Carl Sagan’s Pale Blue Dot lecture

Part 1 – Watch the YouTube video below and answer these questions:

What does Carl Sagan’s Pale Blue Dot lecture mean to you?
Did you perspective change at all about your place in the universe?
What can we learn from this lecture?
How does it relate to this class?

 

Sample Solution

Carl Sagan`s Pale Blue Dot lecture

On February 14, 1990, famed scientist Carl Sagan gave us an incredible perspective on our home planet that had never been seen before. As NASA`s Voyager 1 spacecraft was about to leave our Solar System in 1989, Sagan pleaded with officials to turn the camera around to take one last look back at earth before the spaceship left our solar system. The resulting image, with the earth as a speck less than 0.12 pixels in size, became known as “the pale blue dot.” On it everyone you love, everyone you know, everyone you ever heard of, every human being was, lived out their lives. The earth is where we make our stand. There is perhaps no better demonstration of the folly of human conceits than this distant image of our tiny world. To me, it underscores our responsibility to deal more kindly with one another and to preserve and cherish the pale blue dot, the only home we have ever known.

hould focus their production efforts in the future. Managers take the information received to develop specific goals and strategies for the future production within the organization.

Ethical issues/concerns for the management accountant

Business owners and other decision makers require detailed and objective data when evaluating the operations of their company and making important decisions, regardless of whether or not the information is positive or negative. Therefore, it is critical that accountants are held to high ethical standards since they are usually privy to confidential business and sometimes personal information. It is important that these individuals are trustworthy since ethical standards require that information be reported in full, and without bias, regardless of the effects of the information. Accountants who reveal or use internal information for their personal benefit can break trust and set the business up for serious legal implications (Luft, 1997, p. 216).

Business owners may determine that unethical behavior does not translate to being illegal, a reasoning that creates a gray area within the organization. This perception could lead managerial accountants to potentially behave unethically when preparing and/or reporting financial information for the organization, thinking it isn’t doing any harm.  However, it may raise a red flag to auditors who may begin to question the accounting practices of the company. An example of this could be a firm consisting of an owner-manager and two subordinates (divisional managers) who trade with each other and are rewarded based on divisional profit. One of the divisional managers with private information may conceal it from the other divisional manager to gain an advantage in bargaining if he or she expects the resulting increase in profits to exceed the time and effort costs of additional negotiation (Luft, 1997, p. 216). This type of behavior provides that manager with a potential edge when performance bonuses are calculated; whereas, the other manager’s division could appear unprofitable and could result in job loss or a shutdown of the entire unit.

Accountants have the option of joining the IMA (Institute of Management Accountants) to not only enhance their knowledge but also to follow the ethical guidelines set forth by the organization when performing accounting tasks for either their employer or the general public.  Honesty, fairness, objectivity, and responsibility are the foundation of the standards put in place by the IMA (Noreen, Brewer, & Garrison, 2014, p. 1

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