Mary is a waitress who,when tips are included,earns $15 per hour.Mary chooses to work 40 hours per week.Assume there are no taxes,so Mary earns $600 per week.A slowdown in the restaurant's business cuts Mary's hourly wage in half,to $7.50 per hour.To compensate Mary for the lost income,Mary's rich parents begin sending a gift of $300 per week.
Definitions:
Code Of Ethics
A set of principles designed to guide members of a profession, organization, or group in conducting their actions with honesty and integrity.
Public Companies
Corporations whose shares are traded openly on stock exchanges, allowing public investors to buy and sell ownership stakes.
Deontological Theory
An ethical theory that suggests actions are morally right or wrong based on their adherence to rules and duties, regardless of the outcomes.
Utilitarian Notion
A concept in ethics that actions are right if they are useful or for the benefit of a majority, focusing on the outcome of achieving the greatest happiness for the greatest number.
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