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Business Finance

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Ethical Decision Making

3.3 Test your Knowledge (Question):

You are working with an important vendor who has offered you a “sweet” deal.  However, the vendor has made it clear that he wants a decision now and your internal warning system (i.e. your gut) is telling you that this deal might be an ethical dilemma.  Using what you have learned from this chapter, briefly describe how you should proceed.  Will you answer him now?  How will you think about the “dilemma” and respond to the vendor?

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Solutions To a Business Decision-Making Ethical Dilemma

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Solutions To a Business Decision-Making Ethical Dilemma.
In every decision made by an individual, ethics is essential since some decisions require
one to choose or prioritize between ethical values and competing principles. Ethical decisionmaking involves fairness, caring, respect, responsibility, and trustworthiness. It also generates
good behavior and creates a good foundation for the best business practice. However, the ethical
decision-making process involves reviewing all available options and choosing t...

Qe_Fvqnjn (9114)
University of Virginia

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