Which of the Following Is Not a Phase of Escalation

question 40

Multiple Choice

Which of the following is not a phase of escalation during an ethical disaster?

• A)The firm's discovery of the misconduct
• B)Ethical issue recognition
• C)The firm's response to the misconduct
• D)The decision to act unethically
• E)The firm's decision to conduct an ethics audit

---

Definitions:

Entrepreneurs

Individuals who start and run businesses, taking on financial risks in the hope of profit.

Circular Flow Model

An economic model that depicts how money and goods move through different sectors in an economy, including households, businesses, and governments.

Basic Markets

Markets that are fundamental to the economy, dealing with the exchange of goods, services, labor, and financial instruments.

Central Planning

An economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services.