Question: Ethical question / Legal Environment of Organizations
Suppose you are a businessperson who has an opportunity to make a lot more money by meeting with your competitors and fixing prices, conduct which is illegal. In this hypothetical, the authorities will never be able to discover that the prices have been fixed because the price rise is so small - just pennies - but the increase in your net profit would be considerable. Please discuss the following:
1. Would you agree to the price-fixing arrangement? Why or why not? (i.e. do you think it's fair? ethical? socially responsible?)
2. Would your answer change depending on how the extra profit would be used? (i.e. for the good of the community?)
3. Would your answer be different if there was an "even" chance that you might get caught?
SUBJECT: Legal Environment of Organizations