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Login Info: for Wall Street Journal access Username: [email protected] Password: Rufgato5992 use Capital for first letter in password Fred Smith Created FedEx. Now He Has to Reinvent It. The Empty Toilet Paper Roll Torments Families. Procter & Gamble Has an Answer. ‘Feel the Force’: Gut Instinct, Not Data, Is the Thing All About the Money: Why Hong Kong Matters So Much to China )A variety of statistics show Hong Kong is still China’s financial window on the world, and the rest of the world’s financial window on China. Top of Form · A True · B False Bottom of Form 2 )Hong Kong stands out from the China mainland for its competent regulators, low taxes, free movement of capital and Top of Form · A rule of law. · B low cost of living. · C use of Mandarin Chinese. · D close relations to Taiwan. · E restrictive immigration policies.
Bottom of Form 3 )Cassie Kozyrkov, Google’s chief decision scientist, asserts that data is not infallible. Top of Form · A True · B False Bottom of Form 4 )A cited example of a business person who relies very heavily on intuition and not just data is Top of Form · A Jack Ma. · B Tim Cook. · C Carl Icahn. · D Masayoshi Son. · E Warren Buffett. 5 )When P&G developed gigantic toilet paper rolls, more than 90% of customers chose the larger size. Top of Form · A True · B False 6 )P&G calls its biggest toilet paper rolls Top of Form · A Mega Rolls. · B Forever Rolls. · C Monster Rolls. · D P&G Giant Rolls. · E Charmin Giants. 7 )UPS and FedEx have basically identical strategies.
Top of Form · A True · B False 8 )A key partner for FedEx in e-commerce to consumers isTop of Form · A UPS. · B Amazon. · C Facebook. · D Microsoft. · E US Postal Service. Bottom of Form Bottom of Form Bottom of Form Bottom of Form Bottom of Form Identifying the issue or problem For example, a situation where an accountant in finance is in a position of enhancing the reported company's operational results by designing an arrangement of sale-leaseback where assets of the company will be on sale, there will be a recording of gains, all the appropriate pronouncements of accounting are adhered to, and the company will still use its assets. The transaction intention was not to rid off the assets of the company that is unwanted.
Still, it was to avoid breaches in agreements of debt-covenant or circumvent the requirements in regulatory. Does the above action violate the user’s rights of statements in finances to fair representation of information about their finances? Does the above step have the maximization of the stakeholder’s welfare? In the approach, the agents have adopted the schizophrenia moral, which highlights that a better professional in that sense of being an accountant who is effective economically becomes separated from being a professional who is good in that sense of being an ethical accountant (Boyle, 2014). Virtue ethics, these are theories that are normative ethics that emphasizes the virtues of character, mind, and honesty sense (Schindler, 2018).
It includes the way of acquiring virtues, the application of attributes in various life situations, and if they have their basis in a nature that is human for universal. Articulating briefly the characteristics of the economic system that serves as the setting Virtues theory has the following characteristics: justice, we are required to offer fair and equal treatment to all human beings. Fidelity: it requires people to treat those people who are close to them with special care. Self-care: it requires us to take care of ourselves, mentally, affectively, spiritually, and physically. Prudence: a person who is prudent needs to consider fidelity, justice, and self-care (Pryor, 2013).
Laws violated by the business. The most important strength of ethics that are virtue is overcoming this schizophrenia moral. Ethics is no more a list that is merely on behaviour constraints. In the case of the financial accountant who maximized the profits of the firm, we find out that if she were virtuous enough, she would not have decided to maximize the benefits of the firm against the ethics code constraints. Maximization of the firm profits does not lie under her docket, so this was not her obligation.
The managers of the company are not supposed to bestow too much power on financial accountants to an extent they can maximize the profits of the firm. References Boyle, M. (2014). Schizophrenia: A Scientific Delusion? London, England: Routledge. Pryor, A. (2013).
The Prudent Investor's Guide to Owning Gold. eBookIt.com. Schindler, S. (2018). Theoretical Virtues in Science: Uncovering Reality through Theory. Chapter 7 Closing Case 3 Discussion Questions: 1) What were BlueRay’s advantages in the competition with HD-DVD ? Could Toshiba have done anything differently to ensure HD-DVD standard’s success?
2) Why do you think Warner Brother’s announcement set off a chain reaction? 3) Could Sony have anticipated that streaming would dampen the revenues of Blue-Ray?