Nayla Is Preparing a Budget for a Business Proposal, and She

question 47

Multiple Choice

Nayla is preparing a budget for a business proposal, and she needs to include $5,000 in materials costs as part of a total budget of $25,000. Which of the following guidelines will help Nayla obtain the required budget?

• A) Give only the $25,000 total cost of the project.
• B) Provide a precise breakdown of materials and their costs adding up to $5,000.
• C) Mention only the $5,000 total for materials.
• D) Provide an optimistic estimate of materials costs around $2,500.
• E) Include the $5,000 materials cost as well as a $3,000 "pad" in case of cuts.

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Definitions:

Aristotle

An ancient Greek philosopher and scientist, one of the greatest intellectual figures of Western history, he made vast contributions to various fields, including logic, metaphysics, ethics, and biology.

Moral Principles

Fundamental guidelines that govern ethical behavior, reflecting what is considered right or wrong in society.

Ethical Egoist

A moral theory asserting that individuals should act in ways that serve their own self-interest, positing that this approach ultimately benefits society as a whole.

Psychological Egoism

The thesis that people always act for their own self-interest, even when it seems as if they are acting for other people’s benefit (for example, in giving to charity, the egoist would say, the person is simply making himself or herself feel self-righteous).