MGM101H5 Chapter Notes - Chapter 6: Corporate Social Responsibility, Brand Equity, M&M Food Market

• School: UTM
• Department: Management
• Course: MGM101H5
• Professor: Dave Swanston

Document Summary

Ponzi scheme: is a type of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. There are two levels to assess ethics: ethics and the individual and culture of the organization. Personal values, spiritual influences, experiences, past environments, social image. Societal interpretation, societal conditioning, legal and regulatory guidelines. Pressure to meet the company"s objectives, reward systems, pressure from superiors, ethics guidelines, stakeholder influences. Ethical decision making process identify whether an ethical dilemma exists -> gather facts of the situation -> evaluate the alternatives. You can have the best skills but if you are not trustworthy, people will not want to work with you/ Forensic accounting this determines the potential extent of damage an organization may have incurred due to unethical behaviour or financial integrity issues. They settle disputes relating to valuation, economic damage, breach of contract, fraud, and personal injury and more.