Question
Using the IMA's four principles of ethical conduct, evaluate Tim's behavior. Has Tim acted in an ethical manner? Why or why not (be specific)? Is
Using the IMA's four principles of ethical conduct, evaluate Tim's behavior. Has Tim acted in an ethical manner? Why or why not (be specific)?
Is this answer correct below if so why?
Class,
IMA's four principles of ethical conduct include honesty, fairness, objectivity, and responsibility. These are all qualities that people in every field of work must have in order to ensure that themselves and their coworkers are held to a standard allowing the company to thrive. While there is a difference between not knowing what price to put on a purchase invoice for lumber and blatantly putting the wrong invoice so you spend less, it does not take much to reach that point. A person must hold themselves to the same standard that they hold every one else.
In Tim's case, he is buying wood to replace the old wood on his deck and is filling out a purchase invoice from his work. Tim used the lowest price of lumber for his invoice. Although Tim followed his companies policy and was approved for the use of the lumber, the way he filled out the invoice was incorrect. Instead of using the lowest price over the year, Tim should have either used the current price of lumber or averaged out the entire year. Tim was not being honest when determining what price he should have used. It is not only his responsibility, but his immediate manager's responsibility to hold Tim accountable for his actions. I would not see this as a huge ethical violation, it does not take much to continue down this path and do something that is really bad.
No one likes spending money, but just because you have the opportunity to pay less, does not mean you should and Tim should have known that. This is a simple fix there should be no severe repercussions to Tim's action in my opinion.
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