According to This Ethical Perspective, It Is the Results of One's

question 19

Multiple Choice

According to this ethical perspective, it is the results of one's actions that determine what is moral and good.

• A) Ethical formalism
• B) Ethical utilitarianism
• C) Ethical relativism
• D) Egoism

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Definitions:

Average Costs

The total cost of production divided by the number of goods produced, often used to assess cost efficiency.

Government Franchises

Government franchises are rights or licenses granted by the government to entities, allowing them to operate specific services or activities under regulation.

Perfect Knowledge

A theoretical concept where all consumers and producers have complete and instantaneous information about all aspects of the market.

Differentiation

Differentiation is a strategy used by businesses to distinguish their products or services from those of competitors, often through unique features, quality, or branding.