Essay about Ethical Issues in Business - 946 Words

2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their companys business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have†¦show more content†¦Chapter 3, Question 14 Assuming that the demand and supply for premium coffees are in equilibrium, the price will be at a constant, without significant pressure from the market. If Starbucks introduced the world to premium blends, this would cause a positive shift in the demand curve. There a higher equilibrium price and higher quantity when demand increases and supply remain unchanged. As prices increase, and the market moves to a new equilibrium, we will see higher wages, more advances and investments in technology and infrastructure, and greater competition. As production become more efficient and competition becomes greater, supply will increase and cause prices to settle back down. There are several factors that will impact the long-term equilibrium, such as changes in supply. For example, if a hard freeze eliminated Brazil’s premium coffee crop, this would cause a negative shift in the supply curve. Assuming demand remains constant a negative shift in the supply curve will cause quantity to d ecrease and equilibrium price to increase. Research shows that in 2011 a frost occurred in Brazils southeastern coffee growing belt. Traders worried that next years yields could be hurt. At the same time, heavy rains during harvest forced Columbia to reduce its crop estimate for 2011. Understanding the impact of problems along the supply chain and how the changes in supplyShow MoreRelatedEthical Issues Of A Business1415 Words   |  6 Pagesthe ethical issues that a business needs to take into consideration in their operational activities. Date: Ethical issues surrounding the operation of Cadburys Introduction Throughout this report I will be explaining the ethical issues that Cadburys needs to consider in their day to day activities. Also I will be focusing on the aims and objectives of the Cadburys. According to business case study the definition for business ethics is â€Å"the moral principles that guide the way a business behaveRead MoreThe Ethical Issues Of Business2360 Words   |  10 Pagesthis essay, I will discuss three sections of business among many which hold ethical issues. 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