Which Ethical Principle States That When Confronted with an Ethical

question 24

Multiple Choice

Which ethical principle states that when confronted with an ethical dilemma, an individual should take the action that produces the least harm, or the least potential cost?

• A) the Slippery Slope
• B) Risk Aversion
• C) No Free Lunch
• D) the Collective Utilitarian principle

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Definitions:

Pre-tax Income

The total earnings of a company before any taxes have been deducted, often considered when assessing the profitability of a company.

Contribution Margin

The contribution margin is the revenue from a product or service minus the variable cost, indicating how much contributes to covering fixed costs and generating profit.

Net Income

A company's overall income following the subtraction of all costs, taxes, and expenses from its gross revenue.

Unit Sales Price

The amount charged to customers for a single unit of a product or service.