ACTG 2010 Lecture Notes - Lecture 5: Tylenol (Brand), Ibuprofen

• School: York University
• Department: Accounting
• Course: ACTG 2010
• Professor: Douglas Kong

Document Summary

I believe that generating profit for you business is crucial, but if you are just selfishly helping yourself in the society eating every piece of the pie society gives the society it self will break down. We need to give an fair opportunity to both stakeholder and shareholder as without one another a business is just firm trying to promote people to sell its good or service. Surely business focus more on profit and not the society itself which is there a increase of poverty, as people owning a business like ceo tend to be the rich people in our society. A business should give both supports on organizations outside like charities and it should also increase productivity in its organization. I believe ethically that johnson & johnson made the right decision as removing all products that may be contaminated off their shelves and replacing them with non-tampered products to it"s customers.