Discuss the Two Moral Principles That Guide Managers in Their

question 38

Essay

Discuss the two moral principles that guide managers in their efforts to meet their ethical imperative and provide an example of how these principles can help companies avoid costly lawsuits.

Describe the relationship between long-run supply curve elasticity and industry costs.

Analyze the effect of market conditions on firm survival and industry attractiveness.

Compare and contrast the effects of technology on competitive landscapes and market structure.

Understand the principles and conditions of pure competition in economics.

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Definitions:

Penal Sanctions

Penalties imposed for violating laws or regulations, which can include fines, imprisonment, or other forms of punishment.

Truth-in-Sentencing Laws

Legislation requiring convicted individuals to serve a substantial portion of their sentence before being eligible for parole.

Violent Crimes

Criminal acts that involve force or the threat of force against others, such as murder, rape, robbery, and assault.

Federal Prison

A correctional facility operated and maintained by the federal government for individuals convicted of federal crimes.