When We Discuss _____ Approaches, We Are Talking About How

question 9

Multiple Choice

When we discuss _____ approaches, we are talking about how organizational decision makers actually approach ethical issues.

• A)Normative
• B)Individual
• C)Descriptive
• D)Organizational
• E)Values-based

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Definitions:

Exclusive Agency

A contractual arrangement in which one agent is given the exclusive right to represent a client or a property, typically in the sale of real estate or intellectual property.

Agency Contract

An agreement where one party (the agent) agrees to act on behalf of another (the principal) in business transactions.

Durable Power

A form of power of attorney that remains in effect even if the grantor becomes incapacitated or unable to make decisions.

Arbitration Agreements

Contracts in which parties agree to settle disputes outside of court, through an arbitration process.