Discuss the below:
Critical Thinking: Ethical Dilemmas
Objective: Complete and submit a Critical Thinking exercise
Requirements: Successful Strategic thinking Exercises will be three (3) to five (5) pages in length and incorporate the information and knowledge gained in the course.
Below are several situations that present ethical questions in a business.
Analyze the situation:
(a) from the strictly legal viewpoint
(b) from a moral and ethical viewpoint (personal and organizational), and
(c) from the point of view of what is best in the long run for the company.
Think of yourself as an executive/manager of the company and be sure to consider both short and long range consequences. Also look at each situation from the perspective of all stakeholders (groups concerned: customers, stockholders, employees, government, and community).
You are an accounting manager in a large firm. Your boss tells you to use a controversial accounting practice which will make the company's profits seem higher. She tells you it is only to impress stock holders and will not be used in statements submitted to the IRS.
What do you do and why?
Hint: This is a business situation and requires that you respond to it from your personal and a business perspective.