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    erinnetter's Avatar
    erinnetter Posts: 2, Reputation: 1
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    #1

    Jul 13, 2011, 06:25 PM
    Ethical Issues
    The tobacco companies have paid billions because of smoking-related illnesses. In particular, Philip Morris, a leading cigarette manufacturer, paid over $3 billion in one year.

    1. Suppose you are the chief financial officer (CFO) responsible for the financial statements of Philip Morris. What ethical issue would you face as you consider what to report in your company's annual report about the cash payments? What is the ethical course of action for you to take in this situation?

    2. What are some of the negative consequences to Philip Morris for not telling the truth? What are some of the negative consequences to Philip Morris for the telling the truth?



    dwan lee's Avatar
    dwan lee Posts: 4, Reputation: 1
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    #2

    Jul 16, 2011, 08:39 PM
    As the managaemnet you are responsible for everything that goes on in a company so you have to take responsibility for everything now saying this look at the ethical parts of all this and ask yourself if he can be fired from this
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:confused: :confused: Ethical issue: the tobacco companies have paid billions because of smoking related illness. In particular, phillip morris, a leading cigarette maufacturer paid over 3 billion dollars in one year 1) Suppose you are the CFO (Chief Financial officer) responcible for the...

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