Question

In: Finance

describe what is difference between ethical issues and ethical dilema?

describe what is difference between ethical issues and ethical dilema?

Solutions

Expert Solution

Ethical Issues

1. Ethical issues represent choices which need to made that might be regarded or evaluated as ethically correct or wrong. It requires thought, discussion or investigation before making a decision.

2. Ethical Issues can be adhered with by adhering to exact Code of Ethics.

3. There exists a right choice to deal with ethical issues.

Ethical Dilemma

1. An Ethical Dilemma occurs when two or more ethical principles or ethical standards come into direct or indirect conflict with each other.

2. Ethical Dilemmas could lead to a situation when a person might act unethically.

3. There is no 100% right or 100% ethical choice to deal with ethical dilemmas.


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