The Hamlet of Smallville Had One Small Store That Provided

question 38

Multiple Choice

The hamlet of Smallville had one small store that provided all the basic necessities to the residents.The chain that owned the store decided to shut down the store as the hamlet was too small to allow the store to generate sufficient profits.The people of the town were upset and claimed that the damage that it caused them outweighed the harm caused to the chain by the reduced income.The store was closed.The store management applied the principle of ______ethic to this decision.

• A)economic efficiency
• B)self-interest
• C)justice
• D)personal virtues
• E)utilitarian

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Definitions:

Intangible Items

Assets that lack physical substance but hold value for a business, such as patents, trademarks, and goodwill.

Physical Items

Tangible objects that can be seen, touched, and measured, encompassing both inventory for sale and assets used in operations.

Assets

Resources owned or controlled by a person or business, which are expected to produce economic value or benefits in the future.

Common Stock

A form of security signifying part ownership in a corporation, which entitles the owner to vote and receive a portion of the company's earnings via dividends.