Suppose You Value a Special Watch at $100

question 413

Multiple Choice

Suppose you value a special watch at $100. You purchase it for $75. On your way home from class one day, you lose the watch. The store is still selling the same watch, but the price has risen to $85. Assume that losing the watch has not altered how you value it. What should you do?

• A)Pay the $85 to buy the watch.
• B)Wait to see if the watch goes on sale. If the price drops to $75 or less, buy the watch.
• C)Wait to see if the watch goes on sale. If the price drops to $25 or less, buy the watch.
• D)Do not buy the watch.

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Definitions:

Ethical Responsibilities

Obligations to conduct oneself according to recognized moral principles and standards.

Social Workers

Professionals dedicated to assisting individuals, families, and communities to cope with challenges and improve their well-being through various interventions.

Competence

The ability or skill to do something successfully or efficiently.

NASW Code

The code of ethics developed by the National Association of Social Workers, guiding principles for professional conduct and decision-making.