Stewardship of Company Assets: Ethical Issues and Problems

The video tutorial emphasizes the importance of effectively using and protecting company assets, which include tangible and intangible items, funds, and records. It highlights the responsibility of employees to care for these assets, as misuse can lead to increased costs and reduced profitability. The tutorial also outlines ethical principles for asset management, stressing that company assets are not for personal use and must be protected from theft, loss, or abuse.

Why is it important for employees to take care of company assets?

• To increase personal wealth

• To ensure company profitability and stability

• To reduce workload

• To gain promotions

Which of the following is NOT considered a type of company asset?

• Personal belongings

• Financial records

• Intangible property

• Physical property

What is included in the category of intangible company assets?

• Office furniture

• Cash reserves

• Intellectual property

• Company vehicles

What is a fundamental ethical principle regarding the use of company assets?

• They are not important for company success

• They can be used for personal benefit

• They belong to the employees

• They should be protected from misuse

What could be a consequence of misusing company assets?

• Improved employee morale

• More company assets

• Disciplinary action

• Increased profitability