What is a conflict of interest? How is it related to ethical decision making?
What will be an ideal response?
Answer: Conflicts of interest refer to situations in which competing loyalties can lead to ethical lapses. For instance, if you are in charge of selecting an advertising agency to do your company's next campaign, you would have an obvious conflict of interest if your husband or wife worked for one of the agencies under consideration. It is difficult to make decisions when the question of what is right and what is wrong is unclear such as during ethical dilemmas. Watching out for conflicts of interest can help you to make the right decision when faced with an ethical dilemma.
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Leah does not shop online because she is afraid that her identity will be stolen. This is an example of which e-commerce concern?
A) security concerns B) seller opportunism concerns C) cognitive dissonance D) information privacy issues
In centralized economies (China, Cuba, Vietnam) the government owns a large part of the factors of production
A. unlike in market economies, where the private sector owns businesses. B. and the governments of market economies also own businesses. C. and free-trade capitalism offers an alternative, with no government-owned businesses. D. and these centralized economies avoid competition with free-traders.
Complex problems are those that ____.
A. have no clear boundaries B. are unique C. have no single optimal solution D. all of the above
If an adult purchases personal property from a minor, the minor has only a voidable title to the property
Indicate whether the statement is true or false