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

  John fillmores lifelong dream is to own his own fishing

john fillmores lifelong dream is to own his own fishing boat to use in his retirement. john has recently come into an

  What is the recognized gain or loss

Cynthia gives her son stock with a basis in her hands of $65,000 and a fair market value of $60,000. No gift tax is paid. Son subsequently sells the stock for $63,000. What is his recognized gain or loss?

  Explain how making more products that can be sold ina

explain how making more products that can be sold ina period can increase a companys operating income. shouldthis

  Prepare the investments section of the balance sheet

Common stock of Ely Inc. (30% ownership), cost $210,000, equity $270,000. Prepare the investments section of the balance sheet.

  Finlon upholstery inc uses a job-order costing system to

finlon upholstery inc. uses a job-order costing system to accumulate manufacturing costs. the companys work-in-process

  Rampr inc produces several models of clocks an outside

rampr inc. produces several models of clocks. an outside supplier has offered to produce the commercial clocks for

  Calculate return on net operating assets

Calculate return on net operating assets for all three years. Identify reasons for any changes.

  The town of liberty approved the construction of a special

the town of liberty approved the construction of a special oven to cook the worlds largest apple pie to be financed by

  Jackman inc makes and sells many consumer products the

jackman inc. makes and sells many consumer products. the firms average contribution margin ratio is 22 percent.

  Investigating the feasibility and desirability

Gladys owns a retail hardware store in Tangipahoa. She is considering opening a business in Hammond, a community located 25 miles away. She incurs expenses of $60,000 in 2010 in investigating the feasibility and desirability of doing so. What amou..

  Younger bus lines uses the units-of-activity method in

younger bus lines uses the units-of-activity method in depreciating its buses. one bus was purchased on january 1 2010

  Ending accounts receivable balance

Assuming all sales were made on account, compute the ending accounts receivable balance that should appear in the ledger, noting any apparent shortage. Then, draft a memo dated October 3, 2010, to Mark Price, the branch manager, explaining the fac..

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