Trace the Ethical Decision Making Process

question 1

Essay

Trace the ethical decision making process. You may find it helpful to apply the model to a real business situation or to a hypothetical ethical issue you develop yourself.

Identify the stages of negotiation and the activities performed in each stage.

Recognize the importance of objective criteria and principled negotiation.

Explain the benefits of protective measures in negotiations and decision-making processes.

Understand the role of verbal negotiation tactics, including their implications and purposes.

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Definitions:

Medium-Grade Quality

Describes products or materials that meet a standard of performance or durability that is considered average or moderate in comparison to others.

Breach of Warranty

The failure to fulfill the terms of a promise, guarantee, or warranty in a contract, leading to potential legal action for damages.

Repossesses

The act of a lender or seller taking back property when the borrower fails to make payments as agreed.

Prior Claim

A right or claim that takes precedence over others, having seniority in time or order of obligation.