According to the guide to ethical decision making, when trying to decide on a way to resolve an ethical dilemma,
A) weigh each alternative according to its financial consequences.
B) make an intuitive decision within five minutes.
C) imagine several possible options.
D) decide to either do or not do something.
Answer: C
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Altering consumer behavior is an effort mostly focused on
A) persuading consumers they are making the wrong purchase decision. B) offering a good or service at the right time in the right place for the right price. C) using non-traditional media to convey a product message. D) changing consumers' actions, attitudes and access to information. E) advertising messages alone, not public relations tools.
In the long run, firms must approach outsourcing decisions based on cost alone to strengthen their core capabilities.
Answer the following statement true (T) or false (F)
All of the following statements regarding uncertainty in liabilities are true except:
A. A company only records liabilities when it knows whom to pay, when to pay, and how much to pay. B. Liabilities can involve uncertainty in whom to pay. C. A company can be aware of an obligation but not know how much will be required to settle it. D. A company can have an obligation of a known amount to a known creditor but not know when it must be paid. E. A company can create a liability with a known amount even when the holder of the note may not be known until the maturity date.
Which of the following should be included in the business description?
a. the name of each investor b. industry background c. potential disadvantages of the venture d. a list of suppliers