COMM 103 Lecture Notes - Lecture 5: Corporate Social Responsibility, Forensic Accounting, Business Ethics
1 Mar 2017
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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. Both government and the not-for-profit sector have had their challenges. Canada"s federal government and a number of provincial governments recently have faced questions surrounding their ethical behaviour. Ethics in a reflection of the moral principles or beliefs about what an individual views as being right or wrong. In many ways, ethics can be thought of as an invisible hand that guides us as we make decisions. Each of us has a different interpretation of what is acceptable or non-acceptable behaviour. This interpretation is influenced by our own personal upbringing as well as societal and other external influences. With respect to business decision making in general, the formation of our ethical interpretation and, therefore, the invisible hand that guides us comes from four fundamental sources. These sources are individual, societal, professional, and business culture influences.
