ACCOUNTING FOR MANAGEMENT DECISION

Running Head: ACCOUNTING FOR MANAGEMENT DECISION
Accounting for management decision
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1ACCOUNTING FOR MANAGEMENT DECISION
Introduction
In context to the situation “where good people do bad things at work” is that the
corporate mistakes are not done by bas people only. In reality this situation arises in business as a
result of selfishness and greediness where good people do bad things. Ethic and morality is two
things that govern an individual. Business ethic is the ethic which is applied to examine the
ethical behavior of individuals. Any business can achieve short term gains or profit by
performing unethically but it will lead to damage to the business. So ethic is an important part of
any business which will help in achieving the goodwill and increase the life of the business in the
market. Ethic help an organization to produce goods and provide service which are safe and
effective while meeting the customer satisfaction.
In business ethical decision are more prioritized than unethical decisions so each person
views their ethical question according to their point of view. Every human has their own unique
value of ethical decision. While ethical decision does not only affect the humans but also affect
the situation around him. Mostly ethical decision is based on two factors which are cost incurred
and the benefit received from that. Both profit and social responsibility is a different aspect and
each cannot be maximized simultaneously as ethical and unethical decision is not clear. Every
human being is personally dependable for the ethical or unethical decision and the action related
to it. People unique moral is responsible for decision making and they must be liable for their
actions too.