Highlights
TASK:
You may either:
1) Choose two questions from Section (A) (15% each x 2 = 30%),
2) Choose one question from Section (A) (15%) and 3 questions from Section (B) (15%) (15 + 15 = 30%),
3) Choose six questions from Section (B) (5% each x 6 = 30%), or
4) Choose one question from Section (A) (30%)
If you choose option 2) then your essay for Section (A) should be 6-7 typed, double-spaced pages in length. If you choose option 4) then your essay for Section (A) must be 12-14 pages in length.
At the outset of your final exam, please clearly specify which of option 1)-4) you have chosen to complete.
Section (A) Essay Questions
1. Examine the ethics of accounting through the lens of the case of Nortel, Worldcom, Enron, and/or Arthur Andersen. What went wrong in these cases and, from an accounting perspective who, or what, was responsible? What key values and/or principles of accounting were ignored or violated, and by whom? What should have been done differently to avoid the negative outcomes experienced by stakeholders, including shareholders, employees, and the general public?
2. Same as question 1 but select a different case study.
3. Examine the ethics of corporate governance through the lens of the case of Nortel, Worldcom, Tyco and/ or Enron. What went wrong in these cases and, from the perspective of corporate governance who, or what, was responsible? What mistakes were made with respect to corporate governance, and by whom? What should have been done differently to avoid the negative outcomes experienced by stakeholders, including shareholders, employees, and the general public?
4. Same as question 3 but select a different case study.
5. Explicate and assess the relative merits of the ‘humanistic argument,’ and the ‘naturalistic argument’ as approaches to environmental ethics. What, respectively, are the humanistic and naturalistic arguments, and how do they differ from one another? What sorts of consequences for the environment might result from taking one approach versus the other, and how would it impact business and society? Which of the two arguments is to be preferred as a framework for environmental ethics, and why?
6. Same as question 5 except assess the relative merits of the ‘precautionary principle’ and the ‘proactionary principle.’
7. Explicate and ethically assess the case of the Alberta oil sands (p. 264). What sorts of economic, and environmental consequences are associated with the development of the oil sands and how, if at all, can they be balanced? In your text they note that Canada has received unprecedented criticism both domestically and internationally for the negative environmental impacts inflicted by its continued support for the development of its oil sands. What are these criticisms? Are the criticisms warranted? Why or why not?
8. Examine international business ethics through the lens of the case of SNC Lavalin, Huawei, Nike Sweatshop allegations, and/or the U.S.-China trade war. Is ethics a handicap to successful international business? Does the nature of international business mean that it must be? Why or why not? What, if anything can be done to promote and enhance ethical business practice within international commerce?
9. Same as question 8 but choose a different case study.
Section (B) Short Answer Questions (400-600 words each)
1. What is the principal-agent problem? Briefly describe the problem and provide one or more case studies to illustrate.
2. Explicate the distinction between internal and external mechanisms of corporate governance. Provide examples to illustrate.
3. What is incentive-based compensation and how is it supposed to resolve the principal-agent problem? Provide examples to illustrate.
4. What challenges for corporate governance are posed by incentive-based executive compensation? Provide examples to illustrate.
5. What is the market for executive employment and how does it serve as a mechanism of corporate governance? Provide one or more examples to illustrate.
6. Same as question 5 except substitute ‘market for capital control’ for ‘market for executive employment.’
7. What is the Sarbanes-Oxley Act (2002)? Is it an internal, or external mechanism of corporate governance? How is it supposed to work to improve corporate governance?
8. What is the board of directors model and what are the weaknesses of it identified in your textbook?
9. What is corporate citizenship? Provide one or more examples to illustrate.
10. Identify and explicate 3 values of chartered professional accountants. Provide examples to illustrate.
11. What are conflicts of interest and how do they differ from being affected by conflicts of interest? Provide one or more examples to illustrate.
12. What are the GAAP and why, from an ethical perspective, is it important that they be followed? Provide examples to illustrate.
13. Explicate the distinction between codes of ethics and codes of conduct. Provide examples to illustrate.
14. Explicate the distinction between de facto and de jure value systems. Provide examples to illustrate.
15. What are professional, business, and industry codes? How are they both similar and distinct from one another? Provide examples to illustrate.
16. With respect to environmental ethics, briefly explicate the distinction between the ‘humanistic argument’ and the ‘naturalistic argument.’ Provide examples to illustrate.
17. With respect to environmental ethics, briefly explicate the distinction between the ‘precautionary principle,’ and the ‘proactionary principle.’ Provide examples to illustrate.
18. Should Canada continue to develop its Alberta oil sands? Why or why not? State a position on this controversy in environmental ethics and provide two distinct supporting considerations for your view.
19. Is corruption acceptable in foreign cultures? Why or why not? State a position on this controversy in international business ethics and provide two distinct supporting considerations in favour or your view.
20. Explicate the distinction between negative and positive rights. Provide examples to illustrate.
21. What are negative externalities and how are they implicated in human rights? Provide one or more examples to illustrate.
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