Ethical behavior is essential to profitability

Reference no: EM1352653

1) Why do many business managers feel that ethical behavior is essential to the profitability and survival of their firm?

2) Your Uncle left you a some of money and you need to calculate what is the most fiscally beneficial way to receive your payout. There are 3 options:

1. Take $10,000 now
2. Take 8 $2,000 payments at the end of the year for the next 8 years or
3. Take a $24,000 lump sum payment at the end of 8 years.

If the discount rate is 8 percent, which is the best option?

Reference no: EM1352653

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