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Ethical Dilemmas and Friendship

   

Added on  2020-03-23

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Name: Student Number: Resident Campus: Assessment Title:Lecturer Name:Submitted On:Sources:
Ethical Dilemmas and Friendship_1

Question 1: Who is the stake holder in this situation?Answer 1: Vicky and Beck are two friends studying in a university having accounting as theirmajor subject. Some uncertainties occurred at Vicky’s family due to which she has to left for herhome, leaving behind a bill of $100 with beck, so that in her absence beck could buy theprescribed accounting book for her. The cost of book is $80 for which she has left $100 so thatbeck does not face any difficulty in buying the book and on her return he will give back her $20& her new book. Beck when visited the shop, it came to his notice that most of the students hasreturned the new books to the book shop as they have got the second hand copies. The price ofthe returned books has been fallen to $65 and they don’t appear to be the returned copies. Beckmade a calculation that if he buys they returned copy for Vicky, she will not be able to knowabout the returned copy and beck will earn $15 dollars from all this. Now if we talk about who isthe actual stake holder in this situation then it is Vicky as Vicky has entrusted beck for thebuying of the text and with her money. Beck in this situation has the responsibility of Vicky’smoney and her trust, which he fails to maintain as maybe Vicky will never come to know aboutthat she was given a returned book for $80 but the moral ethics of beck here shows that he cancheat any one just for few dollars[ CITATION Cur15 \l 1033 ]. The definition of stakeholder is asfollow: A person who has an interest in something and who is impacted by and cares about howit turns out[ CITATION You15 \l 1033 ]. In this situation what happened is beck didn’t cared aboutmoral ethics that he should have cared about his friendship. Beck didn’t even bothered to tellabout it to Vicky; maybe if he had confessed about it to Vicky, there are chances that sheshouldn’t have said anything to him. Here in this situation Vicky expected that she will, at thetime of reaching back to the university will receive a new book from her friend beck, but shedidn’t knew that beck will compromise his ethics just for a little gain of $15. Being thestakeholder in this situation Vicky’s entrusted her money with beck and she was expecting abetter outcome of it, now if ever she comes to know about it from somewhere, she will neveragain trust beck for even a single penny[ CITATION Ado12 \l 1033 ]. Beck should confess about it,to Vicky as it is just a matter $15 and she will happily forgive him for now, but if he won’tconfess then he will invite future problems for himself[ CITATION Chr14 \l 1033 ].Question 2: Outline the ethical issues involved?Answer 2: As explained in the above question, Beck and Vicky are two friends that are studyingin a university and both having accounting as their major subject. In this question we will discussabout the ethical issues that are involved in this situation of beck and Vicky. Ethical issues meanthe conflict between choosing the right and wrong. Here beck was the one who had to choosebetween right and wrong and he fell for wrong just for $15. The definition of ethical issue is asfollow: An ethical issue brings systems of morality and principles into conflict. Unlike most
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