Acc reflection prompt what products would they make

Assignment Help Accounting Basics
Reference no: EM13815056

Reflection Prompts

Please think about and answer the following prompts. 

 Reflection Prompt 1

Summarize three of the ethical theories that are explained in Chapter 1 of Introduction to Business Ethics. Explain how people running businesses would construct their companies if they utilized these ethical theories. For example, you might personally think that people should act to increase the overall happiness for the greatest number of people (utilitarianism). You would explain utilitarianism and then explain how a company based in utilitarian ethics would function. In other words:

  • What products would they make?
  • How would they treat their employees? How would they treat their customers?
  • How would they manufacture their products?
  • How would they utilize their resources and profits were they to become successful?

Reflection Prompt 2

Analyze three of the punishments that corporations undergo when they have acted unethically (i.e., name them, define them, explain what they are). In addition, explain three threats to running an ethical corporation. Finally, from your own perspective, explain whether or not a corporation should have to function by the same codes of morality that individual people in society have to abide by or if they should be allowed to get away with certain actions that people in society cannot get away with.

 

 

Reference no: EM13815056

Questions Cloud

The government increased the corporate tax rate : A recent industry report concluded that the global demand for the good X is expected to increase. Based on the demand projections given in the report Colaba, a firm that produces and sells X, is contemplating hiring more labor to increase production...
Assignment on economic growth : Dan Demaar and Rob Runten are working on a class assignment on economic growth. Dan collects the GDP growth data for the country Fanez, which is located in the Middle East. The growth rate of the population in Fanez has consistently exceeded the real..
Use sales taxes as means of generating revenue : State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
The total cost functions for the two methods : Consider the owners of Cutitforme, a small lawn-mowing service. They can use one of two methods to mow lawns. Method 1 is to purchase a tractor that costs $200 a year to own and then spend $1 (for labor and gas) for every acre of grass cut. The total..
Acc reflection prompt what products would they make : Reflection Prompts Please think about and answer the following prompts.  Reflection Prompt 1 Summarize three of the ethical theories that are explained in Chapter 1 of Introduction to Business Ethics. Explain how people running businesses would const..
Consumption-investment-government purchases and net exports : For each of the following transactions, how much does US GDP increase? And how much, if at all, do consumption, investment, government purchases and net exports change? Peter Rich buys a 1928 painting by Pablo Picasso at an auction for $1 Million. In..
Level on the maintenance performance hierarchy : How does lean maintenance differ from the traditional approach under which a maintenance department has the responsibility for all maintenance functions? Which level on the maintenance performance hierarchy would you expect to find a lean maintenance..
Production possibilities curves are parallel straight lines : Two countries will have zero incentive to trade if their production possibilities curves are parallel straight lines because. One country has a comparative advantage in the production of both goods, thus providing that country with no incentive for t..
What is the retail method : Questions are uploaded as attachments.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Dealing with this ethical dilemma

Outline Connie Johl's professional obligations and recommend how she should proceed in dealing with this ethical dilemma. Identify and comment on the CEPROC statutes that Connie should consider when analyzing this case.

  Assume the company has 1000 units of this product left over

assume the company has 1000 units of this product left over from last year that are inferior to the current model. the

  Define inventory property, plant & equipment contingencies

Course project notes to the financial statement - develop notes to the financial statements. Develop a Course Project having to do with writing notes for a fictitious annual report.

  Differences in cash and accrual basic

A company will need to choose an accounting method. What are the differences between the cash basis of accounting and the accrual basis of accounting? When are income and expenses recognized under each method?

  Write a brief analysis of gbatt operational performance

Operational Performance: Write a brief analysis of GBATT's operational performance. Include discussion of the year over year performance

  Calculate the total manufacturing cost

Calculate the total manufacturing cost and the cost per unit for the month of August. Assume instead that Baja Industries applies manufacturing overhead on the basis of $40.00 per direct labor hours (rather than the ABC method). Calculate the total..

  Amount of sales required to break even

George Company sells one product at a price of $20 per unit. Variable expenses are 60 percent of sales, and fixed expenses are $20,000. The amount of sales required to break even is:

  Narcolepsy involves

Question 1: Which of the following suggestions about how to relieve insomnia is FALSE?

  Elizabeth sells homemade knit belts for 14 each at local

elizabeth sells homemade knit belts for 14 each at local craft shows. her contribution margin ratio is 62.5. currently

  Direct materials are added to products evenly throughout

the production department in a process manufacturing system completed 191500 units of product and transferred them to

  In january 2013 mitzu co pays 2800000 for a tract of land

in january 2013 mitzu co. pays 2800000 for a tract of land with two buildings on it. it plans to demolish building 1

  From the following information for alfred industries

from the following information for alfred industries compute the overhead spending variance and the volume

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd