Dian and Other Officers of Extraction Corporation Apply the Utilitarian

question 39

Multiple Choice

Dian and other officers of Extraction Corporation apply the utilitarian theory of ethics in business contexts. This theory focuses on

• A) moral values.
• B) religious beliefs.
• C) the consequences of an action.
• D) the nature of an action.

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Definitions:

Unemployment

The situation when individuals who are capable of working and willing to work are unable to find employment.

Long-run Phillips Curve

An economic concept stating that in the long run, there is no trade-off between inflation and unemployment; the curve is vertical at the natural rate of unemployment.

Inflation

How rapidly the across-the-board prices of goods and services increase, impairing fiscal buying ability.

Unemployment

Unemployment occurs when individuals who are capable of working and are looking for a job are unable to find employment. It is a key economic indicator.