Managers of corporations need to act in an ethical mannerO because ethical behavior is its own justification.O because a business must be trusted by investors, customer and the public if it is to succeed.O because business managers must answer to a higher authority.O because ethics violations will be punished by the law.

Managers of corporation are the representatives of the company or corporation. They must act…

Answered: Managers of corporations need to act in…

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter1: Ethics Expectations

Section: Chapter Questions

Problem 3.3EC

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Similar questions

Why do accountants have to be ethical in their duties and responsibilities?
What can be Consquences of Unethical Behaviour? 1. Why must a company’s managers understand the external environment?2. Why must managers relate to the external environment in a socially responsible manner? 3. Why must managers relate to the natural environment in an environmentally manner? 4. Why must managers relate to their external in an ethical manner?
Ethics Codes help companies to keep a standardized way to take decisions else the decision can be biased. Unethical behaviors can damage the reputation of the company. Also if companies do not take strong measures against these then these can have a negative impact on others. The public or other stakeholders' interest can be subdued by personal interest. The impact of unethical behavior can have a long-term effect on any company's operation. Saint Leo's core values are Excellence, Community, Respect, Personal Development, Responsible Stewardship, and Integrity. Unethical behavior does not comply with any of it.
What are some factors that can increase the risk that a corporation does not have a corporate culture that supports ethical decision making? Please explain.
Which of the following nature of corporate governance damages the financial stability of the business? O a. It is structured ambiguously. Ob. It is compliant with the formal laws. Oc.it is adhering to the ethical standards. O d. It is adhering the best business practices.
1. Do you think that financial managers should be held to a higher standard of ethical behavior? 2. In the video on ethics and my article from the Conway Daily Sun, there were several examples of unethical behavior, Please discuss a real life example of unethical behavior either from your personal experience or from the news. What do you think can be done to change the unethical behavior, or do you think it can't be stopped?
6. Which of the following Threats to The Fundamental Principles of professional ethics, that may occur as a result of the financial interests of a professional accountant in a client company. a. Advocacy threat b. Self-interest threat c. Self review threat d. Intimidation threat
How does an accounting professional's commitment to the firm, the profession, and to colleagues influence whether he/she will blow the whistle on financial wrongdoing? What other factors, related to organizational culture, could contribute to whether or not a professional decides to blow the whistle on a financial wrongdoing?
Mr. Bader is leaving the accounting practice to become the Finance Director of a client company. The ethical dilemma he is most likely to face would be a. Objectivity b. Integrity c. Professional Behavior d. Confidentialit

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