Ethical, legal, and social responsibility issues that your topic Research Paper

Ethical, legal, and social responsibility issues that your topic raises - Research Paper Example It is usually hard to choose whether to apply these unethical conditions because despite the challenges they face, it can be beneficial to the organization. It can lead to lower variable costs and increase in company profits. It is very important that executive members of organizations such as senior managers and supervisors equip themselves with ethical knowledge and skills. These would come handy when they face ethical dilemma on whether to use appropriate employee working conditions or not (Crowther, 43). When deciding on whether to change the current working conditions, it is important to research if the issue is serious and if it harms stakeholders of the organization. These stakeholders include employees, families of employees, shareholders, customers, suppliers and the society that neighbors the organization. Some of the issues such as hiring fewer employees are small problems that can be sort out internally. Large issues such as massive pay cut of employee salaries or exposing employees to health hazards put the reputation of the organization down. If the issue is very serious, junior managers should take it upon their responsibility to pass it to a senior manager or any officer with a high authority. It takes great courage when it comes to managers voicing personal values on ethical issues of employee working conditions. Not every organization executive share the same beliefs and values, but understanding and knowing ones values puts them at an advantage when dealing with ethical dilemma that may arise in the organization. Several steps should be considered before organizations change their employee working conditions. First, it should ask itself how it feels about the particular issue. It should then have its intentions to be for the greater good .Next; the organization should evaluate and consider its power in the specific industry that it carries its operations. After this, the organization can then weigh the risk and benefits of its action.

Week 3 exercises Essay Example | Topics and Well Written Essays - 1000 words

Week 3 exercises - Essay Example A long term liability is one that has to be repaid in more than 1 year. These include bonds, long term loans, debentures and other similar long term debts that the company takes from others and the repayment schedule is more than one year. A bond is a debt instrument which is used to borrow money. The organization in need of money issues bonds (the issuer); the lender who pays money to obtain bond is called bond holder. The bond holder gets interest payments on the bond at future dates. The principal is paid at future date also. The period of the bond is predefined and is called maturity. A bond is different than stock as the bond holder does not assume any ownership right on the company as compared to stock holders unless it is a convertible bond. Bond is an example of long term liabilities. A secured bond is one that has physical backing of an asset to ensure that bond holder’s capital is safe even if the issuer defaults on payments. This provides assurance to the lenders that their capital will be returned in case of any mishap to issuer organization. Some examples of secured bonds include mortgage bonds (which are backed by real estate) and equipment trust certificate (which are secured through company equipment). An unsecured bond, on the other hand, is one that is not backed by any security or collateral. In case of default, the bond holder would lose the invested funds and will have no recourse. As it is apparent, the risk in unsecured bonds is higher; but then these are issued at higher interest rates to attract investors. Unsecured bonds issued by government do not carry high interest rates. This is because these bonds are backed by the government and thus the risk of failure is quite low. A convertible bond is one that can be converted into common shares or cash, at a predefined rate. Convertible bond is a semi-debt, semi-equity like