Revising Ethical Standards

Question Description:



Business Philosophy and Ethics

Business Ethics


Revising Ethical Standards


Please propose a plan for revising the ethical standards and the communication of these standards in order to resolve the issue for the above article.

Solution Preview

There are two issues going on in this article

The first is the misuse of corporate funds. In this case, it seems they were misused by using gift cards and expense accounts. Therefore, they weren’t taken out straight from the company, but were taken out via otherwise legitimate means. However, $500,000 seems somewhat excessive even for that. The point is though that the funds were used in a way that was not legitimate. If the funds were really intended to be used for …