Hallie Has a Tendency to Be Egocentric

question 11

Multiple Choice

Hallie has a tendency to be egocentric.She follows the rules of her company mainly to avoid punishment and to gain respect.When making decisions,she always focuses on the immediate benefits she will gain from an alternative.Which of the following levels of ethical development does Hallie's behavior illustrate?

• A) Preconventional morality
• B) Postconventional morality
• C) Conventional morality
• D) Ethnocentric morality

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, measuring the performance of a firm beyond its opportunity costs.

Economic Profit

Economic profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing the excess over the firm's opportunity costs.

Implicit Costs

The firm’s opportunity costs of using resources owned or provided by the owner.

Explicit Costs

Dollar costs incurred by business firms, such as wages, rent, and interest.