Care of Company Assets - Ethical Issues and Problems (Part 1)

The video tutorial explains the importance of company assets, which can be tangible or intangible, and the responsibility of employees to protect them. It highlights the ethical principles involved in asset management, emphasizing that misuse can lead to increased costs and affect the company's profitability. The tutorial categorizes assets into physical property, intangible property, funds, and records, and stresses the moral obligation to care for these assets to ensure a stable and profitable future for the company.

What is the primary reason for employees to protect company assets?

• To increase their personal wealth

• To ensure company profitability and stability

• To avoid doing extra work

• To gain recognition from peers

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

• Personal belongings

• Intangible property

• Funds

• Physical property

What is an example of intangible company property?

• Cash reserves

• Office furniture

• Trade secrets

• Company car

What should an employee do if they witness misuse of company assets?

• Ignore it

• Discuss it with colleagues

• Report it immediately

• Use the assets for personal gain

How can misuse of company assets affect the company?

• It can reduce costs

• It can increase costs and affect jobs

• It has no impact

• It can lead to increased profitability