Phil Colley, a Project Manager, Finds an Envelope in His

question 123

Multiple Choice

Phil Colley, a project manager, finds an envelope in his office mailbox. The return address indicates that it was sent by a salesman for HiTek Instruments, a long-time supplier to Phil's firm. Inside the envelope is a "thanks for the business" note and $2,000 in cash. Afraid that he will be perceived as receiving a "kickback," Phil immediately takes the envelope and cash to his manager to report what he found. Phil uses ________ as an ethical system in his decision making.

• A)ecocentric management
• B)egoism
• C)utilitarianism
• D)relativism
• E)conventionalism

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Definitions:

Heuristic

A simple thinking strategy that often allows us to make judgments and solve problems efficiently; usually speedier but also more error-prone than algorithms.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often used in problem-solving and judgment situations.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks, often used in mathematics and computer science.

Overconfidence Phenomenon

The tendency for an individual to overestimate their abilities, performance, level of control, or chance of success.