An Ethical Manager's Decisions Are Based Only on the Following

question 76

True/False

An ethical manager's decisions are based only on the following questions: "Is it legal?" and "Is it profitable?"

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Definitions:

Collective Bargaining

The process by which employers and unions negotiate employment terms such as wages, hours, and conditions.

Unfair Labor Practice

Actions by employers or unions that violate workers' rights or union agreements, as defined under labor laws such as the National Labor Relations Act in the U.S.

National Labor Relations Act

A foundational law in the United States enacted in 1935 to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices that can harm the general welfare of workers, businesses, and the U.S. economy.

Market-Based Economic Theory

An economic perspective that emphasizes the efficiencies generated by free markets, minimal governmental intervention, and competition driving innovation and productivity.