The Model of Ethical Management in Which Managers Fail to Take

question 61

Multiple Choice

The model of ethical management in which managers fail to take morality into account when making decisions is

• A)inunoral management.
• B)moral management.
• C)semi-moral management.
• D)amoral management.

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Definitions:

Production Possibilities

The different quantities of various goods and services that an economy can produce with given resources and technology.

Equilibrium

A state in which market supply and demand balance each other, and as a result, prices become stable.

Comparative Advantage

The ability of a country, individual, or firm to produce a particular good or service at a lower opportunity cost than others.

Marginal Cost

The cost incurred by producing one additional unit of a product or service.