BUSINESS ETHICS HOMEWORK !1

Business Ethics Homework

Various values and standards guide the manner in which people lead their lives and

Don't use plagiarized sources. Get Your Custom Essay on
BUSINESS ETHICS HOMEWORK !1
From $10/Page
Order Essay

interact with others in the society. These rules of life are bound to evolve and change over time

as a person continues to gain more knowledge and many experiences in life, which helps change

the way in which they perceive the reality of the world around them. The life of human beings is

based on ethics, which makes him or her a rational being since their actions are justified through

the evaluation, comparison, and judgment of the situations, which is the used to justify the course

of action that is adopted by an individual (Pfeiffer & Forsberg, 2012). Thus, one must be guided

by the values and principles which are needed to make effective decisions within the

organization and for their personal improvement. Making the wrong decision could affect the

future progress of the firm and the people who depend on the organization. The RESOLVED

method provides a way of analyzing and understanding various ethical issues in business and

identifies the best approaches to resolving these issues.

RESOLVEDD Method in the Decision Making Process

R- Reviewing the Facts of the Case

History

The family practice business owned by Dr. Smith had been in operation for the past few

years. Saul, his younger brother, owned an accounting firm before he sold it to come and work

with Dr. Smith in the family practice business at his hometown of Zoar, Ohio. His role at the

business was to help his brother monitor any accounting errors and details while dealing with the

patient records.

Background

BUSINESS ETHICS HOMEWORK !3

While going through and sorting the patient records and business paperwork, Saul

noticed that there were errors in charging for Medicaid at the family practice business to the

patients. The Medicaid program is aimed at assisting the low-income households to access

quality health care services, without requiring them to make payments using cash or checks. Saul

notices that the Medicaid charges have been increasing over the years while the patients

continued to make cash payments for the services they received (Pfeiffer & Forsberg, 2012).

E-Estimate the Conflict

Dr. Smith has helped the people in his hometown to access medical care, which has

gained him a positive reputation in the community. However, after the evaluation of the

paperwork and patient records, Saul Discovers that more the $75,000 has been charged through

Medicaid, even though the patients had made cash payments for the services they received.

These charges are applied to all individuals regardless of their income level. This causes Saul to

confront Dr. Smith seeking clarification on how these errors had occurred.

S- Possible Solutions

In handling the situation, Saul should talk to Dr. Smith to convince him on the need to

report the case to Medicaid. This would help them avoid the possible challenges that may arise

when these fraudulent actions are discovered, among them being sent to jail for the two of them.

In case Dr. Smith does not accept the proposed solution, he should make a move to report

the incident to Medicaid, as this would help them to avoid being involved in cases of fraud. Even

though this may compromise the situation of his brother, it would ensure that the necessary

actions are taken to protect the people and improve the quality of medical care to the people in

the town (Carroll, & Buchholtz, 2014).

BUSINESS ETHICS HOMEWORK !4

The other alternative solution would be for Saul to avoid reporting the incident and

assume that he had not discovered the errors in the patient records all along. Even though this

may accrue as malpractice in his profession, it would save his brother’s service and enable him to

avoid losing his job (Lashley, 2016). However, if such an act is discovered, more consequences

may accrue such as the closure of the family practice business and termination of his license.

O – Important and Likely Outcomes

By reporting the incident, the hospital may be closed due to misappropriation of medical

funds and exploitation of the patients. Reporting the case may offer the doctor a chance to make

the necessary payments to ensure that the money he had fraudulently acquired is paid pack to

Medicaid. In addition, Saul is bound to lose his job and license once the incident is discovered, if

h opts not to report it (Carroll, & Buchholtz, 2014).

L –Likely Impact of the Solution

The malpractice may lead to the closure of the family care business, which could affect

the people of the town, who depend on it for their healthcare needs (Pfeiffer & Forsberg, 2012).

In addition, Dr. Smith may be jailed for his actions in as much as the accountant; Saul is likely to

have his license canceled and risk a jail term for the accounting malpractices. If the case is not

reported, and the patients continue being charged the same way, Medicaid could continue losing

more money.

