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CHAPTER 4

CHAPTER 4. Are Your Actions Legal?. 68 Research state and national organizations and laws that govern the accounting profession. 70 Identify desirable traits of professionals 71Identify ethical considerations related to technology. Understanding Business Ethics.

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CHAPTER 4

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  1. CHAPTER 4 Are Your Actions Legal?

  2. 68 Research state and national organizations and laws that govern the accounting profession. 70 Identify desirable traits of professionals 71Identify ethical considerations related to technology Chapter 4 Understanding Business Ethics Identify characteristics of individuals who make good ethical decisions.

  3. Chapter 4 Are Your Actions Legal? • “A man should be upright, not be kept upright.” • This famous statement by Marcus Aurelius suggests that, in a perfect world, everyone would always do the right thing.

  4. Chapter 4 Are Your Actions Legal? • In the real world, however, governments have been forced to create complex systems of laws to force individuals to adhere to the social norm of right and wrong. • We rely on these laws for our protection as well as the orderly operation of our society.

  5. Chapter 4 Are Your Actions Legal? • For example, think about the chaos that might result if individuals could choose which side of the road to drive on!

  6. Chapter 4 Are Your Actions Legal? • Many laws are common knowledge for individuals working in business: • Employers may not discriminate on the basis of national origin. • Customers may not be charged different prices for the same item. • Taxes must be paid to the government.

  7. Chapter 4 Are Your Actions Legal? • Whether an action is legal is not always so obvious. Did you know: • It may be illegal to sell certain items, such as computers and oil, to countries that violate global norms of conduct. • An interviewer may not ask a prospective employee if he or she has children. • Companies with more than $10 million in assets having more than 500 owners must file annual and other periodic reports with the government.

  8. Chapter 4 Are Your Actions Legal? • No one can be expected to know every law that might affect the operation of a business. • To assist its managers, businesses hire lawyers to provide their managers with legal advice.

  9. Chapter 4 Are Your Actions Legal? • Most large businesses have their own legal departments staffed with lawyers. • Smaller businesses typically pay a retainer fee to an independent lawyer to provide legal advice when needed. • All businesses should provide their managers with regular training on legal issues. • Managers should be encouraged to consult the lawyers if there is any questionwhether an action might be illegal.

  10. Chapter 4 Exit TicketAre Your Actions Legal? • Instructions • Use an Internet or library source to prepare a list of questions that are illegal for an employer to ask during a job interview. Answer the following in a Word Document, SaveAS: Chapter4EthicsYourName and drop a copy in my Inbox today!

  11. Complete Chapter 4 Study Guide Complete Mastery Problem 4-6 Chapter 4 Chapter 4 Assignmentson Aplia

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