Ethics in Real Life Business(Chapter 3 pg 87)1.What are Joseph’s ethical problems?An ethical problem that is stated in this text isreceiving gifts or “kickbacks” from clients.Another would be conflict of interest.Hisboss electing to be his wife’s client is a conflict of interest.The third that I see is thekickbacks affecting the consumer market or pricing.2.Assume that you are Joseph and discuss your options.Prior to finding out about his wifetaking on his boss, I would have discussed this situation with her.How some employeesare taking kickbacks and how he thinks his boss, Kathryn would react based on pastperformances.Hopefully she will not take Kathryn on as a client, even though they need