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Kelly Steinman is the manager of a medium size company. A few years ago, Steinman persuaded the owner to base a part of her compensation on the net income the company earns each year. Each December she estimates year-end financial figures in anticipation of the bonus she will receive. If the bonus is not as high as she would like, she offers several recommendations to the accountant for the year-end adjustments. One of her favorite recommendations is for the controller to reduce the estimate of doubtful accounts. In 200-300 words
a. What effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet?
b. Do you think Steinman's recommendation to adjust the allowance for Doubtful accounts is within her right as a manager, or do you think this action is an ethics violation? Justify your response.
c. What type of internal control (s) might be useful for this company in overseeing the manager's recommendations for accounting changes
Identify the type of personality required to be a successful entrepreneur. If someone doesn't fit that personality profile can they still be successful?
Why're some people critical of position that "good ethics is good business"? How is this argument relevant to the effort of getting Corporations to be more environmentally responsible?
The following case study illustrates some difficult ethical issues hospital marketers face on the job. When deciding on the best way to confront these "gray" ethical areas, hospitals marketers should use these questions as a guide:
Develop an appropriate standards and procedures section, such as a code of ethics. Develop a section that has a plan for an appropriate ethics training program. Develop a section that discusses systems to monitor, audit, and report misconduct.
Describe an in-depth definition and description of Frederick Winslow Taylor's scientific management theory, what the theory addresses.
Describe the benefits of the project which include tangible and intangible benefits. Completely justify a recommendation with a compelling proposal that aligns to the business goals.
Identify potential sources of conflict within the group or work team. Evaluate the five conflict management styles and explain which style of conflict management is most appropriate for the potential sources of conflict described above.
Demonstrate your capability to apply ethics to your future career in healthcare setting by creating a one-page "credo"-a statement of your professional ethics.
We need to use the scientific method when trying to develop new products and how to solve problems in general.
Many legal standards exist that businesses are needed to meet in order to ensure product safety. These standards tend to be well defined, and adherence is a generally accepted risk mitigation strategy.
You are a consultant and the CEO has questioned you to visit the company for a week and analyze what might be going wrong. Here are your notes from the week
Did the Wentzes do under the contract Did the court find exact performance to be an adequate legal remedy in this case Why did the court waste to help Campbell in enforcing its legal contract
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