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Rzqust [24]
4 years ago
8

Jamal was recently hired as a sales representative for a pharmaceutical company. He notices that all the other sales reps "pad"

their expense accounts by claiming meals with clients that never took place and then pocket the extra money. Jamal figures that since everyone else is cheating on their expense accounts, he might as well do the same. What ethics trap is Jamal falling into?
a) following orders
b) competition
c) conformity
d) lost in a crowd
Business
1 answer:
il63 [147K]4 years ago
7 0

Answer: Conformity

Explanation: Ethics trap refers to the situation in which an individual finds difficult to assess what is morally correct for him or her and what is not.

  Conformity refers to the ability of an individual to match the customs and beliefs of a group to mingle with that particular group.

In the given case, Jamal has been working in the company where all the members have been cheating on their accounts except for him. This urges Jamal to do the same for being a part of group.

Hence we can conclude that the correct option is C.

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The development of market power by a firm is considered to be a market failure because firms with market power will
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The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.
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3 years ago
Jane has been working with some buyers for several weeks. She thinks they are really interested in one particular property, but
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Answer:

What do you think would be a fair price

Explanation:

Since in the question it is given that Jane is working with her some buyers for several weeks. At the time of approaching she ask the buyer to purchase the particular property but in response, the buyer answers the price is too high so she responded to the buyer about what buyer thinks about a fair price.  

After telling the fair price, the Jane will try to Convenience with the buyer so that he or she would purchase the particular  property

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4 years ago
A market situation where all participants have an incentive to exploit a resource yet no one can limit anyone else's access to t
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Answer:

Tragedy of the Commons

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So it is the market situation where the participant expolited the resources also there is no limited for accessing the resources

So the above term should be considered for the given situation

5 0
3 years ago
Monitoring operations and keeping the company on track is part of the ________.
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Monitoring operations and keeping the company on track is part of the business operations. It provides the relevant information in order to make business decisions

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On July 1, 2021, Tremen Corporation acquired 30% of the shares of Delany Company. Tremen paid $3,160,000 for the investment, and
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Answer:

Amount paid to acquire investments                            $3,160,000

<em />

Net income                                             $1,100,000  

Less: Yearly dividends (140,000*4) <u>($560,000)</u>

Income after dividends                          <u>$540,000</u>

Share in income after dividends

for 6 months  ($540,000 * 30% * 6/12)                             <u>$81,000</u>

Balance of investments of Tremen corporation    <u>$ 3,079,000</u>

Hence, the balance of investments of Tremen corporation in Delany company is $3,079,000 .

5 0
3 years ago
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