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Question - Since graduating two years ago, you have been working as a financial analyst in the budgetary and financial projections unit of Greenworks Technology, a company that makes biogradable electrical components. The company is ready to launch some highly anticipated new products and the CEO, Marie Callendar, will be making several presentations to potential investors as part of the product launch. The CEO hopes this will boost stock sales and price for Greenworks. You were only given two days to prepare financial projections for sales and income for the next eight quarters that will be included in the investor presentations. After working overtime, you deliver the projections to the CEO just as she is leaving for the airport to begin the investor road show. She thanks you and hurries out the door.
Five days later, you are reviewing your computations and find a miscalculation that grossly overstates income. You check the CEO's schedule and find she has already made half of the presentations and will finish the other half over the next three days. You are in a dilemma as to what to do.
Required -
1. What are the consequences of telling the CEO about the error?
2. What are the consequences of not telling the CEO about the error?
3. What are the ethical considerations to you and the president in this situation?
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