Which of the Following Violates the Ethical Principle of Avoiding

question 73

Multiple Choice

Which of the following violates the ethical principle of avoiding conflicts of interest?

• A) Taking unfair advantage of a supplier in order to maximize profits.
• B) Misrepresenting a competitor's product in order to win a new client.
• C) Choosing a supplier because you are a shareholder in the supplier's company and stand to gain personally from the decision.
• D) Hiding financial losses from investors in order to protect the price of the company's stock.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the open market.

Purchase Price

The purchase price is the amount of money paid to buy an asset, product, or service.

Ethically

Acting in ways considered morally right and professionally appropriate according to standards of conduct.

Consequences

The results or effects that stem from specific actions, decisions, or policies, which can be positive, negative, or neutral.