don`t know (ethicis issue)

Business Ethics

Todd Carnes

Jack Miller

Cement For Sale

You own a cement company , and deal with most the local contractors for cement , sand , etc . You have a reputation of high quality products , and for good customer service with your customers . Your foreman has just run the standard quality control tests you have performed regularly on your products

When the test results are ready , you discover that the new batch of product is 9 in lesser quality than your usual material . It is still well above all industry standards

and meets all building codes and requirements for the purposes for which it is intended , but it is nevertheless , not up to your usual standards as what your consumer expected . Throwing it away would cost your company many thousands of dollars . You decide to sell the cement anyway even it 's under the company 's standard

Ethics had been disregard in this situation . The company 's quality assurance programs haven 't met their responsibilities to customers . When you compromise the quality of your products just for financial gain , you are violating the business ethics

I believe it is an ethical issue because you failed to comply with your customers ' satisfaction . Even if it had passed the quality standard , you are still violating the business ethics because you had promise superior products - the reason why people shell out their money . This might also result of some injury or damage to your customers because they miscalculated the quality of your product , that they believe and expect as a high quality one

The Magical 100 ,000

1975 , anonymous phone call to a cash teller at one of the nation 's largest national banks had been received . The anonymous caller stated that an employee had just stolen 100 ,000 from an electronics supply subsidiary of the bank . An analysis conducted and accounting records showed that the theft involved inventory , but of the employees knew anything about it

Second , an analysis of the Accounts Receivable records showed that a major building construction firm only owed 9 .54 , though they always picking up large amounts of electronic inventory . Their attorney stated that his client has done absolutely nothing wrong ! But admitted and explained how the 30-year-old son of the president of the electronics supply plant sold inventory at one-half price if the construction firm made out the checks to the son personally . They had , in effect purchased 200 ,000 of inventory for only 100 ,000

Within 48 hours , the president of the electronics supply plant retired His son had fled the state and 100 ,000 in cash was returned to the bank

When some of the shareholders haven 't got the expected revenue based on their calculated shares , someone violating the business ethics in this situation

Profits should be divided equally based on the amount of their shares of the company . I believe that this one is an ethical issue . Someone used the money of the company for his own benefit . This action may lead to...