Many Companies Routinely Use Facebook and Other Social Media Outlets

question 20

Essay

Many companies routinely use Facebook and other social media outlets as part of their management practice. In a climate where so much information is so readily available to him, why is it important for a manager to be ethical when using social media for business purposes? Write a short essay that answers the above question and argues whether or not social media can be used ethically to monitor employee behavior and to gather competitive intelligence.

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Definitions:

Cost Pool

A grouping of individual costs typically associated with manufacturing processes, designed to simplify the allocation of overheads to products or services.

Plantwide Overhead Rate

A single overhead absorption rate used throughout a manufacturing plant or facility to allocate indirect costs to products.

Gathering Information

The process of collecting data and insights relevant to a specific topic or question, often an initial step in decision-making or research.

Multiple Cost Pools

An accounting method that separates costs into different categories or pools, to more accurately assign indirect costs to products or services.