Budgetary Planning

I need an explanation for this Accounting question to help me study.

Discussion Topic 1: Ethics

Read Ethics Case CT9.5 and address the following questions:

  1. Please define the word “ethics” and summarize what issues/ramifications might apply to this example.
  2. What are the consequences of telling the president of your gross miscalculation, both ethical and unethical?
  3. What are the consequences of not telling the president of your gross miscalculations, both ethical and unethical?

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