Which of the Following Statements Describes the Decision Guidelines for an Ethical

question 54

Multiple Choice

Which of the following statements describes the decision guidelines for an ethical decision?

• A)Identify the ethical issue,specify alternatives,assess the possible outcomes and make the decision.
• B)Identify the ethical issue,specify alternatives,consult the code of conduct and choose the solution which has the greatest benefit to the largest number of people.
• C)Identify the ethical issue,specify alternatives,calculate the gain or loss on each alternative solution and choose the solution with the smallest gain or highest loss.
• D)Identify the ethical issue,consult an external auditor and make the decision.

Recognize when to use finite population correction factors in statistical estimates.

Understand and apply Fromm's existential needs to assess individual fulfillment.

Analyze developmental stages in Erikson's theory and their completion status.

Apply Rotter's locus of control theory to individual cases of insecurity related to performance and influence.

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Definitions:

Cartel Arrangements

Agreements among competing firms to control prices or exclude entry of a new competitor in the market, often resulting in anticompetitive behavior.

Oligopolists

Firms or individuals that control the market for a particular good or service in an oligopoly, where a small number of entities dominate.

Monopoly Power

The ability of a single seller to control market prices and total market output.