Ethics Chapter 1 Ethical Dilemma Essay - 690 Words

Ethics Chapter 1 An Ethical Dilemma – Questions/Exercises 1. What is/are John’s ethical issues? I do not know the exact definition of ethical but I believe it to be related to our behavior and the decisions we make and if they are considered right or wrong by society. I am sure there are times when a situation may be perfectly legal but we may not think it is okay. Keeping this in mind, John’s ethical issues include thoroughly researching IPOs and using this information to his advantage, pocketing profits from the shorting process, disregarding the non-compete clause and allowing mailings to be sent to his clients prior to resigning, indirectly letting his clients know he was personally paying for their expenses instead of†¦show more content†¦I think the potential ethical issues are giving the client season tickets and a vacation in return for purchasing additional inventory, taking the best accounts to Vegas for a thank you party with all expenses paid including adult entertainment and keeping it quiet. 2. What should Acme do if there is a desire to make ethics part of its core organizational values? Acme needs to communicate core values to their employees. Ethics programs need be created and overseen by appointed ethics officers. The ethical component relates to the values, beliefs and established and enforced patterns of conduct that employees use to identify and respond to ethical issues. 3. Identify the ethical issues of which Frank needs to be aware. He should be concerned about the fact he agreed to give the client season tickets and a vacation in return for an increase inventory which resulted in a personal bonus for Frank and achievement recognition. Amber offered the thank you trip but Frank would be telling the client adult entertainment is okay per Amber and it would not get out. Each time he goes to this client with a recommendation to increase inventory, the client is going to expect to get something in return. If other clients find out about this, they may expect the same treatment or they may take their business elsewhere. 4. 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