Your Text Outlines Three Practices to Help Us Avoid Ethical

question 20

Multiple Choice

Your text outlines three practices to help us avoid ethical traps: slow down,remember your Life Principles,and

• A)focus on the matter at hand.
• B)do not trust your first instinct.
• C)think about what society expects.
• D)go with your gut reaction.

---

Definitions:

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy while others keep theirs unchanged.

Individual Profits

The net gains or benefits accruing to an individual business after subtracting all expenses, costs, and taxes needed to sustain the business operations.

Tying

A sales practice where a seller requires the purchase of additional goods or services as a condition for buying a given product.

Profit-Maximizing Price

The profit-maximizing price is the price point at which a business can sell its product or service to maximize its profit margin, given its cost structure and market demand.