Question

In: Finance

You work for a heavy equipment company. Sam Scumm was hired a few months. Only one...

You work for a heavy equipment company. Sam Scumm was hired a few months. Only one of his past five employers was contacted for references and that one merely confirmed position and salary. Sam works for a few months, with many reports of serious safety violations and erratic behavior towards other employees. At one point he became so angry at another employee that he threw a glass bottle at him, just missing his head. He quits just before he would have been fired for his prior conduct and causing an incident in which a co-worker was injured. Today, you receive a reference request for Sam from another heavy equipment company. How do you respond? Write a paragraph justifying your position using sound legal principles. Make sure you consider the risk of a defamation suit. Write a paragraph justify your decision from an ethical standpoint.

Solutions

Expert Solution

My response for the reference for Sam would not only focus on the essentials like his position and salary but will also include a description of his behavioral attributes that was observed while his employment with my company. The reference report will mention that Sam was an employee only for few months but during this short period of time his behavioral attributes came to the fore. Sam’s employment saw several instances of serious safety violations. Besides the safety violations Sam’s behavior towards other employees was erratic and sometimes aggressive. He had even hurled a glass bottle towards another employee once.

The above reference paragraph is justified from an ethical point of view as it is my moral duty to inform prospective employers of Sam about his erratic, reckless and aggressive behavior. This is because such a behavior could be detrimental to the smooth operations of Sam’s prospective employers and based on the ethical policy of ‘utilitarianism’ it is my moral and ethical duty to provide this information. The principles of ‘utilitarianism’ say that an act should maximize benefits for others. By informing prospective employers of Sam about his behavior I am helping them avoid the pain of having a reckless and aggressive employee who is not only careless with safety rules but can also cause physical harm to other employees.


Related Solutions

Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells...
Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products—sinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Units Percentage   Sinks 800 50 %   Mirrors 400 25 %   Vanities 400 25 %   Total 1,600 100 % Product Sinks Mirrors Vanities Total   Percentage of total sales 47 % 20 % 33 % 100 %   Sales $ 327,132.00...
Sam consumes only green eggs and ham. Ham is an inferior good for Sam. One day...
Sam consumes only green eggs and ham. Ham is an inferior good for Sam. One day the price of green eggs goes up. a. Illustrate Sam’s old and new optimum points, and show both the substitution and the income effects. How does this graph reflect the fact that ham is an inferior good? b. True or False: When the price of green eggs goes up, Sam certainly buys more ham than before. Justify your answer carefully, by considering the directions...
The company has only one fixed asset (equipment) that is purchased at the start of this...
The company has only one fixed asset (equipment) that is purchased at the start of this year. That asset had cost $54,000, had an estimated life of 7 years, and is expected to be valued at $10,600 at the end of the 7 years. Depreciation Expense Accumulated Depreciation: Equipment
Background: • Sam Sampson was hired as the General Manager of SleepyTime Mattress Company on April...
Background: • Sam Sampson was hired as the General Manager of SleepyTime Mattress Company on April 1, 2012, at age 56. He worked directly under the Chief Executive Officer. • Barbara Barker joined the same company as Junior Accountant on September 26, 2016, at age 42. She worked as a member of the Accounting Staff, reporting to the Head Accountant. • On July 1, 2020, Sam was called into the Human Resources Office. He was told that his services were...
You have a purchase order to acquire €1 million of heavy equipment from a French company...
You have a purchase order to acquire €1 million of heavy equipment from a French company to be paid in full at time of delivery in March 2021. Describe in detail how you would hedge this transaction. Quantify the number of contracts.
You own a US company with borrowings from Switzerland. Over the next few months, your loan...
You own a US company with borrowings from Switzerland. Over the next few months, your loan repayment of CHF 50 million is due. Given the foreign exchange market movements, you would like to minimise the impact on your cash outflow. Based on the following data, devise a suitable strategy. Evaluate your chosen strategy against suitable alternatives for a range of expected future spot rates. Spot rate = 0.9888 CHF/USD 3 month forward rate = 3 month future rate = 0.9796...
You are hired to work as a financial accountant at a factory called ‘Casual Furniture Company’...
You are hired to work as a financial accountant at a factory called ‘Casual Furniture Company’ that manufactures outdoor furniture. The head of Finance Department has asked you to classify the following list of costs on the basis of the options given below. List of costs: 1. Timber needed for manufacturing furniture. 2. Wages of the factory supervisors. 3. Total salaries and wages of personnel who work in the Assembly department. 4. Depreciation of factory office equipment. 5. Payments of...
Question: Part 1: Receivables Aging A heavy duty trucks parts re-manufacturing company has hired you as...
Question: Part 1: Receivables Aging A heavy duty trucks parts re-manufacturing company has hired you as a c... Part 1: Receivables Aging A heavy duty trucks parts re-manufacturing company has hired you as a consultant to review their current accounting procedures and to provide them with a report addressing changes that you feel need to be made for them to improve their internal controls, and the accounting and reporting processes. The company president does not understand the recommendations that you...
Your client Corp A is a company engaged in the production of heavy equipment and markets...
Your client Corp A is a company engaged in the production of heavy equipment and markets its products on a business to business (B2B) basis. Goods produced by Corp A are heavy equipment such as: Excavators, Bulldozers, Mobile Cranes, Motor Scrapers, etc. There are also a number of finished products in the form of heavy equipment which are self-used by Corp A. After several years of self-use, that heavy equipment is sold, which is in the fiscal year that you...
One night Johnny accepts a lift to work from one of his chefs, Sam, who has...
One night Johnny accepts a lift to work from one of his chefs, Sam, who has had his driving licence for only two weeks. On the way to work it starts raining heavily and Sam appears to have trouble keeping his vehicle on the road. Johnny asks Sam to slow down, but he continues driving at the speed limit. Shortly afterwards, Sam loses control of the vehicle and hits a telegraph pole. Both Johnny and Sam are injured. If Johnny...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT