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In a legal or ethical sense, any form of willful misrepresentation is considered a breach of ethics and possibly a breach of good will. The good will breach is the toughy here, as the deceived party can sue to break the contract, for damages, or both. In extreme cases, willfull misrepresentation may be interpreted as criminal fraud. Testifying in this manner would also be perjury.
That said, it would be naive to pretend this doesn't happen in the real world, from time to time.
Generally speaking though (and even applying Game Theory), willful misrepresentation is a poor tactic that has a nasty tendency to backfire.
What else can I help you with?
Evolution of business policy and strategic management?
evolution of business policy and strategic management?
How is a business mission and a strategic vision formulated?
How is a business mission and a strategic vision formulated?
Is it permissible to pay my personal taxes using funds from my business account?
No, it is not permissible to pay personal taxes using funds from a business account. It is important to keep personal and business finances separate to maintain legal and financial integrity.
Is it permissible to deposit a business check into my personal account?
It is generally permissible to deposit a business check into a personal account, but it is important to check with your bank to ensure there are no restrictions or fees associated with doing so.
How do you use shrewdness in a sentence?
Shrewdness is useful in negotiating a business transaction.
What is a strategic business partner?
A strategic business partner is another business that helps you meet your organizational goals. Since it is a partnership, your business helps them as well.
Preliminary outline of a business plan strategic initiative?
A preliminary outline of the business plan to be developed for Tolapp's strategic initiative
Walt Disney company has four major strategic business units place them on the BSG matrix?
strategic business unit
What are some examples of fraudulent misrepresentation in business transactions?
Fraudulent misrepresentation in business transactions can include false statements about a product's quality or performance, misleading financial information, or deceptive advertising claims. Other examples may involve concealing important information or making promises that cannot be fulfilled.
What is the strategic plans?
a strategic plan is where the business currently stand, where they want to be and how they are going to get there
What has the author Emanuel Gomez written?
Emanuel Gomes has written: 'Mergers, acquisitions, and strategic alliances' -- subject(s): Strategic alliances (Business), Consolidation and merger of corporations, BUSINESS & ECONOMICS / Strategic Planning, BUSINESS & ECONOMICS / Mergers & Acquisitions, BUSINESS & ECONOMICS / Management
What is strategic formulation?
Strategic formulation is the process of creating a strategy for a business. A strategy is a competitive position a business will take to compete in the industry.
