Virtue Ethics Is the Normative Theory According to Which Actions

question 83

True/False

Virtue ethics is the normative theory according to which actions and people are to be evaluated in terms of character traits that contribute to making someone an excellent person.

---

Definitions:

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the amount by which sales can drop before reaching a loss.

Break-even Point

The point at which total cost and total revenue are equal, resulting in neither profit nor loss.

Break-even Sales

The amount of revenue required to cover total costs, both fixed and variable, at which point a business neither makes a profit nor suffers a loss.

Variable Cost

Overheads that move in sync with the volume of manufacturing or sales, covering labor and material costs.