Chapter 1, Problem 19.2EC

Why might a manager focused solely on accounting numbers miss opportunities for future benefits?

Use your own word to explain heuristics  and In a business context,how would heuristics lead to poor decision making?

How can purchasing managers use their position to defraud the company? What can be done to prevent it?

Consider again Milton Friedman’s article. 1. What does Friedman mean by “ethical custom”? 2. If the laws of the society are limiting the company’s profitability, would the company be within its rights to disobey the law? 3. What if the law is “on the books,” but the company could count on a lack of enforcement from state officials who were overworked and underpaid? Should the company limit its profits? Suppose that it could save money by discharging a pollutant into a nearby river, adversely affecting fish and, potentially, drinking water supplies for downstream municipalities. In polluting against laws that aren’t enforced, is it still acting “within the rules of the game”? What if almost all other companies in the industry were saving money by doing similar acts?

Is it true that  IT governance is an issue for executives and top management. Lower-level managers and employees are outsiders in the process.

Explain the following in simple words or explanation: Would scenario planning cause the company to be misdirected? Why is scenario planning important in the business or in the workplace? How is scenario planning different from strategic planning?

Why do people commit fruad in there jobs? what should a manager do if some of its workers committed fraud and been fired and charged criminally.

Explain the links between stock price, intrinsic value, and executive compensation Discuss the importance of business ethics and the consequences of unethical behavior.

What are some of the immediate disruptions accountants are facing today because of the coronavirus?