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Michael Davis | Professional Responsibility: Just Following the Rules?
Davis criticizes the view that professional responsibility goes beyond merely following the rules of one's code of ethics by necessarily involving certain character virtues. Rather, if a code of ethics is well-written, following these rules means that a professional is acting responsibly. He discusses seven different interpretations of "just following the rules": blind obedience, strict obedience, malicious obedience, negligent obedience, accidental obedience, stupid obedience, concluding with a positive discussion of interpretative obedience.
-"Working to rule" most resembles ___________ obedience.
Wage Rate
The amount of money paid to an employee by an employer in exchange for work performed, usually expressed per hour, day, or piece.
Production Function
An equation that describes the maximum output that can be produced with a given set of inputs.
Demand Curve
A curve that shows the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.
Cournot Duopolists
A model of competition between two firms that decide on quantity to produce independently and simultaneously with the assumption of no further entry into the market.
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