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Ethics Is the Study of Right and Wrong and of the Morality

question 21

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Ethics is the study of right and wrong and of the morality of the choices we make.


Definitions:

Continuous Improvement

An ongoing effort to enhance products, services, or processes, often involving incremental and breakthrough improvements.

Offshoring

The business practice of sending jobs to other countries.

Labor Costs

The total expenditures incurred by an employer for the compensation of its workforce, including wages, benefits, and other related expenses.

Productivity

The measure of efficiency in which products, goods, or services are created or delivered compared to the input needed to produce them.

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