BUSINESS ADMINISTRATION
BUSINESS POLICY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Ethical issues of a business that mislead consumers
|
fraud
|
|
Embezzlement
|
Explanation:
Detailed explanation-1: -Fraud describes circumstances in which a company obscures the truth from public knowledge. ‘ Fraud exists when (1) a material false statement is made intentionally and with the intent to deceive, (2) the victim relies upon that false statement to their detriment, and (3) the victim suffers damages.
Detailed explanation-2: -Advertising that promotes a service or product in a deceptive manner is unethical because it doesn’t provide consumers with all the information they need to make a good decision. Consequently, consumers might waste money on products or services they neither need nor want.
There is 1 question to complete.