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Such a thinking is immoral because will not only prevent other small companies from competing effectively. In doing this, Trump's implication is that his strong financial statement is meant to give him an upper hand when it comes to tenders in the country (Washington post, 2016).
Looking at the cases of Andrew Forrest and Gina Rinehart, one agrees that ethics in the accounting profession plays a major role when it comes to the morality of business. For example, Gina Rinehart is said to have paid the total tax rate that her company was supposed to pay, which amounted to about $446 million. The implication is that not all businesses are immoral. The tax return preparation done by the tax accountants in Gina's company was true and applied ethics. This means that ethics plays a major role when it comes to the issue of tax. The tax accountants either working as self-employed agents or as employees of accounting firms have a role to play in the morality of businesses today. When a company does not pay the real figure that it is supposed to pay, then it becomes apparent that the values must have been doctored for the company. The effect of these changes made in the financial results of the company in order to pay a smaller amount of…
Alford reports that "for some, the earth moves when they discover that people in authority routinely lie and that those who work for them routinely cover up. Once one knows this, or rather once one feels this knowledge in one's bones, one lives in a new world. Some people remain aliens in the new world forever. Maybe they like it that way. Maybe they don't have a choice." (Alford,
British American Tobacco Company: Business Ethics The British American Tobacco company is a multinational company with over 200 brands that they have developed under the guidance; the company is staggeringly successful, selling 694 billion cigarettes in 2012 (bat.com). The worldwide company sees itself, and many would argue, rightfully so, as a powerful forces that has stimulated economies all over the globe in lasting and measurable ways: in 2012, the company's
Enron could engage in their derivative trading strategy with no fear of government intervention because derivative trading was specifically exempted from government regulation. Due in part to a ruling by the Commodity Futures Trading Commission's (CFTC) chairwoman, Wendy Graham, derivatives remained free of regulatory oversight. Ms. Graham, wife of Texas senator Phil Graham, made this ruling 5 weeks before resigning as chairwoman of the CFTC and joining the Enron Board
Upholding Ethical Business Practices in an Organization The Volkswagen emissions scandal has been dubbed the "diesel dupe" and the corporation may face charges of manslaughter over their rigged tests of diesel emission. This charge will be applied if the legal advice suggests could be successful. It has been raised that thousands of people who die from diesel vehicles as the main cause is air pollution due to the release of nitrogen
D.). Socio-Cultural Environment Home to the world's tenth largest economy and second largest population, India defies swift generalization. It includes a vast range of developmental situations, cultures, languages, and climates. The country remains largely rural, with just 26% of its people living in cities. Yet in 1995 it had over 30 cities of one million or more residents, including three of the world's 20 largest cities -- Bombay, Calcutta, and Delhi --
Employees are being rewarded for their honesty, and managers continue to encourage communication between supervisors and subordinates. Management is also looking for ways to encourage employees to tell the truth about other employees who may be involved in something dishonest or illegal (Jones, 1982). Not all employees will take advantage of this, of course, because some still believe that they will face punishment for being a 'whistle-blower', but there