The moral system of company forbids certain behavior and

Assignment Help Finance Basics
Reference no: EM13475896

A company that fabricates heat exchangers, which shall be called ABC for the purposes of not exposing it to an unwarranted audit, became aware in 2007 through an associational membership meeting that the Occupational Safety and Health Administration (OSHA) had enacted a new standard. This new standard, called Chromium VI established a new action level for Hexavalent Chromium that affected all fabricators of alloy metals. The company soon afterwards contacted their outside safety consultants, in whom they entrusted their safety program, and asked about specifics of the new standard. It is important to note that the outside consultants also represented other metal fabricators who made heat exchangers. The consultant group began looking further into the new requirement on behalf of their clients. Unfortunately, for the next year, there was very little education or direction from the outside consultants and very little communication regarding the health issues and enforcement penalties that could occur if found non-compliant by

OSHA (OSHA, 2009). They also were lacking in providing timely industrial hygiene monitoring.

In May of 2008, ABC hired an internal Safety Coordinator who also shared duties in Quality Inspection. One of the first projects assigned to the Safety Coordinator was to investigate the new Chromium VI standard and provide direction on how to comply. The Safety Coordinator had extensive safety experience in other industries, which allowed him the capability to approach this new learning experience with a satisfactory background. There were several ethical dilemmas that had to be thought through. Conversations on the subject included presenting facts as well as the morality of the situation with shop management and upper management. The Safety Coordinator had to convince all of the decision makers of the moral need to comply fully with the standard.

Questions

1. The dilemmas in company ABC can be presented and solved using different approaches. Discuss these approaches.

2. "The moral system of a company forbids certain behavior and enjoining certain behavior as right." With relevant examples from the case, discuss the purpose of morality on company.

Reference no: EM13475896

Questions Cloud

You would eat how would you fully enact your policy what : you would eat? how would you fully enact your policy? what will your priorities be in terms of what you eat and where
Does the organization have a social initiativeif so what is : write an individual overview of a different organization of 350 to 450 words that addresses the following
In reading of the exploits of beowulf and of sundiata we : in reading of the exploits of beowulf and of sundiata we know that such heroes often boast of their many challenges and
After reading csuns mission statement consider your mission : after reading csuns mission statement consider your mission here at csun. what are your values desires goals and
The moral system of company forbids certain behavior and : a company that fabricates heat exchangers which shall be called abc for the purposes of not exposing it to an
How have new technologies had an impact on education what : how have new technologies had an impact on education? what impact might they have the future?nbsp while change can
Jacob did not see how he could organize write and proofread : read the following sentences and correct the grammatical errors. you may choose to add punctuation andor rewrite the
Write a 500-word illustration essay about the condition of : write a 500-word illustration essay about the condition of secondary education.your essay will be graded on its ability
Describe the battle that was code named market garen who : describe the battle that was code named market garen. who were the participants what was the objectives of the battle

Reviews

Write a Review

Finance Basics Questions & Answers

  How much was the firm earnings before taxes

It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)?

  Create an offsetting dampening effect on potential buyers

Why don't expectations of higher capital gains taxes create an offsetting dampening effect on potential buyers?

  What would be the monthly loan payment

You want to buy a new car, and the local bank will lend you 20,000. The load will be fully amortized over 5 years (60 months), and the nominal interest rate will be 12 % with interest paid monthly. what will be the monthly loan payment? what will ..

  Under the cost principle calculate the cost of land

A Corporation bought land for $80,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on land before construction of new building could start.

  What is the amount of the net new borrowing for the current

The income statement for the current year displays an interest paid amount of $8,200. What is the amount of the net new borrowing for the current year?

  Is there an easily identifiable debt-equity ratio

Is there an easily identifiable debt-equity ratio that will maximize the value of affirm? Why or Why not?

  Explain selection of a machine through npv

Explain Selection of a machine through NPV and How much would Allen Company be willing to pay for machine B if the machine promises annual cash inflows

  What is your net new financing needed for next year

Your non-debt liabilities such asaccounts payable are forecasted to increase by $10,000. What is your net new financing needed for next year?

  A proposed engineering control is expected to cut the

a proposed engineering control is expected to cut the accident rate by 40 percent for a given process that was recently

  Make a cash budget

Of Sharpe's sales 10 percent is for cash, another 60% is collected in the month following sales, and 30% is collected in the second month following sales.

  What is its coefficient of variation

A stock has an expected return of 0.13 and a variance of 0.20. What is Its coefficient of variation?

  What would the sofa cost to buy based on the foregoing

You lease a sofa for 4 years. APR is 11%. Annual payments starting up front at $180 (basically, $15 per month). There is a buyout option at the end of the lease for $600. What would the sofa cost to buy based on the foregoing?

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