The Ethical Decision Making Approach That Views Ethical Decisions from the Actor's

question 42

Multiple Choice

The ethical decision making approach that views ethical decisions from the actor's perspective and then judges whether the decisions were ethical is:

• A) ethical fundamentalism.
• B) ethical relativism.
• C) situational ethics.
• D) act utilitarianism.

---

Definitions:

Purely Competitive

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit in the market.

Herfindahl Index

A measure of the size of companies in relation to the industry and an indicator of the amount of competition among them.

Market Shares

The proportion of total sales or revenue in a market accounted for by a particular company, indicating its dominance in the market.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the excess that remains after all costs have been accounted for.