Which of the Following Is Correct with Regard to Managerial

question 142

Multiple Choice

Which of the following is correct with regard to managerial ethics?

• A) A manager who discriminates against any ethnic minority in hiring is exhibiting illegal, but not unethical, behaviour.
• B) If a manager pays an employee less than he deserves because the manager knows the employee can't afford to quit, the manager is clearly behaving unethically.
• C) Ethics are not usually an issue when a firm deals with customers.
• D) It is difficult to deal with ethical issues because there is much global variation in business practices.
• E) All of the statements are correct.

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Definitions:

Large Number

In economics, it often refers to the statistical benefit or reliability that comes from having a large number of events or participants.

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, allowing for some degree of market power and product differentiation.

Close Substitutes

Goods or services that can easily replace one another in consumption due to their similar characteristics.

Horizontal Demand

Refers to a demand curve that is completely elastic, indicating that consumers are willing to purchase any quantity of the product at a specific price.