Suppose that you own a small manufacturing firm in a competitive industry and your profitability has been suffering. As a result of participating in a trade show, you get a call from a firm in a European country. The person on the other end of the phone tells you that his company is interested in purchasing $500,000 of your product (and maybe more in a month or two) . You are ecstatic, because this is the type of order you need to return your firm to profitability. Before you hang up the phone, however, the person on the other end tells you that in his country, it is customary to pay $5,000 in cash to the purchasing agent who "gets you the order. Immediately, you recognize this as a bribe-if you pay the purchasing agent $5,000 in cash, you'll get the $500,000 order. This situation is best described as a/an
A) social justice decision.
B) ethical dilemma.
C) cost of doing business.
D) social responsibility decision.
E) tradeoff dilemma.
Correct Answer:
Verified
Q134: The application of general ethical rules to
Q135: According to your text, which of the
Q136: According to our textbook, the rise in
Q137: A situation in which a person must
Q138: Brandon has been sent to a third
Q140: Which of the following approaches to business
Q141: After pricing the very expensive pollution control
Q142: The approach to business ethics that emphasizes
Q143: It is often difficult to accurately determine
Q144: What is the main drawback to the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents