In the Boxed Material "Making Ethical Decisions," the Textbook Describes

question 62

Multiple Choice

In the boxed material "Making Ethical Decisions," the textbook describes corruption practices in developing nations. These practices include payoffs to government officials in order to get an edge on competing better in one's industry. Which of the following statements best describes the ethical message explained in this box?

• A) Bribery is commonplace and necessary in socialistic nations.
• B) Bribery is acceptable if everyone is doing it. As a businessperson, you have to find the right balance in whatever nation you want to sell your products.
• C) Campaign contributions are not considered bribes, particularly if everyone in your industry is doing the same.
• D) Ethics plays an important role in a capitalistic system and in the freedom to compete. Corruption can hinder economic growth.

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Definitions:

Common Fixed Expenses

Expenses shared across different departments or product lines within a company that do not change with production or sales volume.

Sales Dollars

A measurement of revenue generated from sales activities, expressed in the currency of dollars.

Special Order

A one-time or unusual order for goods or services, often requiring unique production or procurement efforts.

Sales Commissions

Payments made to sales personnel based on the amount of sales they generate, often a percentage of the sales value.