Not every ethical dilemma calls for a formal system of reporting. For every major ethics controversy that requires a formal approach, countless other dilemmas are resolved using an informal approach. It is important that psychology professionals hone their ability to evaluate situations in order to apply the appropriate approachNformal or informal in resolving ethical dilemmas. For this Discussion, read Section 1.04 in Chapter 4, (See attached), “Standards for Resolving Ethical Issues in Decoding the Ethics Code. Then select one of the scenarios from Fisher or describe one you have experienced or witnessed.1. A description of the scenario you selected.2. Then provide examples of one formal and one informal ethical resolution to this ethical issue and explain why they are formal or informal.3. Include in your explanation potential outcomes of both types of resolutions in this scenario.4. Then explain which is the most appropriate in resolving the ethical dilemma depicted in the scenario and why. References:Fisher, C. B. (2013). Decoding the ethics code (3rd ed.). Thousand Oaks,