ACC 375 Week 3 DQs

May 8th, 2015
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ACC 375 Week 3 DQs

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ACC 375 Week 3 DQsDQ1: Review the case study Just Because its Legal, Is it Ethical in Perspectives in Business Ethics. How might bankruptcy law provide an outlet for unethical behavior?The bankruptcy law is set-up to help individuals and businesses that are in financial trouble. When it comes to businesses using Chapter 7, which is liquidating all of its assets and closing its doors, the creditors are the main losers. The amounts of the assets are divided between the creditors by the courts. Chapters 11 allow for a business to temporarily stop payments to creditors and try to re-work the business to try to recover from its financial problems and eventually pay off its creditors.So between these two types of bankruptcy a business is the one that can harm the public and creditors more. Ethics play a part in the decision of bankruptcy.The owner of the company may have the ability

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