Define what is and what ought to be in this case

Assignment Help Financial Management
Reference no: EM131976015

To make some extra money during college, I got a part-time job in a mailroom at a rather large business. This business would send out hundreds of pieces of mail each day, all going through the mailroom.

Our job as the staff of the mailroom was to package this mail to be shipped, put the proper amount of postage on it, and then take it to the post office. To put the postage on the items, we used a postage meter that was in the mailroom.

The postage meter would weigh the mail and then stamp it with the correct amount of postage; my employers would pay the postage costs in lump sums periodically throughout the year.

Occasionally, my boss would run some of his personal mail along with the business mail. When I asked him if sending personal mail through the meter was basically stealing money from the com-pany, he justified it by saying that he only used the meter to mail his bills, and he would never use it for anything that cost more than 60 cents. He also said that he had been working there for 13 years, and he compensated for his low pay by being able to send

out the occasional bill or letter. I figured that a few cents here and there would not hurt the company and looked the other way.

1. Define "what is" and "what ought to be" in this case.

2. Was my boss's practice ethical? Does working for a company for 13 years justify sending out personal mail that the company pays for?

3. Does my boss's low pay justify his using company resources to send out personal mail to compensate for the low pay? After all, isn't it just "balancing things out"?

4. Is there any reasonable way to get from "what is" to "what ought to be" without getting fired?

5. Did I do the right by looking the other way, or should I have turned my boss in for stealing company money, even though it was just a few cents here and there? What should I have done?

Reference no: EM131976015

Questions Cloud

What is the break-even quantity for deciding to make : The MARR is 8% per year. Neglect the element of availability. What is the break-even quantity for deciding whether to make or buy this component?
Accepting gifts but a customer from another culture : What can a supervisor do if is or her company prohibits accepting gifts but a customer from another culture insists on offering one?
Find the forward interest rate : find the forward interest rate for the 6 to 9 month period. Solve by both continuous compounding and quarterly compounding.
Discuss different methods of minimizing : Discuss different methods of minimizing resistance to change in the organizations.
Define what is and what ought to be in this case : Was my boss's practice ethical? Does working for a company for 13 years justify sending out personal mail that the company pays for?
Calculate the annual after-tax operating cash flow : FITCO Inc. is the manufacturer of exercise machines and is considering producing a new line of equipment in an effort to increase its market share.
Why are most computer users still ignorant about the threats : In your opinion, why are most computer users still ignorant about the threats posed to their computers / systems?
How does the corporation to reduce the risk in trade : Write a minimum two full pages of report with double spaces to explain the cause and effect related the topic given.
What is this project equivalent annual cost : A five-year project has an initial fixed asset investment of $355,000, an initial NWC investment of $39,000, and an annual OCF of -$38,000.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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