In a Business Decision Where There Are Ethical Concerns,the Preferred

question 75

Multiple Choice

In a business decision where there are ethical concerns,the preferred course of action should be one that:

• A)Is agreed upon by the most managers.
• B)Maximizes the company's profits.
• C)Results in maintaining operations at the current level.
• D)Costs the least to implement.
• E)Avoids casting doubt on the decision maker and upholds trust.

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Definitions:

Way Of Thinking

A perspective or method of approaching problems and making decisions based on certain principles, values, or assumptions.

Macroeconomics

The branch of economics that studies how the aggregate economy behaves, focusing on indicators like GDP, unemployment rates, and inflation.

Microeconomics

The branch of economics that focuses on how human behavior affects the conduct of affairs within narrowly defined units, such as individual households or business firms.

Aggregate Markets

Aggregate markets are large-scale markets that collectively encompass all buyers and sellers in an economy, dealing with the overall demand and supply rather than with individual products.