Business Ethics Problem - Essay Example

Only on StudentShare

Extract of sample
Business Ethics Problem

Therefore, employees should behave professionally and ethically in all situations because ethical behavior is the key to the resolution of complex issues. Hall (2011) states, “Ethics pertain to the principles of conduct that individuals use in making choices and guiding their behaviors in situations that involve the concepts of right and wrong” (p. 112). In this paper, I will relate an example of a U.S. software company where a customer confidence problem occurred between an employee from the programming department and a customer of the company. The base of the issue was less accounting knowledge of the software developer. Description of the Company The name of the company where the ethical issue arose is SyBase. The company belongs to the Computer Software industry and deals with the development of software products and applications. The company started its operations in 1984. The company has become one of the top software companies of the United States due to the quality of its products and services. The Ethical Issue An ethical issue occurred in SyBase in 2004. One day, a customer came to the customer service department and made a complaint about the accounting software that the company developed for him on request. ...
Download paper

Summary

Running head: ETHICS BUSINESS ETHICS PROBLEM [Your name goes here] [Your university’s name] Ethical Dilemmas Ferrell and Fraedrich (2011) state, “Business decisions, like personal decisions, involve an unsettled situation or dilemma” (p. 62). An ethical dilemma is a conflicting situation involving two or more people…
Author : emily28

Related Essays

Accounting Ethics and Impact on Business Performance
This paper seeks to explain the relevance and need to embrace these ethical practices and their impact on the general business performance. Accounting ethics are moral values that govern the profession of accounting. They can also be described as judgments that apply in course of undertaking accounting tasks (Saleemi, 2002). These ethics have become accepted globally by government agencies and companies and help instill some degree of discipline both at organization level as well as employee level. Embracing these ethics cannot be ignored at this time of global economic crisis caused by...
10 pages (2510 words) Term Paper
Exploring Professional Ethics in Accounting
This paper illustrates that the number and the fiscal enormity of the corporate scandals and collapses of the late 1990s and early 2000s have inspired numerous theories about what went wrong, where the fault lies and with whom. Business points to the accounting profession whose mission is to audit the financial presentations of management and issue an opinion about the relative fairness of that presentation as whole. The accounting profession has pointed to the changing business environments and the conflicting demands that it has placed on the profession. The accountants have evolved from...
38 pages (9538 words) Dissertation
computer crimes,ethics, and privacy
The advent of computers and internet in our daily life has given rise to computer crimes, illicit activity that is carried out by the help of computers, and these crimes have had a ponderous impact on the moral values of the people, especially adolescents. In this paper we will attempt to highlight some computer crimes and explain how these crimes give rise to ethical issues. Also a detailed discussion will be made on the breach of privacy through computer crimes. The paper talks about computer technology and ethical issues it poses therefore it is perfectly related to the chapter. Computer...
6 pages (1506 words) Research Paper
Social Responsibility - Profit and Ethics
To this end, the notion of resolving business and social responsibility has been regarded as impossible. This notion has been fuelled by personalities such as Friedman who argue that the social responsibility of business lies in the maximization of profits so long as it is within the precincts of the rules of engagement (Friedman, 1970). To this end, Friedman argues that the decision concerning the social responsibility of business should be validated based on agreement with all the affected parties. In this case, Freidman asserts that business managers have an ethical obligation to act in the...
4 pages (1004 words) Essay
The influence of ethics on auditing
On a broader perspective, Gillan and Starks (2008) refer to corporate ethics as a system of rules, factors and laws affecting a company’s operations. Irrespective of the definition taken up, it is common for researchers to categorize corporate mechanisms into two groups; those that are internal to firms, and those that are external to firms. Ethics is charged with the responsibilities and duties of a firm’s board of directors in managing the firm in addition to the relationship they have with the firm’s shareholders as well as stakeholder groups (Duska, Duska & Ragatz 2011). Issues of...
6 pages (1506 words) Research Paper
Ethics in Accounting and Corporate Accounting Scandals
The suggested course of action by the companies is also recommended in order to prevent unethical practices that lead to corporate scandals and eventual bankruptcy of the organizations. Introduction The accounting practices are based on the Generally Accepted Accounting Principles. Apart from the rule base practices, the importance of principle based practices have emerged in the field of accounting. This is due to the corporate scandals that have occurred over the years. These corporate scandals establish a link with the unethical practices in accounting. In different countries, the...
8 pages (2008 words) Research Paper
Ethical problem
The action of the managers to hide some information to the shareholders is unethical. This is because, ethical behavior requires that any decision reached by the management should be a truthful one, and thus any action that is mean to hide the truth from the shareholders is unethical (Frederic, 17). This type of conflict falls under the category of conflict referred to as Normative ethics, in a subset referred to as professional ethics, which requires that the professional conduct of individuals within an certain professions should act in accordance with set standards of right and wrong, and...
4 pages (1004 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!