ACC310_Week5_Assignment - 16-56 Ethics and Standard Costs...

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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.

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