Michael is the payroll accountant for a non-profit. In his personal life, he is also a...
Michael is the payroll accountant for a non-profit. In his personal life, he is also a single father of three young children. On the day that payroll is supposed to be issued, his children are sick and he is unavailable to be at work. The employees' paychecks cannot be issued without his presence. Which ethical principle most closely governs this situation?
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Responsibilities |
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Objectivity and Independence |
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Integrity |
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Public Interest |
Homework Answers
The ethical principle most closely governs in this situation is Option 3. i.e. Public Interest.
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3. Insurance
a) Michael says, “I and Mary are in good health and fairly
young, we don’t think we need any life
insurance.” Evaluate the above statement considering his
family’s situation.
b) Calculate how much life insurance you suggest Michael should
buy.
c) Identify one policy (How long, how much, type) and the
company (Eg, Geico, State Farm, MetLife)
that Michael should buy life insurance from.
Michael and Mary Gordon Family Michael and Mary Gordon are developing a financial plan...
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