Choose one correct option:

Ethical issues are gaining more and more attention in today's world of business. Decisions are taken by managers under various circumstances, under pressure from various sources, both in host and home countries, Given a situation where a company has not a clear set of business ethics, what is an ethical dilemma?

1. A situation when a staff member makes a wrong decision which has ethical consequences
2. An unethical decision made by managers
3. An ethical strategy which is based on unethical views and attitudes by managers
4. A situation in decision making when the alternatives one faces are conflicting and do not create a clear path