The Best Way to Characterize an Ethical Dilemma Is to Describe

question 15

Multiple Choice

The best way to characterize an ethical dilemma is to describe it as the

• A) correct choice is absolutely identified with clear outcomes.
• B) incorrect choice is absolutely identified with clear consequences.
• C) correct choice is not entirely clear and has both positive and negative consequences.
• D) moral thing to do based on your religious values.

Evaluate the ethical considerations involved in using online information for job applicant evaluation.

Link the concept of corporate social responsibility with the broader principles of business strategy and citizenship.

Identify the ethical considerations in business decisions, including outcome-based ethics and duty-based ethics.

Appreciate the importance of ethical decision-making processes and theories, such as utilitarianism and the principle of rights theory, in business contexts.

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Definitions:

Selling Price

The amount of money for which an item or service is sold to the buyer.

Operating Expenses

Operating expenses are the costs associated with running a business's core operations on a daily basis, including rent, utilities, and payroll.

Mark-up

A supplementary percentage of the cost price of products designed to account for overhead costs and profit margins.

Profit or Loss

The financial outcome of a business or investment, determined by subtracting expenses from revenue, indicating either earnings (profit) or shortfall (loss).