The Practical Rule States That an Ethical Decision Is One

question 82

Multiple Choice

The practical rule states that an ethical decision is one that

• A)best protects the rights of people affected.
• B)produces the greatest good for the greatest number of people.
• C)distributes benefits and harms in a fair way.
• D)can be communicated with no reluctance.
• E)is relevant to the financial effectiveness of the organization.

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Definitions:

Noncorporate Sector

Parts of the economy that are not incorporated as businesses, including households, sole proprietorships, and some partnerships.

Excess Burden

The amount by which the burden of a tax exceeds the total revenue collected. Also called deadweight loss.

Tax Revenue

The revenue collected by governments from taxes.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.