Ethical Write Up 1

Ethical Write Up 1 - Richard Wootten Dr. Heaston MW...

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Richard Wootten Dr. Heaston MW 11:00-12:15 Addressing Ethical Dilemma Problem 5-7 Facts 1. Ava Fontanez receives an annual bonus payable on January 15 of each year of 5% of the net income reported on the precious years income statement 2. She decided to change jobs in December 2005 3. Her resignation was effective on February, 1 2006 so that she could receive her 2005 bonus 4. A warehouse fire resulted in smoke and water damage to $600,000 of inventory 5. The warehouse was not insured 6. The accountant recommended that the loss was recognized immediately 7. She recommended the damaged inventory be sold as damaged goods 8. She didn’t allow the accountant to write off the loss Ethical Issues Stakeholders 1. Ava Fontanez 2. Her current employer 3. Her current employer’s stockholders 4. Her future employer Ethical Issues 1. Is Fontanez’s decision ethical, or is out of greed
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Identify Major Principles, Rules, or Values 1. On principle, I feel that Fontanez’s decision is disgraceful and one of the
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Ethical Write Up 1 - Richard Wootten Dr. Heaston MW...

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