Acct 324 class 5

Acct 324 class 5 - Acct 324 Ethics- study of what...

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Acct 324 Ethics- study of what constitutes is right and wrong behavior Business ethics- applying ethics to special problems and opportunities experienced by business people Ethical dilemma- is a problem about what a firm should do for which no clear right decision is available Random acts of criminal is unethical Behavior of top mgmt. is important, must have a code of conduct in corporation Oxley act- provides conditional systems that company’s put in place, if an unethical act has been done they must report it Ex) Enron Social responsibility of business- consists of the expectations that the community imposes on firms doing business inside its borders Stakeholders- many groups of people affected by the firms decisions Negligence and strict liability Ex) driving along in my car and I suddenly suffer a stroke and become incapacitated and I run into your car which causes injury and damage. Am I liable? No because I didn’t plan on having a stroke, that’s what you, call an accident. Ex) driving along in my car and I have a seizure and I know that I have seizures often and
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This note was uploaded on 02/03/2012 for the course ACCT 324 taught by Professor Eppink during the Spring '10 term at South Carolina.

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Acct 324 class 5 - Acct 324 Ethics- study of what...

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