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Executives at Big Book Inc. had uncovered an internal problem involving embezzlement in the royalty department. In having to decide whether to go to the police or handle the problem themselves, they were faced with the possibility of a(n) _____.

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Answer:

The answer options to this question would be the following:

a. ethical misdemeanor

b. conflict of interest

c. ethical lapse

d. ethical dilemma

The correct answer is: c. ethical lapse.

Explanation:

An ethical lapse is not one that shows a total lack of integrity, but only an oversight or a blind spot in ethics. Ethical lapses may or may not be large-scale, private or publicized and are illegal within the law or immoral.

Only the term lapse within the legal scope is also used to mention the time that exists between two established limits and during which a specific procedural action can be responded to. As a general rule, it will be established by law although, in some cases and when it authorizes it, the judge will be in charge of determining them.

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