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Essay / Research Paper Abstract
3 pages in length. Sue knew her decision to bury the mistake was not the right decision or she would not have anguished over not having a few more days to find the error. However, she was up against a deadline that - in all reality - may have led to her job being compromised and possibly worse. So she did what many would do in that situation: fudge the books. This does not automatically mean Sue is a deceitful person, but it does illustrate how living up to one's moral and ethical standards can be a most difficult challenge, with decisions that not only impact that individual but also many others both directly and indirectly involved. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: LM1_TLCDigitechEth.rtf
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Unformatted sample text from the term paper:
a deadline that - in all reality - may have led to her job being compromised and possibly worse. So she did what many would do in that situation:
fudge the books. This does not automatically mean Sue is a deceitful person, but it does illustrate how living up to ones moral and ethical standards can be a
most difficult challenge, with decisions that not only impact that individual but also many others both directly and indirectly involved. Sue may have truly believed the difference to be quite
small and that it would not affect anyones decisions, however, that is beside the point entirely; in effect, she has chosen to abandon her ethical principles for a mere $1,000
rather than admit to the error and ask for an extension. This breach of moral standard becomes a detriment to the stockholders, who are more broadly defined as stakeholders.
No longer are stakeholders considered the upper echelon of investors; rather, theory introduced in the 1980s established that corporate obligation goes well beyond the standard investor. This new
approach, which "defined for business exactly to whom it must be responsible and, to a large degree, for what" (Poulton, 2003), set a precedence for those at stake to be
anyone "who has a direct interest in the firm or some stake in its activity" (Poulton, 2003), such as employees, customers, suppliers, distributors, interest groups, legal and regulatory bodies, as
well as the general populace. According to Donaldson et al (1995), an organizations ethical responsibility rests upon the following definition of what a stakeholder truly represents to every corporation,
no matter the size: o Stakeholders are persons or groups with legitimate interest in procedural and/or substantive aspects of corporate activity. Stakeholders are identified by their interests in
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