Directions: I have found it helpful to consider ethics and morals before finding myself in a situation where I need to make an ethical decision. The following article describes how to handle ethical dilemmas from an accountants point of view (in Australia technically but I think they still make great points). https://www.publicaccountant.com.au/blog/ethical-dilemmas-what-would-you-do Part 1: Five different approaches are given: utilitarian approach, rights approach, fairness or justice approach, common good approach and virtue approach. Do you feel that one of the approaches is more relevant to you or would you select a different approach depending on the context? Part 2: Look up an example of an ethical lapse in a business setting and analyze it by two different approaches from Part 1. Part 3: What is the cause of the cost allocation death spiral? Part 4: What is the role of opportunity costs in a make-or-buy decision?