Question

In: Finance

When in college, many students have difficulty relating to the idea of ethical dilemmas in business,...

When in college, many students have difficulty relating to the idea of ethical dilemmas in business, probably because the ethical meltdowns featured in news stories seem so clear-cut: unscrupulous managers clearly did the wrong thing. But real-world ethical dilemmas are usually not so obvious; all too often there is no resolution that will not harm some party involved in the issue. This discussion question is designed to explore the gray areas, and by doing so, to help you clarify your individual ethical principles.

Scenario: You’ve just done a great job on a recent project at your company. Your boss has been very vocal about acknowledging your work and the increased revenue that resulted from it. Privately, she said that you clearly earned a bonus of at least 10%, but due to company politics, she was unable to secure the bonus for you. She also implied that if you were to submit inflated expense reports for the next few months, she would look the other way, and you could pocket the extra cash as well-deserved compensation for your contributions.

What should you do? Why? Think about what you should do and answer these questions thoughtfully and thoroughly.

Solutions

Expert Solution

This is definitely an ethical dilemma whether to take the advantage of the hint given by the boss and pocket the money which is anyway due to me , or stick to the ethical ground.

However, I am very clear on my choice of conduct. I shall not compromise on ethical and professional conduct aspects and will not submit any inflated expense.

I shall simply ask my boss to keep in my achievements , present those achievements in the proper forum and consider all those during performance apprisal process. I shall definitely get the reward some day in a bigger way when I perform consistently.

I shall not compromise on my professional integrity and act in an way that is harmful to the company and sets a wrong precedence . If I act with professionalism and with integrity , I shall lose the bonsus amount temporarily , but win the confidence of my boss and the Management and I am confident that will help me in the long term in my future professional developments in the company.

So I shall act ethically and that will be good not only for the company , but for me as well in the long run.


Related Solutions

What does it mean to be Ethical? Describe two Ethical Dilemmas that can occur when providing...
What does it mean to be Ethical? Describe two Ethical Dilemmas that can occur when providing service delivery (working as a doctor, educator, Nurse, Social Worker, etc.). How can we avoid it?
Illustration: Whether they have to or want to, many students work while attending college and many...
Illustration: Whether they have to or want to, many students work while attending college and many students even attempt to do both full-time. Discuss three difficulties students face when they work while going to school. Be sure to provide three clear examples to support your point. Use third-person examples, do not write the essay as a narrative.
compose a post that outlines one of the many ethical dilemmas posed by autonomous vehicles. First,...
compose a post that outlines one of the many ethical dilemmas posed by autonomous vehicles. First, explore both sides of the issue fully, without bias. Then, once you’ve laid out the problem, explain which side YOU agree with, and why you feel that way.
What are some potential ethical dilemmas that may arise when working with clients in a mental...
What are some potential ethical dilemmas that may arise when working with clients in a mental health and wellness system? How do you navigate through these predicaments?
The business college computing center wants to determine the proportion of business students who have laptop...
The business college computing center wants to determine the proportion of business students who have laptop computers. If the proportion exceeds 30%, then the lab will scale back a proposed enlargement of its facilities. Suppose 250 business students were randomly sampled and 75 have laptops. Test if the proportion exceeds 30%. Use significant level alpha: 0.05 ( p value Method)
The business college computing center wants to determine the proportion of business students who have personal...
The business college computing center wants to determine the proportion of business students who have personal computers (PC's) at home. If the proportion exceeds 35%, then the lab will scale back a proposed enlargement of its facilities. Suppose 300 business students were randomly sampled and 122 have PC's at home. Should the college scale back on the proposed enlargement of its facilities? Use alpha = .05. a) Check the assumptions: b) Hypotheses (State in symbols and in words): Ho:Ha: c)...
The business college computing center wants to determine the proportion of business students who have personal...
The business college computing center wants to determine the proportion of business students who have personal computers (PC's) at home. If the proportion exceeds 35%, then the lab will scale back a proposed enlargement of its facilities. Suppose 300 business students were randomly sampled and 122 have PC's at home. Should the college scale back on the proposed enlargement of its facilities? Use alpha = .05. a) Check the assumptions: b) Hypotheses (State in symbols and in words): Ho: Ha:...
Discuss how business ethical dilemmas, including any related to the COVID 19, can be managed in...
Discuss how business ethical dilemmas, including any related to the COVID 19, can be managed in the organisation.
a. What ETHICAL DILEMMAS might the CORONA CRISIS provoke for the business you selected? b. How...
a. What ETHICAL DILEMMAS might the CORONA CRISIS provoke for the business you selected? b. How could the CORONA CRISIS be an OPPORTUNITY for making this business MORE ETHICAL?
Ethical dilemmas have always surrounded businesses. For example, Jeffrey is a Senior Auditor working for a...
Ethical dilemmas have always surrounded businesses. For example, Jeffrey is a Senior Auditor working for a large commercial bank. He just realized Bob, the company’s vice president of marketing, has been using his expense account to purchase salacious materials online using his office computer; in addition, there are hotel bills charged to the account that cannot be explained by travel receipts. Jeffrey suspects the VP is having an affair with someone in the company. Jeffery is a CPA and the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT