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Can we trust our friend in the business? What are the disadvantage of trusting anyone blindly in business?
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- What are some advanced strategies for maintaining business continuity during long-term disruptions, such as a global pandemic or prolonged natural disaster? How can organizations adapt their plans for such scenarios?What a particular fault or weakness in the area of interpersonal and relationship building skills could effect an individual? What actions can be taken immediately, and sustain going forward, to ensure this is course corrected? If not addressed, how might this area impact to a Finance Professional? What, if any, complications might arise from the current Covid-19 situation that could impede progress in addressing this area?Where would you draw the line between business “favors” and bribery, kickbacks, or "protection money”?
- given that people rarely use a company’s code of ethics to guide their decision making, what good are the codes?What is a poison pill defense?Making an Ethical Decision You work at a large bank in the new accounts department where you open accounts for new customers. The bank has a policy that pays bonuses related to the number of new accounts you assist in opening. Your manager tells you that many of the accounts are for small depositors. He suggests that wen opening a new savings account for these customers, you can add another account, such as a credit card, without them even being aware of it. You know that opening an account without the approval of the customer is not ethical, but you also know the person may never know who opened it. Anyway, your manager suggested the idea and earning bonus money sounds good. What are your alternatives? What would you do? Is that the ethical thing to do? Answer below in no less than 6 complete sentences.
- Why is it important that some information be made available to everyone through public records?How was Rita Crundwell able to embezzle nearly $53 million over almost 20 years and what role does the fraud triangle play in allowing people to feel comfortable with engaging in fraud?Who makes your list of the reliable and trustworthy? Identify at least five (these may be personalities, institutions, organizations, etc.) Explain why you choose that personalities, institutions, or organization as a reliable source of information.
