You work for a construction firm that is submitting a bid for the construction of a new company headquarters building for Smithco. A friend you have known since high school works in Smithco's capital budgeting area and has full knowledge of all the bids from all firms. It would be unethical for your friend to share that information with you before you submitted your bid.

Question

Quizplus · Accepted Answer

It would be considered a breach of ethics for your friend to share confidential information about the bids with you before the submission. This would provide your firm with an unfair advantage over other bidders and could compromise the integrity of the bidding process. It is important to maintain ethical standards and avoid any conflicts of interest in business relationships.

You Work for a Construction Firm That Is Submitting a Bid