Bounded Ethicality Is a Psychological Process by Which People Come

question 34

True/False

Bounded ethicality is a psychological process by which people come to engage in behaviour that violates their organization's ethical standards.

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Definitions:

Benefits

Forms of compensation provided to employees or the public, including health insurance, pension, and unemployment assistance.

Opportunity Cost

The cost of what is forgone in order to pursue a certain action; the value of the best alternative option that is not selected.

Subjective Values

The notion that the value of goods and services is determined by the preferences and perceptions of individuals, rather than by intrinsic characteristics.

Decision Making

The process of selecting among available alternatives based on the preferences and values of the decision-maker.