In making decisions, ethical concerns need to be considered. Identify and explain how a decision tree would assist the manager in making ethical decisions.
What will be an ideal response?
A decision tree is a graph of decisions and their possible consequences, and is used to help with ethical decision making. The manager would ask several questions: Is the proposed action legal? If yes, does the proposed action maximize shareholder value? If yes, is the proposed action ethical? If no, would it be ethical NOT to take the proposed action?
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