Profits are essential to the continued existence of the company and to the well being of all who depend on it. Revenues and costs are the two essential determinants of profit, as we have studied and heard several times. Of these, the one thing that all of us as individuals can directly impact significantly are the costs.
Thus, we all have a responsibility to protect the assets of Gloima Imaging Components, ensure optimal utilization of assets and to report and record all transactions. The simple way to identify what to do is to use the acid test and ask ourselves, "Would I do this at my home?". If this company wholly belonged to me, would I still be taking this action?". The answer to this question would solve the problem. After all, we all are stakeholders in Gloima Imaging Components and contribute to its success. We are all a part of "Team Gloima Imaging Components".
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