In Analyzing a Situation to Determine How to Act Ethically,a

question 43

Multiple Choice

In analyzing a situation to determine how to act ethically,a business manager should:

• A) gather background information by either talking firsthand with the people involved or by talking to those who gained information informally through the company "grapevine."
• B) narrowly focus on a single issue.
• C) determine whether an alternative violates important values.
• D) All of the answers are correct.

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Definitions:

Common Law Language

The language used in common law jurisdictions, based on judicial decisions and customs, as opposed to statutes.

Implied Warranty

An unwritten guarantee that a product will meet a minimum level of quality and functionality.

Merchantability

A warranty that goods sold will be of average quality, fit for the general purpose for which they are sold.

Implied Warranty

A legal term for assurances that are not explicitly stated but are assumed in the sale of goods or services, ensuring certain minimum standards.