The Making Ethical Decisions Box,"Going Down with the Ship" Addresses

question 98

Multiple Choice

The Making Ethical Decisions box,"Going Down with the Ship" addresses a dilemma worthy of consideration.It describes:

• A)an unethical situation where the business owner's need for capital causes him/her to delay all payments to suppliers for 120 days,forcing several of his close business relationships,out-of-business.
• B)the slow death of a business and how important it is to delay payments,sell-off assets and do everything possible to save a failing business except dismissing employees who need their jobs for survival.
• C)ethical decisions that need to be considered when employees leave a faltering business to start their own,eventually competing against their previous employer.
• D)the unethical and disloyal decision to leave your family business and start your own,taking with you all the family business's trade secrets.

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Definitions:

Invested

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Absolute Purchasing Power Parity

A theory that states the price of goods in one country should equal the price of the same goods in another country when exchange rates are considered.

Exchange Rates

The expression of one currency's value in the terms of the value of another currency.