10/06/10 Re: Managerial Accountant Message: With us trying to obtain this new contract I feel it is now very important that we put together a 5-year plan, and in doing this I believe it is in the company’s best interest to hire another managerial accountant to focus on internal accounting. Managerial accounting is an activity that provides financial and non-financial information to an organization’s managers and other internal decision makers. This manager’s
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ExxonMobil and the Chad/Cameroon Pipeline A CEO of any multi-million dollar company is always left with ethical dilemmas that affect their profession. Most of these ethical dilemmas always center on employees, personal beliefs and environmental issues. In this case CEO Lee Raymond of ExxonMobil, was faced with the decision of building a pipeline in Chad and Cameroon. Until a Certain point in time, the pipeline was a shared interest among Shell and TotalFinaElf. However both the companies have
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DOI 10.1007/s10551-006-9202-6 Ó Springer 2006 A Model of Ethical Decision Making: The Integration of Process and Content Roselie McDevitt Catherine Giapponi Cheryl Tromley ABSTRACT. We develop a model of ethical decision making that integrates the decision-making process and the content variables considered by individuals facing ethical dilemmas. The process described in the model is drawn from Janis and Mann’s [1977, Decision Making: A Psychological Analysis of Conflict Choice and Commitment
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Business Ethics and Ethical Reasoning Managers are faced with daily decisions to ensure that they are leading by example in their managerial position. Managers must make sure their actions are fair, honorable, and reasonable to employees and customers is the groundwork of good ethical decision making. In today’s society ethical issues are becoming extremely complicated because of global and diversification in corporations. A broad explanation of diversity stems from personality and work style to
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Notes Ethics Managers are expected to behave in an ethical manner. The province of ethics is to sort out what is good and bad. But, what is the criterion or guideline for doing so? Philosophers came up with some criteria, but none of them makes sorting out what is good and bad an easy task. Here, we introduce two of these criteria. Principle 1 Golden rule: Do unto others as you would have others do unto you. But the next example, the so-called Sopranoism, shows the
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ethics and their relation to leadership, managerial decision making, corporate social responsibility and overall corporate structure. Increased corporate scandals and the discovery of a rise in unethical business practices have thrown the topic of business ethics into the spotlight. Organizations are expected by their stakeholders to implement strong ethics within their corporate structure and culture. This expectation could be accomplished through strong ethical leadership, formal structures and regulations
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Ethical Issues in Management Shawnez M. Mckenzie MGT216 September 2, 2010 Carrie Baird Ethical Issues in Management Managers are faced with daily decisions to ensure that they are leading by example in their managerial position. Managers must make sure their actions are fair, honorable, and reasonable to employees and customers is the groundwork of good ethical decision making. In today’s society ethical issues are becoming extremely complicated because of global and diversification
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of the main ethical dilemmas that a store manager working for Wal-Mart might be faced with is a conflict of interest. He/she has been placed into a situation where there is no right or wrong answer, but rather a right, and right answer. Does he choose the role of being a good manager, and risk the managerial position? Or does he act upon the “unethical” commands of his superiors in favor of keeping his job? Three underlying elements further complicating his decision to make ethical choices are discussed
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Romans do until it crosses the lines of the company and personal ethical values. Cultural relativism should not be used for ethical decision making. Cultural relativism is sometimes use by individuals in business who want to justify varying in moral judgment. (Fraedrich, Ferrell, & Ferrell, 2013) This type of behavior may cause legal and reputation issues for the individual and business, if actions committed are outside of ethical and legal scope of the business home country. Cultural relativism
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CHAPTER 4 CHAPTER OUTLINE What Is Managerial Ethics? Criteria for Ethical Decision Making Utilitarian Approach Individualism Approach Moral Rights Approach Justice Approach Factors Affecting Ethical Choices The Manager The Organization What Is Social Responsibility? Organizational Stakeholders The Ethic of Sustainability and the Natural Environment Evaluating Corporate Social Performance Economic Responsibilities Legal Responsibilities Ethical Responsibilities Discretionary Responsibilities
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