You Are an Ethics Consultant,and a Group of Managers Have

question 135

Essay

You are an ethics consultant,and a group of managers have asked you for some guidelines to determine the ethicality of a decision.You tell the managers that one cannot guarantee the rightness of a decision,but a checklist can improve the chances of a decision being ethical.What are six questions you would tell the managers to put on this checklist?

Recognize the importance of a petty cash system and its management.

Understand the application and limitations of internal control systems.

Recognize various types of transactions and their impact on bank reconciliation.

Know the importance and use of electronic transactions in business.

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Definitions:

Time-efficient

Pertains to a method or process that achieves desired results without wasting time.

Operating Agendas

The set of priorities, tasks, and activities that an organization or individual plans to focus on during a certain period.

Norming Stage

The stage in group development where team members adjust their behaviors to work more cohesively and establish norms for group interaction.

Forming Stage

The initial phase in group development where teams are created, members get acquainted, and define their task and how to approach it.