12 decisions were
To illustrate this point, assume you are a senior leader, such as a president, provost, or de
Required:
For each of the 12 decisions in Exhibit P-2, provide an example of how it might be ap
EXERCISE P-4 Ethics and the Manager
Richmond, Inc., operates a chain of 44 department stores. Two years ago, the board of di
remodeling of its stores to attract a more upscale clientele.
Before finalizing these plans, two stores were remodeled as a test. Linda Perlman, assistar
reporting for these test stores, and she and other management personnel were offered bom
these stores. While completing the financial reports, Perlman discovered a sizable invento
discounted for sale or returned to the manufacturer. She discussed the situation with her r
ignore reporting this inventory as obsolete because reporting it would lower profits and th
Required:
1. According to the IMA's Statement of Ethical Professional Practice, would it be ethical f
obsolete?
2. Would it be easy for Perlman to take the ethical action in this situation?
EXERCISE P-5 Strategy