02 Jul Aspen The IMA Statement of Ethical Professional Practice
Question Description
Some exercises come with a “Working Template” for organizing the material. Please see these as an option for how to set up your assignments. You are not required to organize your assignments this way.
Exercises:
P1-27A, page 39: ERP cost-benefit analysis
E2-21A, page 86: Classify and calculate a manufacturer’s costs
E2-25A, page 88: Compute direct materials used and cost of goods manufactured
E2-31B, page 90: Classify costs along the value chain for a manufacturer
Essay Question/Considering Ethics:
1. Review the IMA Statement of Ethical Professional Practice. Does business interaction in the global market conflict with these ethical standards? Consider outsourcing, sustainability, and social responsibility. Is it possible to remain competitive in a global market and remain true to these ethical standards? Please formulate a 500 word minimum essay exploring this issue. Research and site the business practices of at least two companies that function on at least two continents.
Memorization Exercise:
1. Making a song out of terms that are otherwise unassociated and boring is one proven way to remember vocabulary. Write a song incorporating at least ten terms from Module One. It can be as long or as short as you want. Make sure that it ties the terms you use together and addresses how they relate to each other. Set it to the melody of a nursery rhyme or a song that you enjoy. You do not have to perform this and it does not have to be good. Submit the song that you wrote as your assignment and try singing it to yourself during the day.
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