Peter Is the Owner of a Fast-Food Franchise

question 34

Multiple Choice

Peter is the owner of a fast-food franchise.When his payroll accountant quit,he hired his wife,Karen,to take over the payroll responsibilities.Peter prefers to review the payroll records prior to disbursement and often asks Karen to add or subtract amount from employee pay.Which ethical principle most closely describes Peter and Karen's unethical actions?

• A)Objectivity and Independence
• B)Integrity
• C)Public Interest
• D)Responsibilities

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Definitions:

Lemons

In economics, refers to a market problem where sellers have more information than buyers regarding the quality of goods, leading to adverse selection. Also, a citrus fruit.

Expected Value

A statistic that calculates the average outcome of a random event when the process is repeated many times, useful in decision-making and risk assessment.

Dipstick

A tool used for measuring the quantity or level of fluid within a container, commonly used in vehicles to check oil levels.

Sealed-Bid

A bidding process where all bids are submitted confidentially and unopened until the designated time.