Question

You are the Director of Security at Grey Corporation. Grey Corporation is a large multi-national company....

You are the Director of Security at Grey Corporation. Grey Corporation is a large multi-national company. Black Corporation is one of Grey’s suppliers. A disgruntled Black Corporation employee has informed you that certain sales people who work at Black have given kickbacks amounting to over $20,000 during the past two years to John Jones, the Grey Corporation Director of Purchasing. John Jones is a good friend of yours.

When you discuss the matter with him, he readily admits that he has accepted the kickbacks. He tells you that there are several extenuating circumstances and pleads with you to overlook the mistake. His reasoning is:

He has three young children and you know how much his family would suffer.

He accepted the money because one of his children needed an operation that resulted in large medical bills.

The amount he accepted is insignificant to the corporation.

The prices that Black Corporation charged Grey Corporation were competitive; thus Grey Corporation did not lose any money.

He has a twenty year record of good service to the Company.

You are a religious person and John Jones questions you “isn’t forgiving one mistake the proper Christian thing to do?”

How would you deal with this situation?

Are there are specific actions you would take?

Homework Answers

Answer #1

We Deal with the Situation in following Manner-

Mr John, a religious person and having a good track record of 20 years of service to the company, He has accepted kickbacks to our Competitive company.

We inquire than he accepted that he has received kickbacks from Black Corporation and he has various reasons to justify his actions as mention in the given question.

Any WRONG DONE CAN NEVER BE JUSTIFIED. Mr John should guilty of what he has done.

We have to set an example by give him proper punishment so that any one never do same thing in Future.

We can take following Action-

1. Fire Mr John for a certain period of time.

2. Fine which is equal to kickback amount

3. any other action.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You are the tax accountant for Mr. Edwards who owns an S Corporation. He wants to...
You are the tax accountant for Mr. Edwards who owns an S Corporation. He wants to reduce his salary by one-third in order to “save on taxes” and have more money to reinvest in his business. He works 50 plus hours a week to see his business succeed. Each year the business has increased its profits. This is mainly due to Mr. Edwards’ and his dedicated employees’ hard work and the large reinvestments he has made into the business. What...
The board of The Best Banana Cake (TBC Ltd), a large coffee bean company listed on...
The board of The Best Banana Cake (TBC Ltd), a large coffee bean company listed on the Australian Stock Exchange, comprised of four directors, three of whom are executive directors and one of whom is a non-executive director: Brendan is the managing director of TBC Limited. He has been on the board of TBC Ltd for several years. Stephen is a chartered accountant and is the Chief Financial Officer at TBC Ltd and is an executive director of TBC Limited....
Morris, John and Paul are directors and shareholders of Noosa Property Developments Pty Ltd (NPD), a...
Morris, John and Paul are directors and shareholders of Noosa Property Developments Pty Ltd (NPD), a property development company which owns and operates a restaurant. Morris and John are brothers. John and Paul are friends and partners in an accounting firm. Morris is an unemployed artist and sole parent of three young children. The total number of issued shares in NDP is 6,000 ordinary shares. Each shareholder has 2,000 shares. All the shares are fully paid. NPD has been very...
Imagine that you are on the Office of the Director of National Intelligence (ODNI) staff. The...
Imagine that you are on the Office of the Director of National Intelligence (ODNI) staff. The DNI will soon meet with the Director, CIA, to discuss potential beneficiaries of the recent mid-fiscal year “OCO” supplemental appropriation. The accompanying classified conference report directed that a portion of the additional Central Intelligence Agency Program (CIAP) budget authority was for covert action. In preparation, the Chief Finance Officer (CFO) has requested your recommendation and a very brief rationale, on which one of the...
2) Nour’s cell phone company sent her a large bill that she disagrees with. Nour can...
2) Nour’s cell phone company sent her a large bill that she disagrees with. Nour can offer an Accord and Satisfaction because Select one: a. The debt is unliquidated. b. The reasonable person would agree with her. c. The debt is liquidated. --------------------------------------------------------------------------------------------- 3)Angelina hires Brad to babysit. They do not discuss price. At the end of the night, Brad demands $500 which Angelina refuses to pay. Which of the following is true? Select one: a. Brad will get the...
Multi-selection: Check all that apply. Which of the following exemplify "marginal reasoning?" You must choose all...
Multi-selection: Check all that apply. Which of the following exemplify "marginal reasoning?" You must choose all that apply. Question 27 options: A) Arnold, a man of 35 years of age, is a creature of habit. His new girl friend wants him to consider buying a new style of shirt. However, he has been wearing the same style since he was 16 years old, and he refuses to change. He will not consider the marginal benefit of the new style. Nor...
In his own words, Daniel Jones was “The Dude.” With his waist-long dreadlocks, part-time rock band,...
In his own words, Daniel Jones was “The Dude.” With his waist-long dreadlocks, part-time rock band, and well-paid job managing a company’s online search directory—he seemed to have it all. Originally from Germany, Jones, now age 32, earned his doctorate and taught at the University of Munich before coming to the United States, where he started his career in computers. In 1996, Jones started working with the company as a director of operations for U.S.-Speech Engineering Service and Retrieval Technology—working...
In his own words, Daniel Jones was “The Dude.” With his waist-long dreadlocks, part-time rock band,...
In his own words, Daniel Jones was “The Dude.” With his waist-long dreadlocks, part-time rock band, and well-paid job managing a company’s online search directory—he seemed to have it all. Originally from Germany, Jones, now age 32, earned his doctorate and taught at the University of Munich before coming to the United States, where he started his career in computers. In 1996, Jones started working with the company as a director of operations for U.S.-Speech Engineering Service and Retrieval Technology—working...
Larry is a customer service representative for a large nationwide insurance company. His primary job is...
Larry is a customer service representative for a large nationwide insurance company. His primary job is to evaluate workers' compensation claims and provide members assistance in accessing services and financial resources. Larry covers two states, California and Louisiana, and usually has not more than a hundred or so active cases at any given time. All information is electronic, and communication is done through e-mail and phone calls. Larry works five days a week from 8:00 a.m. to 4:30 p.m., with...
*FOR THIS HOMEWORK ASSIGNMENT, YOU MUST SHOW ALL WORK (CALCUATIONS) AND DRAW TIME LINES. 5) You...
*FOR THIS HOMEWORK ASSIGNMENT, YOU MUST SHOW ALL WORK (CALCUATIONS) AND DRAW TIME LINES. 5) You want to purchase a condo for $250,000. You have $50,000 to put down and you will take out a 20 year mortgage at 4% interest. What is your monthly mortgage payment? 6) After taking a finance course, you are serious about developing a MONTHLY plan to save and invest. You are 22 years old and want to retire at 62 years old with 1.5...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT