Seth Binghampton has worked as an engineer at Biztekno Solutions for the last 25 years....
90.2K
Verified Solution
Question
Accounting
Seth Binghampton has worked as an engineer at Biztekno Solutions for the last 25 years. The companys corporate headquarters and sole manufacturing center are in the lovely, but remote, town of Blue Ridge. Blue Ridge has a population of about 45,000 people and two principal employers: Blue Ridge State University (BRSU) and Biztekno Solutions. Seth and his wife June have raised three children there, and love the towns quaint good looks.
June works at Biztekno in the accounting department. Unfortunately, recent news out of accounting has not been favorable. The companys revenues have been down for several years now, and the company has a lot of debt. The possibility of bankruptcy is real enough that June told Seth its really dicey now we have about a 50-50 chance of going out of business in the next year or two. Seth noted that Bizteknos stock was performing fairly well and June replied the media dont know about our problems yet, but in the next few months its going to be obvious.
Seth has recently served on his departments hiring committee in an effort to recruit an engineer to supervise the development of the companys new 3-D printing technology. The success of technology is critical to the companys plans for the future, and an excellent person is essential. Last year the company hired for this position as well, but the person they got didnt work out well for the company and was transferred to a less demanding job. As hiring committee chair, Verne Barnes, said to Seth weve got to get someone good soon or were in trouble. Unfortunately, getting somebody good has been very difficult as engineers with the right skills are in great demand and most of them work in Capitol City nearly 250 miles from Blue Ridge.
After sifting through many resumes, the hiring committee identified two candidates. One of the candidates is quite weak, but is clearly willing to take the job. Easily the best of the candidates is Jim Tucker. Mr. Tucker has 5 years of experience. Recommendations from senior colleagues at his previous job suggest hes much more capable than any of the other candidates the committee has considered. Seth and the rest of the hiring committee are excited by the possibility of Jim working for Biztekno so much so that theyve gotten approval to make a generous salary offer. On the phone, Jim told Seth that he had other offers in Capitol City but none were quite as good as the money at Biztekno Solutions. Jim is concerned about moving his family, though. He has two children in school in Capitol City and moving would disrupt their lives. Moreover, his wife works and would have to find a new job.
Seth has realized that if Jim Tucker knew that Biztekno was very likely to go bankrupt he might not be willing to take a job that required moving to Blue Ridge. When Seth mentioned this to Vern Barnes he was told: Its a very serious thing to reveal confidential accounting information to prospective employees. If you want to keep your job here, Id keep quiet on this one.
Should Seth tell Mr. Tucker about the true state of companys finances? Answer using the ethical framework provided in class. Begin by using the utilitarian and rights methods. Although not required, you can then use any other approaches if you wish.
Seth Binghampton has worked as an engineer at Biztekno Solutions for the last 25 years. The companys corporate headquarters and sole manufacturing center are in the lovely, but remote, town of Blue Ridge. Blue Ridge has a population of about 45,000 people and two principal employers: Blue Ridge State University (BRSU) and Biztekno Solutions. Seth and his wife June have raised three children there, and love the towns quaint good looks.
June works at Biztekno in the accounting department. Unfortunately, recent news out of accounting has not been favorable. The companys revenues have been down for several years now, and the company has a lot of debt. The possibility of bankruptcy is real enough that June told Seth its really dicey now we have about a 50-50 chance of going out of business in the next year or two. Seth noted that Bizteknos stock was performing fairly well and June replied the media dont know about our problems yet, but in the next few months its going to be obvious.
Seth has recently served on his departments hiring committee in an effort to recruit an engineer to supervise the development of the companys new 3-D printing technology. The success of technology is critical to the companys plans for the future, and an excellent person is essential. Last year the company hired for this position as well, but the person they got didnt work out well for the company and was transferred to a less demanding job. As hiring committee chair, Verne Barnes, said to Seth weve got to get someone good soon or were in trouble. Unfortunately, getting somebody good has been very difficult as engineers with the right skills are in great demand and most of them work in Capitol City nearly 250 miles from Blue Ridge.
After sifting through many resumes, the hiring committee identified two candidates. One of the candidates is quite weak, but is clearly willing to take the job. Easily the best of the candidates is Jim Tucker. Mr. Tucker has 5 years of experience. Recommendations from senior colleagues at his previous job suggest hes much more capable than any of the other candidates the committee has considered. Seth and the rest of the hiring committee are excited by the possibility of Jim working for Biztekno so much so that theyve gotten approval to make a generous salary offer. On the phone, Jim told Seth that he had other offers in Capitol City but none were quite as good as the money at Biztekno Solutions. Jim is concerned about moving his family, though. He has two children in school in Capitol City and moving would disrupt their lives. Moreover, his wife works and would have to find a new job.
Seth has realized that if Jim Tucker knew that Biztekno was very likely to go bankrupt he might not be willing to take a job that required moving to Blue Ridge. When Seth mentioned this to Vern Barnes he was told: Its a very serious thing to reveal confidential accounting information to prospective employees. If you want to keep your job here, Id keep quiet on this one.
Should Seth tell Mr. Tucker about the true state of companys finances? Answer using the ethical framework provided in class. Begin by using the utilitarian and rights methods. Although not required, you can then use any other approaches if you wish.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.