This document provides an assignment for a physiology homework that explores ethics in business. It contains 6 questions related to defining ethics, analyzing cases of insider trading, Enron's collapse, WorldCom's accounting practices, company codes of conduct, and ethical issues during the housing crisis. The goal is for students to develop an understanding of ethics in business through answering the questions and class discussion.

1. Assignment | Physiology homework help
Assignment Objective–The goal is to provide an assignment that will allow the student and
instructor to explore various situations in the business environment related to ethics.
Through answering the assigned questions along with discussion in class, the student
should develop a good understanding of the role of ethics in the business
environment.Assignment: Provide typed answers to the following questions and be
prepared to discuss in class.1. Define ethics–Include the reference for your definition.2. (a)
What is insider trading? (b) In your opinion, is it ethical? explain (c) Is it legal? explain3. (a)
What caused Enron’s collapse? (b) Did management act in an ethical manner? (c) Were
there any potential(or real) ethical issues related to Arthur Andersen’s roleas Enron’s
auditor and another part of Andersen providing Information Technology Consulting?4. (a)
What accounting practice/standard/rule was not followed at WorldCom? (b) An employee
in the accounting organization warned management of the implications/dangers of not
following appropriate accounting standards. He was fired. Was it ethical, in your opinion, to
fire the employee? Explain your thoughts/answer.5. Some companies have “Codes or
Standards of Conduct” which are published andemployees are expected to abide by the
standards in conducting company business.The objective is to protect both the company
and the individual. A private phonenumber along with a promise of anonymity is provided.
Employees are given theopportunity to call the number if they feel they are asked to do
something contrary to the “code” or are convinced someone else might be. (a) Is this private
number anethical procedure on the part of the company? please explain your answer. (b)
Would it be ethical for you to call the number if you were found in a situationthat warranted
a call? What if it were your boss that you were concerned about—how would you handle
the situation??6. During the recent financial crisis related to housing/loans/various
financial instruments,it was found that individuals were provided a low, introductory
interest rate that wouldreset at a much higher rate in a future period. (a) Was it ethical to
provide a loan to anindividual when it was unlikely they would be unable to continue
paying after theinterest rate increased? please explain. (b) Was it ethical for an individual to
take the loan if in their mind it was highly likely that they would not be able to pay the
loan when the rate increased? please explain.