EOC Chapter One Quiz 1.3

a. Is it legal? Yes, but at the same time, it seems pretty shady "Any course of action that violates written law or company policies and procedures is wrong." Managerial Accounting For the Hospitality Industry Figure 1.3 Page 20

b. Does it hurt anyone? Yes and no. Why? What the company doesn’t know won’t hurt them. At the same time, the salesperson went out of their way to compensate for the late deliveries. You can also run the risk of getting fired by your employer should anyone within the company finds out what was going on. "Is the manager accruing benefits that rightfully belong to the owner of the business? Discounts, rebates, and free products are the property of the business, not the manager." Managerial Accounting For the Hospitality Industry Figure 1.3 Page 20

   

c. Am I being honest? You’re not being honest with yourself if you do decide to take those hot dogs. You can actually tarnish your reputation if you get caught. With that being said, that is no good.

d. Would I care if it happened to me? That would be an emphatic yes! I wouldn’t want to be known for shady dealings. "A quick way to review the ethical merit of a situation is to consider whom you would tell about it." Managerial Accounting For the Hospitality Industry Figure 1.3 Page 20

 

e. Would I publicize my action? No, I would deal with the repercussions in house so none of this would go public.

f. What should be done with the two cases of hot dogs? The hot dogs would not have been accepted.