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Ethic

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Ethic

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • December 22, 2020 at 3:25 pm #600575
    tohir
    Member
    • Topics: 13
    • Replies: 4
    • ☆

    .A Coard B Co are competitors in the oil industry who, between them have a 90% market share. The chief
    executives of the two companies meet at a conference and have a private meeting at which they make several
    agreements
    Which of the following agreements would represent unethical business practice?
    A)An agreement to transport oil across a shared pipeline
    B)An agreement to commence research into environmental issues
    C)An agreement to develop joint technology for future use
    D)An agreement to set prices at a part cular level
    For me answer B Can you help me to understand clearly answer

    December 22, 2020 at 3:53 pm #600576
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    The answer is D.

    Forming a price cartel is anti-competitive and harms consumers by avoiding the market mechanism that normally keeps prices low.

    All the other agreements are potentially beneficial to all stakeholders.

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