The Goals You Set for Yourself Should Flow Out of Your

question 7

True/False

The goals you set for yourself should flow out of your mission statement.As a part of your goal setting, you should consider your dreams and places you'd like to visit, as well as short-term goals such as graduating or exercising daily.

Analyze the impact of price changes on consumer expenditure.

Understand the relationship between price elasticity of demand and slope of the demand curve.

Explain the implications of elasticity on pricing and marketing strategies.

Analyze how elasticity affects supply and demand equilibrium.

---

Definitions:

Roman Catholic Natural Law Ethics

An ethical theory based on the belief that the moral law is discoverable by every person through the use of reason and is grounded in human nature and purpose, as taught within Roman Catholic theology.

Utilitarianism

A moral theory that emphasizes the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.

Kantian Ethics

A deontological ethical theory developed by Immanuel Kant, focusing on the principle that actions are morally right if they are done out of duty and adhere to a universal moral law.

Rawls's Ethics

A theory of justice proposed by philosopher John Rawls, focusing on fairness, equality, and moral decision-making under a veil of ignorance.