V – Values Upheld by Each Solution

Reporting the case portrays the honesty, reliability and acting responsibly by the doctor

and the accountant, who may have been unaware of the errors that were taking place, as they had

not looked into the details of the patient records. Saul portrays values of accountability,

BUSINESS ETHICS HOMEWORK !5

responsibility, and competence by identifying these errors and reporting them to the relevant

authorities for actions to be taken. However, failing to report indicates irresponsibility, lack of

professionalism, and dishonesty as the customers may continue to be exploited by these actions

(Pfeiffer & Forsberg, 2012).

E- Evaluating the Solutions

By reporting the incident, the personal gains are set aside for the betterment of the people

in the society and the institution. The accountant may lose his job at the firm if it is closed down

for the misappropriation of funds upon reporting the case.

Failing to report the incident will protect personal interests as the individuals will keep

their jobs by covering up the accounting mistakes. However, the firm stands to lose everything is

such malpractices are discovered and lead to a jail term for both Dr. Smith and Saul, who is

responsible for the firm’s accounting procedures (Ferrell & Fraedrich, 2015).

D- Decision on the Best Solution

The best solution would be the first one where Saul informs and advises Dr. Smith to

report the accounting mistakes to the relevant authorities. This way, the authorities will be aware

of the mistakes during their pursuit of justice, and it will enable Saul and Dr. Smith to defend the

situation as being a mistake since they had not looked into the details of the firm’s paperwork.

This could save the future of the firm, as they can be able to make the necessary payments and

resume business without risking a jail term or losing their licenses. In addition, they will not have

to live and work with fear of being discovered at any moment during their exercise at the firm

(Lashley, 2016).

D –Defending the Decision

BUSINESS ETHICS HOMEWORK !6

The weakness in this solution is that the firm may be able to manipulate the information

so that it works to its advantage, citing the lack of focus on details by the doctor before he was

able to acquire the assistance from Saul, a qualified accountant. Saul and the doctor may act

unethically to save the firm when reporting the cases (Ferrell & Fraedrich, 2015). However,

reporting the incidence outweighs the effects of continuing the malpractice, where unethical

conduct may continue if the case is not disclosed. The willingness to report the case portrays the

honesty, responsibility, and commitment to their clients, who need to be served with

effectiveness.

BUSINESS ETHICS HOMEWORK !7

References

Carroll, A. B., & Buchholtz, A. K. (2014). Business and society: Ethics, sustainability, and

stakeholder management. Nelson Education.

Ferrell, O. C., & Fraedrich, J. (2015). Business ethics: Ethical decision-making & cases. Nelson

Education.

Lashley, C. (2016). Business ethics and sustainability. Research in Hospitality

Management, 6(1).

Pfeiffer, R. S., & Forsberg, R. P. (2012). Ethics on the job: Cases and strategies. Cengage

Learning.

To continue with the answer check on mycoursewriter.com/

MyCourseWriter
Order NOW For A 35% Discount!
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Homework Writing

Do you need to ace your test? We have qualified writers to assist you in writing 100% quality homework writing. Mycoursewriter offers students unique and personalized custom papers that help them in getting good grades. Our academic experts will assist you with your dissertation papers, thesis writing, research papers, term papers, and case study homework help. Our writers are experienced and have perfected the art of crafting the best essay writing papers regardless of your academic level. Order now and get our superb homework writing services.

Expert Academic Writers

A student needs professional assistance outside class time. Before hiring our writers, they undergo thorough tests and strict educational backgrounds. After passing a test, our writers undergo training to ensure they deliver expert professional papers to our customers. We ensure they meet the timely delivery of papers and follow our customers' provided instructions. Every writer is an ENL writer and is from the USA, Canada, UK, or Australia. Our experts approach papers effectively depending on their area of specialization.

