Discuss How the Goal of Profit Maximization Is Affected by Ethical

question 27

Essay

Discuss how the goal of profit maximization is affected by ethical considerations. What incentives are there for managers to manipulate accounting data in unethical ways in order to increase profits?

---

Definitions:

Thinking Process

The cognitive activities involved in processing information, solving problems, and making decisions.

Beck

Aaron T. Beck, an American psychiatrist known for developing cognitive therapy (later known as cognitive-behavioral therapy) and his work on cognitive theories of depression.

Distancing

A psychological mechanism where individuals create emotional space between themselves and challenging situations or emotions.

Therapeutic Method

Generic term for the various techniques or approaches used by therapists to help clients overcome psychological issues, improve mental health, or facilitate personal growth.