Which of the Following Statements Is the Definition of Ethics

question 56

Multiple Choice

Which of the following statements is the definition of ethics?

• A) The moral obligation to protect the monetary interests of an organization at all costs
• B) The principles by which people distinguish what is morally right
• C) The values that help people understand cultural differences
• D) A pattern of behavior related to employees' positions in a group

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Definitions:

Convex Preferences

A situation in consumer theory where a consumer prefers combinations or mixtures of goods to extreme amounts of either good, illustrating a desire for diversified consumption.

Indifference Curves

Graphical representations of different combinations of two goods that give a consumer equal satisfaction and utility.

Positive Slope

indicates a situation where an increase in one variable leads to an increase in another, commonly represented in graphs.

Reflexive Preferences

A concept in economics indicating that individuals prefer goods or scenarios that reflect their own preferences or identities.