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Explain why the following situation is likely to persist: soccer players in Europe are the highest paid athletes and in the US they are among the lowest paid athletes.
Utilitarianism
A philosophical theory that suggests actions are right if they are useful or for the benefit of a majority, focusing on the outcome or consequences of actions to determine their morality.
Ethical Standards
Guidelines or principles that govern the conduct of individuals and organizations in a way that is morally right and good, often based on societal norms and professional codes of conduct.
Strategic Planning
The process an organization uses to define its strategy, direction, and decision making on allocating its resources to pursue this strategy.
Code of Ethics
A set of guidelines designed to outline the principles and standards of behavior expected of individuals and organizations in a professional setting.
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