Tabitha Andes was just hired as the assistant treasurer of Southside Stores, a specialty chain store

company that has nine retail stores concentrated in one metropolitan area. Among other things,

the payment of all invoices is centralized in one of the departments Tabitha will manage. Her

primary responsibility is to maintain the company's high credit rating by paying all bills when

due and to take advantage of all cash discounts.

Pete Wilson, the former assistant treasurer who has been promoted to treasurer, is training

Tabitha in her new duties. He instructs Tabitha that she is to continue the practice of preparing

all checks "net of discount" and dating the checks the last day of the discount period. "But," Pete

continues, "we always hold the checks at least 4 days beyond the discount period before mailing

them. That way we get another 4 days of interest on our money. Most of our creditors need our

business and don't complain. And, if they scream about our missing the discount period, we

blame it on the mailroom or the post office. We've only lost one discount out of every hundred

we take that way. I think everybody does it. By the way, welcome to our team!"

Instructions:

Write a paper (Introduction, Body & Conclusion) to address the following;

(a)What are the ethical considerations in this case?

(b)What stakeholders are harmed or benefited?

(c)Should Tabitha continue the practice started by Pete?