Question
A situation in which two moral principles conflict with
one another is known as ______ Read the following passage and answer the next 3 question (Q21-Q23) According to Wallace, "A credo generally describes the highest values to which the company aspires to operate. It contains the `thou shalts.' A code of ethics specifies the ethical rules of operation. It's the `thou shalt nots." In the latter 1980s, The Conference Board, a leading business membership organization, found that 76% of corporations surveyed had codes of ethics. Some business ethicists disagree that codes have any value. Usually they explain that too much focus is put on the codes themselves, and that codes themselves are not influential in managing ethics in the workplace. Many ethicists note that it's the developing and continuing dialogue around the code's values that is most important. If an organization is quite large, e.g., includes several large programs or departments, it may want to develop an overall corporate code of ethics and then a separate code to guide each of its programs or departments. Codes should not be developed out of the Human Resource or Legal departments alone, as is too often done. Codes are insufficient if intended only to ensure that policies are legal. All staff must see the ethics program being driven by top management.Solution
In philosophy, ethical dilemmas, also called ethical paradoxes or moral dilemmas, are situations in which a person stands under two or more conflicting moral requirements, none of which overrides the other. An ethical dilemma is a situation in which every available choice is wrong or inconsistent with accepted ethical guidelines. For example, the choice faced by the nation to impose lockdown in COVID times or not was an ethical dilemma. No lockdown meant more loss of lives and lockdown meant economic downturn which ultimately also impacted livelihood and lives of people.
A firm produced goods of Rs. 80,000 and spent Rs. 6,000 on carriage outward. At the end of the year, cost of goods still unsold was Rs. 2,000. Sales dur...
Under CGTMSE, what is the general provisioning requirement on loans covered under guarantee in case of default?
When a borrower creates a charge over movable assets (present or future) in favor of a lender, but retains possession of those assets, such a security a...
Read the following information to answer the below questions:
Which of the following accounting entries is correct for buyback of shares using free reserves?
The coefficient of correlation takes the value in which of the following ranges?
Valuing inventory at cost or net realizable value is based on which principle?
A company has issued non-convertible debentures. Which of the following is true?
Which one of the following is treated as revenue expenditure?
The company should file form _______ with the board resolution and with prescribed fee to the Central Government for appointment of the cost auditor.
