From the discussion postings, one of the student’s in class stated the following: “I currently work at a small accounting firmand like all other firmswe have to account for every minute of our day and code our time as we go. This was fine during tax season when the office was extremely busy, but now that it is summer and there isn’t much work to do,I struggle with finding ways in which to code my hours. One day when I asked the other interns how they handled this problem, they saidthey just fabricatetheir time. I too started doing this because it seemed likeit was a normal practice in the firm.” Which of the following statements regarding the “tests for an ethical dilemma” is correct?

Incorporating specific concepts from the course so far, explain whether you think ethics in business can be taught. Why or why not?

Distinguish between the concepts of consequentialism and nonconsequentialism as it applies to ethical dilemmas.

Our relationship with the law is best described by which of the following:

A framework approach involving “steps to ethical decision making”?

 The economic way of thinking would lead us to conclude that obesity rates would rise if

 The economic notion of scarcity is reflected in which of the following phrases?

Think like an economist: Which of the following is true of the statement “Any expenditure to reduce Covid transmission is justified if it saves even a single human life.”

You observe that the price of flight tickets has risen during the Winter break and yet consumers are flying more than ever to travel to places. Thinking like an economist, how would you explain this?

Is it possible for the opportunity cost of a choice to be different from the marginal cost for the supplier of a good?