In This Reading Russell Argues That the Value of Philosophy

question 15

True/False

In this reading Russell argues that the value of philosophy is not in any ability to produce material goods ("philosophy bakes no bread") or arrive at definitive conclusions about the nature of reality. Its value comes from its effect on the lives of those who take it seriously. By studying the perennial questions of philosophy, we enhance our appreciation of what is possible, weaken the dogmatism that prevents exploration and speculation, and render the mind great through contemplation of the greatness of the universe.
-Russell believes that man is the measure of all things and truth is manmade.

Understand various ethical principles and their application in decision-making.

Identify the components of the UN Global Compact concerning human rights and labor.

Recognize the legal frameworks surrounding employment, including the at-will employment doctrine and exceptions to it.

Determine the ethical implications of business decisions on human rights and employee privacy.

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Definitions:

Power of Test

The probability that a statistical test will correctly reject a false null hypothesis, a measure of a test’s ability to detect an effect when there is one.

Specified Value

A particular or defined value, often set as a criterion or standard.

Null Hypothesis

A hypothesis in statistics that assumes there is no significant difference or effect and serves as the default assumption in a hypothesis test.

Significance Level

A threshold used in hypothesis testing to determine whether to reject the null hypothesis, typically expressed as a probability such as 0.05 or 5%.