From an Efficiency Perspective of PAT,what Approach Should Be Adopted

question 52

Multiple Choice

From an efficiency perspective of PAT,what approach should be adopted when managers are approaching retirement?

• A) Increase the percentage of their remuneration that is paid out as bonuses based on accounting profit in order to keep them motivated to work hard.
• B) Use a market-based bonus scheme.
• C) Make them redundant as early as possible.
• D) Link an additional element of the manager's superannuation package to profits.

Explain the principle of justice and its implications in ethical decision-making.

Describe the theory of "the inner circle" and its significance in ethical considerations.

Analyze the ethical boundaries of ambition and competition within a corporate environment.

Assess how personal self-esteem influences ethical behavior in professional settings.

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Definitions:

Euphotic

Relating to the upper layer of a body of water through which sunlight can penetrate and support photosynthesis.

Bathyal

Pertaining to the mid-water or bathypelagic zone in the ocean, typically between 200 and 2,000 meters deep.

Abyssal

Pertaining to the deepest parts of the ocean, typically depths beyond 2,000 meters, characterized by high pressures, low temperatures, and complete darkness.

Periwinkles

Small marine snails found in the intertidal zones of shores, known for their distinctive shape and role in aquatic ecosystems.