An Employee Who Observes Ethical Misconduct at Work but Does

question 34

Multiple Choice

An employee who observes ethical misconduct at work but does not discuss the matter with the person engaged in the misconduct or with someone else in the organization with authority is engaging in _____________.

• A) whistleblowing
• B) internal communications
• C) employee silence
• D) loyalty
• E) none of the above

Comprehend the definition and consequences of undue influence in contract law.

Recognize the role of economic coercion and duress in voiding or voidability of contracts.

Grasp the distinctions between types of fraud, including fraud in the inducement, and their impact on contracts.

Identify the legal consequences of non-disclosure and silence in the context of fiduciary duties or special relationships.

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Definitions:

Tacit Collusion

An informal and indirect form of collusion among competitors without explicit agreement, often through signaling and understanding of mutual interests.

Market Power

The ability of a firm or group of firms to manipulate the price of a good or service in the market by controlling supply, demand, or both.

Long-run Equilibrium

A state in which all factors of production are fully adjusted to the economic conditions, and all inputs and outputs are at their optimal levels without any external pressures.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for significant differentiation and competition.