________ Is a Vision of Society in Which Competition for Wealth

question 49

Multiple Choice

________ is a vision of society in which competition for wealth is the only recognized value and virtually all social decisions are left to unregulated markets...It is a world in which..."everything [is] for sale."

• A)Neoliberalism
• B)Rational ethics
• C)Social contract theory
• D)Utilitarianism

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Definitions:

Bullwhip Effect

When errors in estimating the supply of human capital are amplified along the supply chain, resulting in large overestimates of hiring needs.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Linear Programming

A complex mathematical procedure commonly used for project analysis in engineering and business applications; it can determine an optimum or best-supply mix solution to minimize costs or other constraints.

Probabilistic Programming

A programming paradigm concerned with the development of software and algorithms that reason and infer probabilities.