Which of the following is the result of two or more firms collaborating on a wrongful act like price fixing?

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AACSB:Ethical understanding and reasoning abilitiesObjective:2.3Learning Outcome:Discuss strategies for setting and adjusting pricesSkill:Concept57) Which of the following is NOT an element of green marketing?A

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Page Ref: 44Difficulty:ModerateAACSB:Ethical understanding and reasoning abilitiesObjective:2.3Learning Outcome:Discuss the roles of ethics and corporate responsibility in businessSkill:Concept58) Which of the following has NOT been identified as a basic consumer right?B

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Page Ref: 45Difficulty:ModerateAACSB:Ethical understanding and reasoning abilitiesObjective:2.3Learning Outcome:Discuss the roles of ethics and corporate responsibility in businessSkill:Concept

A) Unfair pricing
B) Price gouging
C) Product collaboration
D) Collusion
E) Consumerism

Answer: D
Explanation: D) Interfering with competition can take the form of illegal pricing practices. Collusion occurs when two or more firms collaborate on such wrongful acts as price fixing.

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What is the result of two or more firms collaborating on a wrongful act?

Unfair Pricing: Collusion occurs when two or more firms agree to collaborate on wrongful acts, such as price fixing; price gouging occurs when firms respond to increased demand with overly steep price increases.

Which of the following is an example of unethical behavior?

You lie on your resume in order to get a job. Friends talk about another friend behind his back. A student takes credit for work they did not do. A college student cheats on a school paper by copying it off the Internet.

Which of the following examples best represents unethical behavior on the part of business?

Lying to employees The fastest way to lose the trust of your employees is to lie to them, yet employers do it all the time.

What is the term for an employee who discovers an illegal or unethical activity?

Definition: A whistleblower is a person, who could be an employee of a company, or a government agency, disclosing information to the public or some higher authority about any wrongdoing, which could be in the form of fraud, corruption, etc.