Podcast
Questions and Answers
What is the underlying message of the Lehman Brothers case according to the text?
What is the underlying message of the Lehman Brothers case according to the text?
- Transparency and accountability are crucial in the business world. (correct)
- Financial crises like the one in 2008 are unavoidable.
- Deceiving shareholders is a common practice in the finance industry.
- Ethical behavior is not important for corporations to succeed.
How did the accountants who chose not to act impact the industry, according to the text?
How did the accountants who chose not to act impact the industry, according to the text?
- Let down the entire industry and professionals within it. (correct)
- Led to the success of their company.
- Set a positive example for other professionals.
- Disappointed the company's shareholders.
What led to the demise of Lehman Brothers, as discussed in the text?
What led to the demise of Lehman Brothers, as discussed in the text?
- Conscious decisions to deceive and manipulate by executives. (correct)
- Lack of skilled employees in the company.
- Excessive transparency and accountability.
- Unavoidable external economic factors.
Why does the text suggest that ethics education is important for corporations?
Why does the text suggest that ethics education is important for corporations?
What lesson can be learned from the Lehman Brothers case, as highlighted in the text?
What lesson can be learned from the Lehman Brothers case, as highlighted in the text?
What is suggested as a key improvement for corporations based on the Lehman Brothers case?
What is suggested as a key improvement for corporations based on the Lehman Brothers case?
What is the primary reason for businesses to maintain a code of conduct?
What is the primary reason for businesses to maintain a code of conduct?
What type of problems can business ethics examine?
What type of problems can business ethics examine?
Can business ethics be enforced by law or by force?
Can business ethics be enforced by law or by force?
What is the role of an organization's internal business environment in ensuring ethical norms are followed?
What is the role of an organization's internal business environment in ensuring ethical norms are followed?
What is the primary purpose of embedding ethics in an organization's culture?
What is the primary purpose of embedding ethics in an organization's culture?
What is the relationship between good relations and earning profits for a business?
What is the relationship between good relations and earning profits for a business?
Which of the following is NOT a specialization of Ms.Paramita Dhar?
Which of the following is NOT a specialization of Ms.Paramita Dhar?
What is the ISBN number of the book?
What is the ISBN number of the book?
What is the address of the publisher?
What is the address of the publisher?
Who is the author of the book?
Who is the author of the book?
Who reviewed the book?
Who reviewed the book?
Which of the following is NOT a chapter in the book?
Which of the following is NOT a chapter in the book?
What is the relationship between integrity and honesty?
What is the relationship between integrity and honesty?
Why is trust essential for a business to sustain?
Why is trust essential for a business to sustain?
What is the difference between fairness and ethics?
What is the difference between fairness and ethics?
How can fairness be imbibed in an organization?
How can fairness be imbibed in an organization?
What happens if a business does not maintain mutual trust among its stakeholders?
What happens if a business does not maintain mutual trust among its stakeholders?
Why do stakeholders prefer to deal with organizations that fulfill promises?
Why do stakeholders prefer to deal with organizations that fulfill promises?
What was the purpose of using Repo 105 by Lehman Brothers?
What was the purpose of using Repo 105 by Lehman Brothers?
How long was Repo 105 used by Lehman Brothers?
How long was Repo 105 used by Lehman Brothers?
What was the result of the Lehman Brothers' executive team's inability to manage the issue?
What was the result of the Lehman Brothers' executive team's inability to manage the issue?
What would have been a better course of action for Lehman Brothers?
What would have been a better course of action for Lehman Brothers?
What was the purpose of creating a phantom subsidiary by Lehman Brothers?
What was the purpose of creating a phantom subsidiary by Lehman Brothers?
How was Repo 105 used by Lehman Brothers?
How was Repo 105 used by Lehman Brothers?
