Which of the Following Is Not an Example of an Ethical

question 40

Multiple Choice

Which of the following is not an example of an ethical dilemma?

• A) Do I allow some employees to work from home, and not others?
• B) Do I offer a bribe to land a contract?
• C) Do I write a check on a closed account?
• D) Do I fire an employee to avoid paying her a big bonus?
• E) Do I fire a whistle blower for exposing the company's wrongdoing?

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Definitions:

Imperfectly Competitive Market

A market structure where individual sellers have some control over the price of their goods due to product differentiation or other factors.

Total Product

The overall quantity of output that a firm produces, usually in relation to a given input of labor or capital.

Marginal Product

The additional output that results from adding one more unit of a specific input, holding all other inputs constant.

Purely Competitive

A market structure characterized by a large number of small firms, each selling identical products, with no single firm able to influence market prices.