Essay on Bus 560 Business Ethics

1893 Words Feb 22nd, 2014 8 Pages
BUS560 Module 2: Organizational Ethics

BUS560 Module 2: Organizational Ethics
Check Your Understanding
1. Consider the functional departments reviewed in chapter 3. Which department do you think faces the greatest number of ethical challenges? Why?
It would seem that the finance or bookkeeping department of any company faces the greatest number of ethical challenges because the opportunity to manipulate the accounting and misrepresent or otherwise take money from the company is ‘ever-present.’ However, there are opportunities for unethical behavior in all areas of a business – and in all businesses in the economy.

2. Provide three examples of unethical behavior that you have observed at the company you work or (or worked
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Simply because one is making a salary (that in turn feeds their family – and is the reason we go to work to begin with) doesn’t mean that it doesn’t carry ethical responsibility. Yes, nuclear scientists may have brought some good to humanity (in the form of new sources of power and national protection capabilities), but, both professions have equal abilities to do damage – both need to make decisions about what is right and/or fair. For the most part, their work has been used to create destructive forces. Marketers should definitely be aware of their power and influence.
4. What are “Creative bookkeeping techniques”? Provide three examples.
‘Creative bookkeeping techniques’ are practices which take unlawful and unethical licenses with the maintenance and reporting of factual financial data. Any adjustment of financial data to manipulate the perception of a company’s value or worth is intentionally dishonest. The end result is inflated figures or making companies appear to have less capital in order to avoid taxation (for example).
As bookkeeping continues to rely more heavily upon technology, it has become easier to engage in “creative bookkeeping,” however technology also has significant safeguards these unethical practices. There are workarounds to these systems requiring bookkeepers to be ever more ‘creative’ if he or she wishes to craft a misleading picture of a company’s finances.
Three examples of creative bookkeeping include:

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