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QUESTION 2 NOT WHAT IT SAYS OR WAS SPECIFIED CONTEXT: This assessment investigates the skills and knowledge required to comply with the protection and lawful
QUESTION 2 NOT WHAT IT SAYS OR WAS SPECIFIED CONTEXT: This assessment investigates the skills and knowledge required to comply with the protection and lawful use of intellectual property {IP} and to implement relevant organisational ethics and privacy policies. This case scenario highlights the use of different materials from those specified to a client. Scenario: You work for a solar installation company. You notice that the solar panels being installed are not the same as the rating on the purchase order. You ask your Jforeman if they are the correct panels and he says that ourjob is to just install what we are given. a] What are the moral implications of this situation? You do some google research on the panels and realize that they are far superior to what the customer is actually paying for. b] How does this change, if at all, the moral implications of the situation? c] If the panels were found to be inferior to those purchased would you think the morality of the situation to be different? You tell yourforeman of your findings and he immediately checks on ISoogle and informs his boss of the situation. The boss credits him with a bonus which he splits 50:50 with you. The future panels are as specified. d] Is this situation morally ok with you? Give reasons for your answer. QUESTION 3 - PONZI AND PYRAMID SCHEMES CONTEXT: This assessment investigates the skills and knowledge required to comply with the protection and lawful use of intellectual property (IP) and to implement relevant organisational ethics and privacy policies. Moral infringement can sometimes be punished by large fines and very long prison sentences. This is a true case: Bernie Madoff is a former American stockbroker who orchestrated the biggest Ponzi scheme in history, and also one of the largest accounting scandals. Madoff ran Bernard L. Madoff Investment Securities LLC. After the 2008 financial crisis, it was discovered that Madoff had tricked investors out of over $64.8 billion. Madoff, his accountant, David Friehling, and second in command, Frank DiPascalli, were all convicted of the charges filed against them. The former stockbroker received a prison sentence of 150 years and was also ordered to pay $170 billion in restitution. a) What is a Ponzi scheme, give an example? https://moneysmart.gov.au/investment-warnings/ponzi-schemes b) How did Madoff trick the investors? https://en.wikipedia.org/wiki/Madoff investment scandal c) What is a pyramid sales scheme, give an example? https://en.wikipedia.org/wiki/Pyramid scheme#:":text=In%202003%20%20the%20United%20St ates,internet%20mail%20%20and%20that%20the d) Why are Ponzi and Pyramid sales schemes illegal? e) Is there an argument that people who are fooled by these schemes through their own greed deserve to lose their money? Give reasons for your opinion
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