Ethical Issues That May Arise in Projects Large and Small

question 74

Multiple Choice

Ethical issues that may arise in projects large and small include:

• A)gifts from contractors.
• B)exaggerated expense reports.
• C)compromised quality standards to meet bonuses or avoid penalties related to schedules.
• D)pressure to mask delays with false status reports.
• E)all of the above.

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Definitions:

Costume Jewelry

Jewelry made from non-precious materials, designed to emulate more valuable pieces.

Acceptable Price

The price at which a consumer is willing to purchase a product or service, often considered fair by both the buyer and the seller.

Willing To Pay

The maximum amount an individual or entity is ready to spend to acquire a good or service or to avoid something undesirable.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.