Which One of the Following Decisions Most Clearly Reflects a Lack

question 39

Multiple Choice

Which one of the following decisions most clearly reflects a lack of understanding of the concept of sunk costs?

• A) You pay to have your car towed back to the repair shop because it was not fixed properly the first time.
• B) You decide to get a master's degree because you cannot find a job in the field in which you majored.
• C) You decide to purchase a piece of machinery for your business that will eliminate three employees' positions.
• D) You study eight hours for a final exam even though there is no way now that you can pass the course.

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Definitions:

Ethical Guidelines

Guidelines designed to ensure that behavior and practices adhere to a set of moral principles, especially in research and professional settings.

Code of Ethics

A set of guidelines designed to set out acceptable behaviors and practices for members of a particular profession or organization.

Voluntary Participation

A principle requiring that individuals choose to participate in research of their own free will without coercion or undue influence.

Nonmaleficence

A principle in ethics, especially in healthcare, which dictates avoiding the causation of harm to others.