Unethical Managerial Behavior Tends to Be Driven by Such Factors

question 2

Multiple Choice

Unethical managerial behavior tends to be driven by such factors as

• A)a lack of training in what is ethical and what is not.
• B)overzealous or obsessive pursuit of personal gain, wealth, and other self interests; a company culture that puts the profitability and good business performance ahead of ethical behavior; and heavy pressures on company managers to meet or beat performance targets.
• C)widespread managerial belief in the ethical relativism school of thinking.
• D)widespread managerial belief in the ethical universalism school of thinking.
• E)confusing differences between what is ethical behavior in one's personal life and what is ethically permissible in business.

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Definitions:

Marginal Revenue

The additional income that will be generated by increasing product sales by one unit.

Quantity Demanded

The amount of a good or service that consumers are willing to purchase at a given price at a specific time.

Total Revenue

The total receipts from sales of goods or services provided by a company.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, all of whom have full information and the products are homogeneous, leading to no single buyer or seller being able to influence the market price.