Monday, October 3, 2016

Week One EOC; Quiz Answers

Answers:
a. Is it legal?
No, Laurie using the sampling hot dogs for a back yard barbecue would be not legal because she is stealing company property for her own personal use. You must also consider whether or not it is permissible within the guidelines established by the company for which you work (Managerial Accounting for the Hospitality Industry 19).

b. Does it hurt anyone?
Yes, using the hot dogs given to her by the vendor for her own use in a backyard barbque is hurting the company. These are not her property to use and need to be used for the business, not managers use. "Discounts, rebates, and free products are the property of the business, not the manager" (Managerial Accounting for the Hopsitality Industry 19).

c. Am I being honest?
 Laurie is being extremely dishonest. If her actions were to be uncovered she could potentially be seen as dishonest and potentially diminish her reputation. Using the hot dogs for her barbecue instead of her business usage would affect her integrity as a professional.

d. Would I care if it happened to me?
Yes, I would most definitely care if an employee of mine was using business property for her own use. This would refelct poorly on the company and would promote the other employees of the company to take similar actions which would be illegal. "Your general manager would see it, other employees would see it, all of the other purveyors that you are going to do business with would see it, and even potential future employers would see it" (Managerial Accounting for the hispitality Industry 19).

e. Would I publicize my action?
No, If Laurie would be to publicize her actions she would be putting her job at risk. This would not be something she would tell her boss so it is extremely unethical.

f. What should be done with the two cases of hot dogs?
The two cases of hot dogs should be used by the business, not Laurie's personal use.

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