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You are Betty. Based on the scenario above you should:
a. Explain to the bank exactly what is occurring at EZ.
b. Say nothing and continue the status quo.
c. Talk to Ryan and explain your concerns.
d. Give hints to the bank about EZ’s situation.
e. Attempt to cover up the problems and stall the bank’s auditors.
In Week 7, work with your team, compose a 2-3 page team paper based on each of your individual answers describing what, ethically speaking, you would do if faced with this scenario.
Submit only one team paper to the Week 7 Assignments Dropbox located on the silver tab at the top of this page. For instructions on how to use the Dropbox, read theseStep-by-Step Instructions or watch thisDropbox Tutorial.
See Syllabus/”Due Dates for Assignments & Exams” for due date information.
Demonstrate a strong grasp of the problem at hand. Demonstrate understanding of how the course concepts apply to the problem.
Apply original thought to solving the business problem. Apply concepts from the course material correctly toward solving the business problem.
Write your answer clearly and succinctly using strong organization and proper grammar. Use citations correctly.
A quality paper will meet or exceed all of the above requirements.
BUSN412 – Week 7 You Decide Transcript
Betty King is the new controller at EZdot.com. The previous controller was fired for “incompetence.” Ezdot.com has some severe cash-flow problems that have become exacerbated by the recent acquisition of another firm. The financials of both EZ and the other firm are as clear. The new company has 450 employees that have a “can do” attitude. EZ’s bank is seriously concerned about the company’s viability. Betty discovers that her new boss, Ryan Roberts, who is EZ’s president and major shareholder, is holding a substantial amount of checks from customers in his desk without telling her. Ryan also plays with the firm’s float on a daily basis. (Float is the money that is used on a day-to-day basis for operations.) It’s close to tax time. The bank wants to know what is occurring and has a meeting with Betty today.
You are Betty King. Based on the scenario, you should:
1. Explain to the bank exactly what is occurring at EZ.
2. Say nothing and continue the status quo.
3. Talk to Ryan and explain your concerns.
4. Give hints to the bank about EZ’s situation.
5. Attempt to cover up the problems and stall the bank’s auditors.
Key Players Key Players
Text for Audio Recording
Ryan Roberts President
Yes, I am holding a substantial amount of checks from customers in my desk, but what’s the problem with this? I’m the president and a major shareholder, so I don’t think this should be a big concern for you.
John Smith Banker
It seems as though someone at EZ is playing with the firm’s float on a daily basis. This is the money that is used on a day-to-day basis for operations. We have some concerns here at the bank and want to get to the bottom of this at our meeting today.
Write a 2-3 page paper describing what, ethically speaking; you would do if faced with this scenario.