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Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in putting these on the back-burner, waiting for more convenient moments to address them.
Representations
Statements or assertions made by one party to another, often regarding the condition or status of something, which can impact agreements or contracts.
Innocent Misrepresentation
A misrepresentation made without fault or knowledge of its falsity, which may allow the misled party to void the contract but not claim damages.
Intentionally Deceptive
Deliberately misleading actions or statements designed to make someone believe something that is not true.
Ratification
The action of officially approving or confirming a previous act or decision, which was made without authorization or was otherwise questionable, to make it legally valid.
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