Two friends Beck and Vicky, had just started university studies. Both intended to major in accounting. During the first weeks of lectures , Vicky who had to go home for family reasons , asked Becks to buy a copy of the prescribed accounting text for her from the university bookshop. She left Becks $100 to cover the cost of the text currently selling in the bookshop for $80. On the day that Becks visited the bookshop to buy the text, he noticed that there were a number of copies that had been returned to the shop by students who had manage to get second -hand copies. These returned copies have been marked down to $65 and looked new. Unable to resist a bargain, Becks bought a copy for $65. Becks realised that Vicky would not know that the text he had bought was a return and had been bought at a special price and that he could give Vicky change of $20 and keep the savings on the text of $15 for himself.

a. Outline the ethical issues involved

b.Discuss what would you do if you were Becks.