Essay Available:
Pages:
2 pages/≈550 words
Sources:
3
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:
Corporate Memo on Ethical and Legal Concerns
Essay Instructions:
Assignment Content
Competency
Critique ethical decision making in business operations.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information page.
Scenario
You work in the accounting department at your U.S. based company. The Vice President enters your office and asks you for a check for $250.00 for expenses he tells you he incurred taking a client to a late dinner the night before. He provides you with receipts for a dinner for two at one of the most expensive restaurants in the city. A few minutes later, you head over to the employee lounge and pass by his receptionist who is telling someone else how the VP proposed to his girlfriend the night before at that same restaurant. You decide you need to alert the CEO to the situation.
Instructions
Write a corporate Memo in Microsoft Word (minimum two pages) to the CEO that describes your ethical and legal concerns in the given business situation. Address the following:
What are the ethical concerns in the given business situation?
What is the relationship between ethics and law in business (including consequences when either is violated)?
Provide both a business solution and at least one law that would support you in reporting this situation to the CEO.
Be sure the memo displays proper grammar, spelling, punctuation,sentence structure, and APA references.
Essay Sample Content Preview:
Corporate Memo on Ethical and Legal Concerns
Name
Institution
Course
Instructor
Date
Corporate Memo on Ethical and Legal Concerns
Ethical Concerns
Of all the liberal arts, ethical decision-making remains the key to trust and business sustainability in contemporary organizations. The case in question describes a scenario in which the vice president demanded compensation of $250 on the pretext of taking clients to dinner. He countered by producing receipts from one of the most expensive restaurants in the city. However, within a few minutes of this request, I learnt that the VP had proposed to his girlfriend at the same restaurant the previous night.
This leads to severe ethical considerations. When the reimbursement request of the VP has made expenditures for personal rather than business-related, company funds are misused. That is unfair and unethical to do so, but beyond that, such behaviour threatens to bring down the standards of the business besides influencing the other employees to emulate the same behaviour (Chapple et al . , 2020). This rather interferes with what one expects from the organization's ethical practices. It may tarnish the business's image if carried forward for any reason. Moreover, using organizational funds for personal gains is a rife vice for the leadership, and if addressed, it will transform the organizational culture and image.
Relationship between Ethics and Law in Business
Ethics and law are two of the biggest components of business. Ethical behavior is most often legal, whereas in some cases, the particular act can be legal but unethical. By so doing, it may be possible to exaggerate personal expenses, present them as business expenses, and apply for reimbursement, which is fraudulent and unlawful under ...
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