Assignment: Business Ethics
Co. A was founded in Baltimore, MD in 1923. In 1924, Co. A began to manufacture sugar cookies. The company continued to grow, expand its manufacturing operations until, in 1945, Co. A "went public" and sold its stock on the NYSE for $10/per share. The value of the stock has increased to a value of $100/per share in 2012.
In 2011, Co. A stated in its annual financial report to stockholders that its 2011 profit was $5 million, when in fact its profit was only $3 million. This error was a typo, and not an intentional fraudulent act. The new CEO has discovered this falsification and is concerned about ethical and legal implications.
What is the ethical dilemma? Explain possible consequence of the problem and suggest alternative resolutions to the case.
Clarifying Your Values
If you wish to be better prepared to make tough ethical decisions at work or elsewhere in your life, it can be extremely helpful to clarify your personal ethical values before they're seriously challenged. Following is a selected list of values.
Feel free to add one or more if you have a deeply held value that is not represented on this list (it is not meant to be exhaustive). In priority order (with 1 being the most important value), list from three to six values that are most important to you personally in making decisions. That's the easy part. Next, think seriously about what happens when two or more of these values conflict. For example, what happens if you value both honesty and success and they come into conflict? Are you willing to forgo financial success in order to be completely honest with customers or suppliers? Next, if you're working, think about the values of your organization and how those are prioritized. Are there serious conflicts between your personal values and the organization's values?
Finally, list those values that you would choose to serve as the basis for business dealings in an ideal society.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.