Many Organizations Are Placing Increasing Importance on Values and Ethics

question 75

Essay

Many organizations are placing increasing importance on values and ethics in the workplace. Discuss two reasons why workplace values have become more important in recent years. Your answer should briefly define values and ethics.

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Definitions:

Appreciated Property

Property that has increased in value over time, which can impact capital gains tax when sold.

Partnership Interest

An ownership share in a partnership that represents the holder's stake in the partnership's profits, losses, and capital.

FMV

Fair Market Value, the price that a willing buyer and seller would agree on when both parties are informed and under no pressure to trade.

FMV

Fair Market Value, the price at which a property would sell under normal conditions.