Affordable Price Guarantees

Is the deal too good to be true? Mycoursewriter is the most affordable assignment help website on the market. We consider students' daily needs for academic help. Our paper costs are reasonably priced to approximately 90% of students around the globe. Our main aim is to ensure students achieve academic excellence, and we believe inconsiderable prices should not hinder students from getting quality homework writing help. In case of any dissatisfaction, we offer unlimited revisions and rewrites without extra charges.

Timely delivery of papers

Tight deadline? Is your paper due in the next few hours? Worry no more. Our writers are here for your rescue. Many college students find it hard to balance their social and academic life and get caught up with academic deadlines. Drafting your paper at the last minute does not allow you to conduct extensive research and craft the correct answers. We have expert writers ready to work on your assignment writing. Urgent writing services are the ultimate solutions you need. We guarantee you timely delivery of papers at your convenience and specified time delivery of the customer.

100% Original Tasks

The ultimate deal-breaker in achieving good grades is submitting imitative papers. Plagiarism is a breach of examination standards and has serious consequences. Students need to deliver papers written in their understanding by paraphrasing their research findings and relevant citations. Our expert's primary consideration is providing free plagiarized papers that meet the lecturers' requirements. Our editors will proofread your paper before delivery ad ensure your papers will not be substandard. We guarantee extreme originality, and in case of any customer concerns, we offer a plagiarism report.

All Round the clock Customer Support

Our website is user-friendly and super useful! Mycoursewriter is the most trusted online writing website always available to provide you with assignment writing services that you need. Our primary concern is meeting customer need specifications by our friendly customer support team that Is available all the time. Our website usability is self-learnable but in case of any problem, feel free to contact us directly through our website email: support@mycourserwiter.com. We have diligently satisfied thousands of students, and you can witness this on our sites' review page.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Advantages of Using Our Assignment writing Services

Mycoursewriter welcomes you for superb essay writing services. We are a legit site offering help with your most challenging homework writing assignments at affordable prices. Your essay paper will be assigned to a professional writer who will craft the paper from scratch according to your provided instructions.

Essays

Essay Writing and Proofreading Services

Essay writing is a common assignment writing for most college students. It takes a lot of time to craft a complete perfect essay. Mycourserwiter offers the best essay writing and proofreading services for most college students. Your paper is assigned to an expert writer who does thorough research on fresh ideas and personalizes your essay paper according to your assignment writing guidelines. Our essays are entirely exceptional and undergo a strict procedure that includes papers free from plagiarism and thorough proofreading.

Admissions

Admission and Business Papers

Writing an admission paper is not every student's desire, and this should not hinder any student from earning an admission. Writing a perfect personal statement to earn a position in a dream school or job can be stressful. Personal statements should display a high level of confidence and uniqueness. Admission essays require you to have a vast knowledge of the current happenings in the world and knowhow of the business world. We have qualified writers with skills who will write your admission paper through comprehensive research. All you have to do is provide us with little details about yourself, instructions and our writers will craft a perfect paper for you.

Editing

Editing and Proofreading

Mycoursewriter offers you assignment writing services free from grammatical and formatting mistakes. An error-free paper is significant in scoring the desired maximum grades. We have a team of editors who will go through your paper after our expert writers have delivered their fully crafted papers. Our writers will cover all the aspects of your paper instructions, such as fonts, spacing, and educational formats. Our team of editors will check through your paper to make sure it meets the formatting style provided in the paper instructions. Under no circumstances will a poorly formatted paper will be forwarded to you as our team of editors will ensure careful proofreading.

Coursework

Technical Papers

Assignment writing is part of a learning process, and one may not have the knowledge to answer all questions correctly. This should not be a stress to you as we have qualified essay writing experts to help you. Our qualified writers are holders of PhDs, Degrees, and Masters in different areas of study and can handle any papers regardless of the complexity. Multiple assignments may be challenging to finish on time. Our skilled professional writers are here to assist you in crafting all the correct answers for your assignment. Stop stressing about your homework writing and place an order with us, and our expert writers will provide you with the best assignment help.