COMM 103 Chapter Notes - Chapter 5: Corporate Social Responsibility, Ponzi Scheme, Kaustinen

• School: Queen's University
• Department: Commerce
• Course: COMM 103
• Professor: Gary Bissonette

Document Summary

Ponzi scheme: a type of investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. 4 components of ethical interpretation: individual, societal, professional, business culture. Is the most important skill you can bring to your workplace. Whistleblowing: the process through which an individual informs someone in authority of a dishonest act or the dishonest behavior of another person. Code of conduct: a statement that describes the required responsibilities, actions, and rules of behavior of an organization"s employees. Zones of decision making: green zone: accepted business decision-making principles which govern organizational activities, grey zone: unclear decision-making principles which could result in questionable business practices, red zone: clearly recognized unethical behavior. Is the integration of accounting, auditing and investigative skills: forensic accounts are specialists in looking beyond the numbers in order to interpret what exactly is happening within an organization.