Whether Everyone Else Does It Is One Method for Evaluating

question 73

True/False

Whether everyone else does it is one method for evaluating the ethics of a particular course of action.

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Definitions:

Financial Risk

Risk associated with a monetary outlay; includes the initial cost of the purchase, as well as the costs of using the item or service.

Joint Venture

A business undertaking by two or more parties, sharing resources, risks, and profits, but maintaining their distinct identities.

Market-Oriented

A business approach that focuses on identifying and meeting the needs and wants of customers through product innovation and adaptation.

Economic Development

Initiatives aimed at improving the economic well-being and quality of life for a community by creating jobs, stabilizing prices, and supporting infrastructure growth.