Michael is the general manager of a production facility. In a routine day, Michael might meet with city officials or civic leaders about environmental issues due to the plant’s presence in the community. After these meetings, he will then meet with the plant’s functional managers to discuss the concerns expressed by the city representatives. Other times, Michael might meet with the production manager, Betty, and the human resource manager, Joyce, to discuss a complaint filed by one of the employees in a production department. Michael might also spend time on the Internet looking for new technologies that can be used in the production processes of his plant. What are the Social Responsibilies the company has towards society?

Michael is the general manager of a production facility. In a routine day, Michael might meet with city officials or civic leaders about environmental issues due to the plant’s presence in the community. After these meetings, he will then meet with the plant’s functional managers to discuss the concerns expressed by the city representatives. Other times, Michael might meet with the production manager, Betty, and the human resource manager, Joyce, to discuss a complaint filed by one of the employees in a production department. Michael might also spend time on the Internet looking for new technologies that can be used in the production processes of his plant. What are the Social Responsibilies the company has towards society?

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter17: Management Of Employee Conduct: Agency

Section: Chapter Questions

Problem 5QAP

See similar textbooks

Similar questions

Given the information below, Marco has a complete set of policies, procedures, and manuals that management requires employees to use. Management is aggressive about updating the manuals and training new employees to ensure they understand the policies and procedures that affect their duties. Management also requires employees to attend brief review seminars on the policies and procedures that affect their positions once a year. These policies include a code of conduct and employees are required to sign a statement agreeing to it when they are hired. What is the: a) potential control strength and (b) potential mistatement detected or corrected.
Analyze the relationship among risk, opportunity and controls: Craig learns that one of the employees has been doing snow plowing jobs on the side with the company equipment. Discuss both the financial and legal impacts for the company. What are the financial and legal risks to the company? Also, discuss at least two (internal) controls could be put in place to detect/deter this activity.
You are the owner of a software engineering company. Your employees (engineers) want you to let them do pro bono work for a local non-profit organization on company time. How would you respond in a way that is legal, moral, and ethical?
Sharon is an intern with a local CPA firm. Prior to returning to school, her supervisor goes on sick leave and asks her to do some complicated reconciliation work for him. She is given what seems to her to be an unrealistic deadline. Sharon looks at the workpapers and supporting documentation and realizes she doesn’t have the skills to complete the work without help. She contacts her supervisor who tells her to talk to Holly, a good friend of Sharon and former intern at the firm, for help. Holly returned to school one semester ago. What ethical considerations do you have in this matter? What would you do and why?
The Vice President of a telecommunications company thinks yhat Department A needs to be eliminated as it is affecting the entire organization. You have been assigned the job of determining if Department A should be eliminated or not and informing the President. The following information has been gathered to assist you in making this decision: (see the picture) The following information is also necessary to assist you in your decision. 1. One of the part-time salaried employees in Department A has been with the company for many years. If Department A is eliminated, she will be transferred to another department with a salary of $4,800 per quarter. All other employees will be laid off. 2. All departments are housed in the same building. The store leases the entire building at a fixed annual rental rate and rent expenses are allocated based on space occupied. 3. If Department A is eliminated, the utilities bill will be reduced by about $11,000 per quarter. 4. If Department A is…
Determine which moral standard of social responsibility the business is observing. Brad's company has a smokestack that pollutes the air in a nearby community. When people begin complaining about the pollution, the company pays to have a stack scrubber installed on the smokestack to limit the pollution but does not respond to the community's complaints.
Centurion Homes of Calgary, Alberta, builds houses and has four construction crews. The supervisors hire and terminate workers and keep their hourly records. Each Friday morning, the supervisors telephone their workers’ hours to the home office, where accountants prepare the weekly pay cheques. Around noon, the supervisors pick up the pay cheques. They return to the construction site and pay the workers at day’s end. What is the internal control weakness in this situation? Propose a way to improve the internal controls.
