Which the Following Decision-Making Scenarios Presents an Ethical Dilemma

question 3

Multiple Choice

Which the following decision-making scenarios presents an ethical dilemma?

• A) A disgruntled employee of one of your competitors has offered to reveal details of his company's new strategy if you were to hire him. This competitor has in the past poached key executives from your company and engaged in industrial espionage in other ways.
• B) You are manager of a large facility in a country where paying bribes to public officials is a way of life. Your company has a zero-tolerance policy toward bribing, but the officials are threatening to close down the factory, rendering several thousand workers jobless, if you don't comply.
• C) It has been brought to your notice that the company competing with you for a major contract is trying to bribe and influence decision makers in a bid to get the contract. Some of your executives feel that your company should also do the same because getting this contract will make a big difference to the company's future.
• D) The last inspection at your plant revealed structural problems with some of the buildings that, if not fixed immediately, could compromise worker safety. However, your company is low on funds and taking on repair work will push the company into the red.

Follow the path of sound through the ear to understand how it is processed.

Understand sensory interaction and its relevance to daily experiences.

Recognize the occurrence and impact of confirmation bias during problem identification.

Understand the implications of information overload on decision quality.

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Definitions:

Fixed Manufacturing Overhead

Fixed manufacturing overhead refers to the costs associated with production that do not vary with the level of output, such as rent for factory buildings, salaries of certain staff, and equipment depreciation.

Overhead Volume Variance

The difference between the budgeted and actual volume of production, affecting the allocation of fixed overhead costs.

Denominator Level

In cost accounting, it refers to the base level of activity or volume used to calculate fixed costs per unit.

Standard Hours

The expected amount of time it should take to complete a task or process under normal conditions.