MGM101H5 Chapter Notes - Chapter 6: Institute For Operations Research And The Management Sciences, Ponzi Scheme, Whistleblower

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Nate Charlow

Document Summary

Ponzi scheme: type of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ethics: reflection of moral principles or beliefs about what an individual views as being right or wrong. Societal: societal interpretation, societal conditions, legal and regulatory guidelines, business culture, pressure to meet company objectives, structure of reward systems, pressure from superiors, corporate ethics guidelines. Professional : professional designations and association influences: individual: personal values, spiritual influences, past experiences, cultural influences, social image. Board of directors: term for governing body of corporation, comprising individuals chosen or elected to oversee management of organization. *check pg 130 for steps / zones of decision making* Whistleblowing: process thru which an individual informs someone in authority of dishonest act or dishonest behaviour of another person. Code of conduct: names for a statement that describes the required responsibilities, actions, and rules of behaviour of organization"s employees. Forensic accounting: integration of accounting, auditing and investigative skills.