In Resolving an Ethical Conflict, Which of the Following Would

question 28

Multiple Choice

In resolving an ethical conflict, which of the following would never be appropriate?

• A)discussing the matter with the chief executive officer
• B)discussing the matter with an external member of the board of directors
• C)taking the matter to the press where there is no legal requirement
• D)resigning from the position because of a conflict

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Definitions:

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved or is unattainable.

Units Bought

Refers to the quantity of a particular good or service purchased by consumers or businesses.

Tax Imposed

A financial charge or other levy placed upon an individual or a legal entity by a state or a functional equivalent of a state.

Consumer Surplus

The difference between the amount consumers are willing to pay for a good or service versus what they actually pay.