Which of the Following Statements Is the Best Explanation of the Distinction

question 16

Multiple Choice

Which of the following statements is the best explanation of the distinction between psychological egoism and ethical egoism.

• A) Psychological egoism is the view that everyone should maximize their own psychological well-being; ethical egoism is the view that it is morally right to maximize one's own psychological well-being.
• B) Psychological egoism is the view that knowledge of one's own psychology is the key to human well-being; ethical egoism is the view that it is morally right to maximize one's own psychological well-being.
• C) Psychological egoism is the view that knowledge of one's own psychology is the key to human well-being; ethical egoism is the view that it is ethically acceptable to maximize one's own psychological well-being.
• D) Psychological egoism is the view that many people do in fact seek to maximize their own psychological well-being; ethical egoism is the view that it is morally right to maximize one's own psychological well-being.

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Definitions:

Employee Motivation

The techniques and strategies employed by businesses to encourage their employees to perform their best and remain engaged and satisfied with their work.

Budgeting

The process of creating a plan to spend your money, which involves estimating revenues and outlining planned expenditures.

Merchandise Purchases Budget

A financial plan that estimates the amount of inventory a company needs to buy to meet sales needs for a future period.

Sales Budget

A detailed plan that outlines projected sales for a future period, taking into account factors like marketing strategies and market conditions.