If Someone Complains About a Genuine Case of Ethical Violation

question 58

Multiple Choice

If someone complains about a genuine case of ethical violation, a supervisor should

• A) investigate the complaint and report what will be done.
• B) ignore the complaint if it does not affect the company's profits.
• C) immediately bring it to the attention of the media.
• D) advise the whistle-blower to call government agencies.

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Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Economic Losses

Financial losses suffered by an individual or organization, often as a result of unfavorable business conditions or activities.

Price-Taker Market

A market condition in which individual buyers or sellers cannot influence the market price through their own actions.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the true profitability of a firm's operations.