Sanjon at South Insurance Company Essay Assignment
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Sanjon at South Insurance Company Essay Assignment
- Sanjon has worked for the South Insurance Company for the past 23 years. He graduated with a top-notch accounting degree and also has his MBA. Bar none, Sanjon is considered by everyone in his organization to be a brilliant accountant. At issue is that Sanjon’s brilliance may be coupled with just a little too much “creativity” when one considers his approach to maximizing the company’s profits. At the end of every quarter, Sanjon calls up the supervisors of each of South’s insurance branches and asks them to estimate their outstanding insurance claims. These insurance claims represent money that the company likely owes its customers—that is, claims are estimates of money owed at the end of the quarter to South’s customers who are likely to file a claim in the near future, but who have not yet done so. (The total money owed—but still outstanding—is referred to as a “claims lag,” since there is a lag between the date of an insurable event and the date that South becomes aware that a customer has filed a valid claim).
For instance, based on historical experience, at the end of each quarter, Division 1 of South Insurance estimates that 20% of all claims for that quarter are still outstanding (i.e., an insurable event has occurred, but has not yet been
reported to Division 1). This is the number (20%) reported to Sanjon. Being the “brilliant” accountant that he is, and in light of his sheer eagerness to maximize profits for the quarter (and because his quarterly bonus is based on each quarter’s profits), Sanjon reduces the outstanding claims reported by all of South’s insurance divisions by 10%. In doing so, he has effectively reduced the company’s quarterly claims expenses by this same 10%—and voila!—
Sanjon has also managed a creative increase in his own quarterly bonus.
Sanjon sees nothing wrong in reducing the divisions’ company claims estimates, reasoning, “Look, they’re all a bunch of estimates anyhow!” Sanjon further opines, “Besides, I have a duty to this company and to its stockholders—to maximize profits!”
Consider this situation from a virtue ethics perspective. What virtues are at stake?
Does Sanjon appear to be rationalizing his behavior as a “duty” to others?
On a scale of unethical (1) to ethical (5), where would you rate Sanjon’s practice? Why?
Please respond with substantial detail
Sanjon at South Insurance Company Essay Assignment
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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