The Increasing Use of the Internet and Computers Generally Has

question 10

Essay

The increasing use of the Internet and computers generally has made it much easier for businesses to gather,process,and distribute information about its customers,as well those who are not customers.In the context of ethical obligations,should business be able to gather and sell this information?

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Definitions:

Financial Reports

Documents that provide an overview of the financial condition of an organization, including income statements, balance sheets, and cash flow statements.

Statements of Financial Accounting Concepts

A series of documents issued by the Financial Accounting Standards Board outlining the objectives and fundamental concepts underlying financial reporting and accounting practices.

General Objective

A broad primary goal or aim that an organization or individual plans to achieve in the long term.

Financial Reporting

The procedure of making known the financial situation of an organization to its management, those who invest in it, and the government.