In Reality,ethical Behavior Depends on the Situation

question 8

True/False

In reality,ethical behavior depends on the situation.For example,in negotiating a contract with your employees,the way they win higher wages is by your losing the fight to hold down labor costs.You realize it is a win-lose relationship.
Every situation cannot be completely balanced,but it is important to the health of our relationships that we avoid major imbalances over time.An ethics-based manager has a win-win attitude.

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Definitions:

Right Locations

Optimal or strategically chosen places for conducting business, ensuring accessibility, visibility, and profitability, tailored to the target market's preferences.

Supply Chain Management

The management of products, information, and monetary assets as they progress from suppliers to manufacturers, then wholesalers, retailers, and ultimately consumers.

Gross Margin

A financial metric that represents the difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue, indicating the profitability of a company's core activities.

Subcontractors

Independent entities hired by a primary contractor to perform a specific task as part of a larger project.