ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -View this answer. The correct answer is False. An ethical dilemma happens where there is more than one option to choose from, but the available choices require the person to compromise or violate their ethical standards.

Detailed explanation-2: -Ethics are the standard of what is right and wrong, and they are based on our values. Being ethical requires making a moral judgment, and that’s not always easy. Ethical behavior takes courage and has to be practiced.

Detailed explanation-3: -Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principles. In making ethical decisions, it is necessary to perceive and eliminate unethical options and select the best ethical alternative.

Detailed explanation-4: -There is no such thing as a right or wrong answer. A decision is a vehicle to help you take action, and taking action is the only way you move forward. It’s the only way you live life. Refusing to make a decision is like taking a pause on life.

Detailed explanation-5: -An ethical dilemma is a morally problematic situation: you must choose between two or more acceptable but often opposing alternatives that are important to different groups. Experts often frame this type of situation as a “right-versus-right” decision.