Preston Stovall | Professional Virtue, Professional Self-Awareness, and Engineering Ethics

question 14

Multiple Choice

Preston Stovall | Professional Virtue, Professional Self-Awareness, and Engineering Ethics
Stovall introduces Aristotle's main arguments and definitions from the Nicomachean Ethics and discusses how professional virtue can best be seen as a subset of Aristotle's ethical virtues. He uses the example of professional engineering virtues to make his case, further emphasizing the role of professional self-awareness in developing a flourishing and successful professional career.
-Stovall states that the ___________ of a profession is that which uniquely specifies it as the profession it is.

• A) ethics
• B) status
• C) function
• D) education

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Definitions:

Allocative Efficiency

A state in which resources are allocated in a way that maximizes the overall utility or welfare of society, ensuring that every good or service is produced up to the point where the last unit provides a benefit to consumers equal to the cost of producing it.

Productive Efficiency

A situation where an economy or entity is operating in such a way that it cannot produce more of one good without decreasing the production of another good.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus value created by a firm.

Excess Capacity

A situation where a firm or industry has more production resources available than is necessary to produce the current level of output, often indicating inefficiency.