08 Oct Integrity, Objectivity, and Ethics in Business
Principles of Accounting 1
Integrity, Objectivity, and Ethics in Business
The Case of the Fraudulent Price Tags
One of the challenges for a retailer is policing its sales return policy. There are many ways in which customers can unethically or illegally abuse such policies. In one case, a couple was accused of attaching Marshalls’ store price tags to cheaper merchandise bought or obtained elsewhere. The couple then returned the cheaper goods and received the substantially higher refund amount. Company security officials discovered the fraud and had the couple arrested after they had allegedly bilked the company for more than $1 million.
What are some ways store can protect against these situations?
If you owned a store, what are some steps you would take?
DQ2 Step three: Presenting your information
Present the information you found about your business. You can use PowerPoint or write a paper.
PowerPoint: Just remember when using PowerPoint, the 6X6 rule…no more than 6 words per line, no more than 6 lines per slide. It should be an outline, not complete sentences. Don’t forget your APA citations in text and listed at the end!
Paper: Don’t forget a title page and page numbers. Your paper should be set up using APA formatting.
Once you have all of your information into one of the above formats, post it here for peer critiques!
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