Ralph Nader Became Famous After Testifying in Favor of a Bill

question 41

Multiple Choice

Ralph Nader became famous after testifying in favor of a bill regarding

• A) Social Security.
• B) air pollution.
• C) workers' compensation.
• D) automobile safety.
• E) gun control.

Understand the relationship between legal acts and morality.

Define ethics and distinguish it from legal standards.

Appreciate the concepts of rule utilitarianism versus act utilitarianism.

Explore the concept of ethical accountability for artificial entities such as corporations.

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Definitions:

Direct Labour

refers to the workforce directly involved in the manufacture of goods or provision of services.

Fixed Manufacturing Overhead

Indirect manufacturing costs that remain relatively constant regardless of the level of production, such as rent, salaries, and insurance.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.

Net Operating Income

The income generated from normal business operations after subtracting operating expenses from gross profit.