The Most Widely Recommended Principle for Ethical Behaviour Is to Do

question 52

Multiple Choice

The most widely recommended principle for ethical behaviour is to do what:

• A)is best for yourself.
• B)will yield the most profits.
• C)you would want others to do for you.
• D)will reduce product prices.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a public marketplace.

Incremental Value

The additional value created by undertaking a specific action, beyond the existing value without taking that action.

Market Value

The current price at which an asset or service can be bought or sold in a particular market.