Raymond Diaz was recently hired as assistant controller of RD Chem Inc., which processes chemicals for use in fertilizers. Diaz was selected for this position because of his past experience in chemical processing. During his first month on the job, Diaz made a point of getting to know the people responsible for the plant operations and learning how things are done at RD Chem. During a conversation with the plant supervisor, Diaz asked about the company procedures for handling toxic waste materials.The plant supervisor replied that he was not involved with the disposal of wastes and suggested that Diaz might be wise to ignore this issue. This response strengthened Diaz' determination to probe this area further to be sure that the company was not vulnerable to litigation. Upon further investigation, Diaz discovered evidence that RD Chem was using a nearby residential landfill to dump toxic wastes. It appeared that some members of RD Chem's management team were aware of this situation and…
Golden Bear Construction operates throughout California. The owner, Gaylan Beavers, employs 15 work crews. Construction supervisors report directly to Beavers, and the supervisors are trusted employees. The home office staff consists of an accountant and an office manager. Because employee turnover is high in the construction industry, supervisors hire and fire their own crews. Supervisors notify the office of all personnel changes. Also, supervisors forward the employee W-4 forms to the home office. Each Thursday, the supervisors submit weekly time sheets for their crews, and the accountant prepares the payroll. At noon on Friday, the supervisors come to the office to get paychecks for distribution to the workers at 5 p.m. The company accountant prepares the payroll, including the paychecks. Beavers signs all paychecks. To verify that each construction worker is a bona fide employee, the accountant matches the employee’s endorsement signature on the back of the canceled paycheck with…
Mary Tan is the controller for Duck Associates, a property management company in Portland, Oregon. Each year, Tan and payroll clerk Toby Stock meet with the external auditors about payroll accounting. This year, the auditors suggest that Tan consider outsourcing Duck Associates’ payroll accounting to a company specializing in payroll processing services. This would allow Tan and her staff to focus on their primary responsibility: accounting for the properties under management. At present, payroll requires 1.5 employee positions: payroll clerk Toby Stock and a bookkeeper who spends half her time entering payroll data in the system. Tan considers this suggestion, and she lists the following items relating to outsourcing payroll accounting: a. The current payroll software that was purchased for $4,000 three years ago would not be needed if payroll processing were outsourced. b. Duck Associates’ bookkeeper would spend half her time preparing the weekly payroll input form that is…
Gordon Grimes, a self-employed consultant near Atlanta, received an invitation to visit a prospective client in Seattle. A few days later, he received an invitation to make a presentation to a prospective client in Denver. He decided to combine his visits, traveling from Atlanta to Seattle, Seattle to Denver, and Denver to Atlanta. Grimes received offers for his consulting services from both companies. Upon his return, he decided to accept the engagement in Denver. He is puzzled over how to allocate his travel costs between the two clients. He has collected the following data for regular round-trip fares with no stopovers: Atlanta to Seattle = $600 Atlanta to Denver = $400 Grimes paid $900 for his three-leg flight (Atlanta–Seattle, Seattle–Denver, Denver–Atlanta). In addition, he paid $45 each way ($90 total) for limousines from his home to Atlanta Airport and back when he returned. Q. How should Grimes allocate the $900 airfare between the clients in Seattle and Denver. Which method…
Gordon Grimes, a self-employed consultant near Atlanta, received an invitation to visit a prospective client in Seattle. A few days later, he received an invitation to make a presentation to a prospective client in Denver. He decided to combine his visits, traveling from Atlanta to Seattle, Seattle to Denver, and Denver to Atlanta. Grimes received offers for his consulting services from both companies. Upon his return, he decided to accept the engagement in Denver. He is puzzled over how to allocate his travel costs between the two clients. He has collected the following data for regular round-trip fares with no stopovers: Atlanta to Seattle = $600 Atlanta to Denver = $400 Grimes paid $900 for his three-leg flight (Atlanta–Seattle, Seattle–Denver, Denver–Atlanta). In addition, he paid $45 each way ($90 total) for limousines from his home to Atlanta Airport and back when he returned. Q. How should Grimes allocate the $900 airfare between the clients in Seattle and Denver using (a) the…