two decades have resulted in a number of organizations finding themselves confronted with ethical dilemmas and the aftermath
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Organizational Behavior and Terminology Concepts In my opinion in today ’s competitive environment‚ the successes of any organization with any kind of management or leadership structure still depend on its behavior. In fact‚ organizational behavior is the behavior of its people‚ not the behavior of itself. In the same token‚ understanding the principal of organizational behavior is not only important for everyone but also for the management teams and leadership as well. Organizational Behavior
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