A Person Who Lives in a Good-Climate City Says, "It's

question 33

Multiple Choice

A person who lives in a good-climate city says, "It's expensive to live here, but at least the climate is free."  In terms of a theory advanced in the textbook, this person has either forgotten or is unaware that

• A)New York City is not a good-climate city and it is expensive to live there. In other words, not all good-climate cities are expensive and not all bad-climate cities are cheap.
• B)part of the reason it's expensive to live in the city is because of the good climate.
• C)good-climate cities have more outdoor entertainment entities and activities and therefore  people have to pay higher taxes to support those entities and activities.
• D)there is a sunshine tax in most of the country - the more hours of sunshine a day, the higher the tax.

Distinguish between business ethics and general ethics.

Differentiate between stakeholders and shareholders and understand their roles in business decisions.

Explore the interplay between law and business ethics in shaping business decisions.

Acknowledge various ethical theories and their impact on business decisions including consequentialism, utilitarianism, and absolutism.