Posts Tagged: ethics

Uber and Lyft to the Rescue

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

This article talks about the cost of an ambulance ride. With ride-hailing services like Uber or Lyft far cheaper and now available within minutes in many areas, it shows how a significant amount of money for non-emergency situation would be better served using an Uber or a Lyft. Questions: 1. How much was spent in… Read more »

Research shows rich people are more likely to lie, cheat, and steal

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Fraud Accounting, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

Questions: 1. What did you think was the most interesting thing that Keltner and Piff found out as part of their experiments? 2. Why should we care about the ethics of wealthy people? 3. According to the article, what does power lead to? 4. In your opinion, what was the most remarkable point made in… Read more »

Bad Way to Encourage People to Use Self-checkout Lines

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This article discusses how many companies are employing aggressive legal tactics and taking advantage of loosely written state laws, to push for restitution even when people have not been convicted of wrongdoing. Questions: 1. How much does shoplifting cost stores each year? 2. What happens in many states to payments made to retailers before court… Read more »

A Toast to Howard Schultz – Coffee That Is!

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Howard Schultz is stepping down as executive chairman and member of the Board of Directors of Starbucks and will be honored with the title of chairman emeritus effective June 26, 2018. Questions: 1. How long has he been CEO and Chairman? 2. Briefly summarize what his tenure has meant for the company? 3. What is… Read more »

You’re never too old for foster care!

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The Veteran’s Administration (VA) has a new program that provides housing and care for veterans for an alternative to nursing home care for those who cannot live safely on their own. Veterans pay their caregivers $1,500 to $3,000 a month, depending on location, saving the government about $10,000 a month in nursing home care. Questions:… Read more »

What is Farm Fraud?

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Brad A. McIntyre, 35, of Bastrop, La., was sentenced on one count of conspiracy to commit mail fraud, five counts of mail fraud and four counts of money laundering related to engaging in monetary transactions in property derived from specified unlawful activity via farm fraud. He was also sentenced to three years of supervised release… Read more »

Legalized Wage Theft?

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According to Huffington Post, the burrito chain, Chipotle’s, has asked the Supreme Court to exclude 2,814 workers from a massive wage theft lawsuit because they signed mandatory arbitration agreements. Questions: 1. At the heart of this dispute, how many people who have worked for the burrito chain joined a 2014 lawsuit alleging the company systemically… Read more »

Sweet Betsy from Pike

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In a break with Obama administration policy, Education Secretary Betsy DeVos announced in December that some students cheated by the now-defunct schools would only get a part of their federal student loan forgiven. In order to determine how much to forgive, the agency analyzes average earnings of graduates from similar programs. Questions: 1. What did… Read more »

Flight of the Bumble Bee

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According to the Associated Press, U.S. prosecutors filed a criminal charge against the CEO of Bumble Bee Foods as part of an ongoing investigation into price fixing in the packaged seafood industry. Questions: 1. During what period did the firm allegedly conspire with others in the industry to eliminate competition by setting prices for canned… Read more »