Unformatted text preview: 16-56 Ethics and Standard Costs: Farmer Frank’s Margaret’s behavior regarding the cost information is unethical. Margaret is falsifying
information and misleading the company. She is trying to help her friend make more money
selling blueberries, but this is done at the detriment of Farmer Frank’s. Many companies would
consider her personal relationship with a potential supplier a conflict of interest; such conflicts
often violate the ethical codes set in place by most companies. As an employee of Farmer
Frank’s, Margaret has a responsibility to report accurate and objective information, if this cannot
be done then she has the ethical duty to excuse herself from activities where a conflict may exist. ...
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This note was uploaded on 08/14/2011 for the course ACC 310 taught by Professor Parker during the Spring '11 term at Ashford University.
- Spring '11