Phil Is a Manager Who Is Preparing to Send a Memo

question 43

Multiple Choice

Phil is a manager who is preparing to send a memo to members of his team.Which of the following will best help him evaluate the memo before he sends it?

• A) asking questions to challenge rationalizations
• B) consulting the Ethics Resource Center
• C) surveying team members
• D) applying the FAIR test
• E) reviewing his company's code of ethics

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Definitions:

Surplus

An excess of supply over demand in a market, leading to downward pressure on prices.

Equilibrium Level

Refers to the state in a market where supply equals demand, leading to a stable price for a product or service.

Substitute Good

A product or service that can be used in place of another to satisfy similar needs or desires.

Equilibrium Price

The price at which the quantity of a product offered by sellers equals the quantity of the product that buyers are willing to purchase, without any surplus or shortage in the market.