Question Details

Who are the stakeholders in the decision not to prosecute



S-A E 1 (Ethics)
A trusted employee of Wilderness Tours was caught in the act of embezzling funds. He
confessed to earlier embezzlements, but retracted the confession on the advice of his attorney.
Over the course of the most recent quarter, it has been determined that $20,000 was embezzled.
Wilderness Tours has suffered adverse publicity in the recent past because of serious injury to
five tourists that occurred during a two week "Winter Wilds Adventure" tour. The company has
therefore decided to avoid publicity and has agreed to drop all charges against the embezzling
employee. In return, the employee has agreed to a notation of "Terminated—Not to be Rehired"
to be appended to his personnel file.
Required:
1. Who are the stakeholders in the decision not to prosecute?
2. Was it ethical for the company to decide not to prosecute? Explain.
S-A E 2 (Communication)
Fast Express specializes in the transportation of medical equipment and laboratory specimens
overnight. The company has selected the following information from its most recent annual report
to be the subject of an immediate press release.
•Ã¯â‚¬Â The financial statements are being released.
•Ã¯â‚¬Â Net income this year was $2.1 million. Last year's net income had been $1.8 million.
•Ã¯â‚¬Â The current ratio has changed to 2:1 from last year's 1.5:1
•Ã¯â‚¬Â The debt/total assets ratio has changed to 4:5 from last year's 3:5
•Ã¯â‚¬Â The company expanded its truck fleet substantially by purchasing ten new delivery vans.
•Ã¯â‚¬Â The company already had twelve delivery vans. The company is now the largest medical
courier in the mid-Atlantic region.
Required:
Prepare a brief press release incorporating the information above. Include all information. Think
carefully which information (if any) is good news for the company, and which (if any) is bad news.



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