What are the main ethical issue(s) in this scenario? Set out the possible courses of action open to Betty Assess these alternatives using ethical theories familiar to you
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Read the case below and address the questions attached
Betty has finally returned to her job as an accountant at Blue Chip Enterprises, a small family
run hardware supplies chain, after a five-year extended maternity break. She has returned at an
important time in the fiscal year: tax season. As she reviews the books for the period she was
gone, she notices little anomalies which suggest that Blue Chip has been reporting much less
income than they have actually made in the last two years.
Troubled by this, Betty approaches the company owner, Mr.Asamoah, who comes clean and explains that he has been altering the books because of a personal financial slump that he fell into
because of a gambling problem. Mr.Asamoah promises that from now on, now that Betty is back, he will no longer attempt to reduce his tax liability because he and the company are in a better
place now. However, he also makes clear to Betty that he cannot afford to pay the back taxes
and their penalties.
If Betty reports the fraud to the tax authorities, the company may close. If it comes out that she
did not report it, she will lose her license.
Questions
- What are the main ethical issue(s) in this scenario?
- Set out the possible courses of action open to Betty
- Assess these alternatives using ethical theories familiar to you
- What should she do, and why?
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