Normative Ethics Involves

question 7

Multiple Choice

Normative ethics involves:

• A)establishing moral standards that regulate right and wrong conduct.
• B)investigating where our ethical principles come from, and what they mean.
• C)examining specific controversial issues, such as animal rights and environmental concerns.
• D)making a comparative analysis of cross-cultural moral standards.
• E)establishing the supremacy of moral standards of the Western school of thought.

---

Definitions:

Percentage Change

A mathematical calculation that indicates how much a value has increased or decreased as a percentage from its original amount.

Traceable Fixed Expense

Costs that can be directly linked to a specific segment or unit of a business, and do not change with the level of output.

Value-Based Pricing

Value-Based Pricing is a strategy where prices are set primarily on the perceived value to the customer rather than on the cost of the product or historical prices.

Differentiation Value

The unique attributes or benefits that make a product or service stand out from competitors in the eyes of customers.