An Ethical Crisis Occurs When an Event That Was Not

question 39

True/False

An ethical crisis occurs when an event that was not part of the normal course of action for a firm takes place and affects the firm.

---

Definitions:

Fast Fashion

A term used to describe clothing designs that move quickly from the catwalk to stores to meet new trends, often at the expense of ethical working conditions and environmental standards.

Social Dilemmas

Situations in which individuals face a conflict between maximizing personal interest and maximizing the collective interest, often leading to suboptimal outcomes for all involved.

Contagion Theory

A theory in sociology that explains how behavior can spread through populations as if it were a disease, influencing mass actions and reactions.

Collective Action

Refers to actions taken together by a group of people in pursuit of the same goal or interest.