If the concept of ethics is so easy to understand, why do ethical dilemmas occur so frequently?

What will be an ideal response?


Ethics set standards as to what is good or bad in conduct and decision making. Because these ethical standards are not classified, disagreements about proper behavior often occur. An ethical dilemma arises in a situation when each alternative choice or behavior has some undesirable elements due to potentially negative ethical or personal consequences. Right or wrong cannot be clearly identified.

Business

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Louis is a military leader and his team often encounters emergency situations. When in emergency situations, Louis should use which of the following leadership styles?

A. Hersey and Blanchard’s telling style B. Blake and Mouton’s “produce or perish” style C. House’s directive leadership style D. Fiedler’s high LPC approach

Business

In moving toward the just-in-time continuous work flow concept, a key objective is the elimination of waste

Indicate whether the statement is true or false

Business

The indirect method of preparing a statement of cash flows

A) eliminates the need for a schedule of noncash investing and financing transactions. B) provides a different result than the direct method. C) adjusts net income for changes in current accounts. D) shows collections from customers rather than the change in Accounts Receivable.

Business

A trading area can best be defined as _____

a. the geographic area containing the customers of a particular retailer or group of retailers for specific goods and services b. those competitive stores that interchange customers c. a specific cluster of similar stores d. stores that are located in a free-trade zone

Business