Ask Question
BusinessBusiness
6 July, 02:46

Write a fictional scenario (can be based on something you have witnessed in real life) describing an ethical challenge you might encounter in a loan transaction.

+5
Answers (1)
  1. 6 July, 05:35
    0
    Oliver is the best friend of Tommy. Tommy was in dire need of money so he asked Oliver, manager of Starling Bank, to lend him money. Oliver knew that Tommy has no work and his father had cut him off of his trust fund so it would be impossible for him to pay the amount he will be borrowing. Oliver was hesitant to grant the request of Tommy. This was an ethical challenge on his part since he knew the consequences if he would grant Tommy's request. He needs to decide well and weigh the possible effects of his actions.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Write a fictional scenario (can be based on something you have witnessed in real life) describing an ethical challenge you might encounter ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Edward is considering buying a home using credit. What are three questions he should ask himself to ensure he is using credit responsibly?
Answers (1)
What should you include in the opening of a direct claim letter? a. A justification of your request b. A clear statement of the desired action c. An explanation of the problem
Answers (1)
On January 1, Pharoah Corporation had 91,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Apr.
Answers (1)
The final step of judging an advertisement's effectiveness is to
Answers (1)
What is a reputation system? Multiple Choice a. an online marketing concept in which the advertiser attempts to gain attention by providing content in the context of the user's experience in terms of its content, format, style, or placement b.
Answers (1)
New Questions in Business
Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.
Answers (1)
Which of the following comparisons best isolates the impact of a change in activity on performance?
Answers (1)
If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of
Answers (1)
In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.
Answers (2)
The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.
Answers (1)
Home » Business » Write a fictional scenario (can be based on something you have witnessed in real life) describing an ethical challenge you might encounter in a loan transaction.
Sign Up Forgot Password?