Final answer:
Victoria's Secret requires managerial approval for employee discounts to control the 'opportunity' factor, thus preventing the potential misuse of discounts and maintaining ethical standards.
Step-by-step explanation:
At Victoria's Secret, managerial approval for employee purchases using a discount is a measure to control the 'opportunity' factor affecting ethical behavior. The company aims to prevent situations where employees could exploit their discount privilege without oversight, which might lead to unethical actions. By requiring managerial approval, the company minimizes the chance that employees might give themselves unwarranted discounts or misuse the company's discount policy.