Mindlap e https://ngcengage.cm/ 12elSBN-97813379158548id-3739767648snapshotd-947
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Mindlap e https://ngcengage.cm/ 12elSBN-97813379158548id-3739767648snapshotd-9470578 MINDTAP apter 1 Assignment ack to Assignment ttempts: 7. Ethical corporate behavior and the Sarbanes-Oxley Act Most executives believe that they and their firms behave in an ethical manner and that it is in From Cengage Average: 13 their best interests to do so. How can a firm's ethical conduct increase its long- term profitability? O Ethical corporate behavior attracts managers who believe that greed is good and that to succeed they should be prepared to do absolutely anything necessary for the firm to make a profit. O Ethical corporate behavior builds public trust and encourages the use of good corporate governance. Both increase the likelilhood that creditors and investors will want to invest in the firm, which in turn increases the availability of financial capital. Ethics deals with questions of right or wrong behavior. Which of the following behaviors involves ethical-as opposed to unethical-dedision making? 0 while considering the purchase of an expensive piece of equipment, a firm's purchasing manager recommends that the purchase be made from his cousin's firm rather than from one of two other vendors offering the identical equipment at lower prices. O While riding in a taxi, a loan officer with the Fifth County Bank finds a briefcase containing the confidential and proprietary lending policles of a competing bank. Instead of returning the briefcase, she keeps the competing bank's information and distributes it at the next loan application review meeting O Type here to searchExplanation / Answer
1. b. ethical corporate behaviour builds public trust and encourage the use of good corporate governance. both increase the likelihood that creditor and investors will want to invest in the firm , which in turn increases the availability of financial capital.
2. While considering the purchase of an expensive piece of equipment, a firm purchasing manager recommends that the purchase be made from his cousins firm rather than from one of two other vendor offering the identical equipment at lower price, is an ethical decision.