If Ethical Egoism Is True, Others Are Morally Obliged

question 13

Multiple Choice

If ethical egoism is true, others are morally obliged

• A) to promote our interests.
• B) to refrain from frustrating our interests.
• C) to frustrate our interests.
• D) None of the above

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Definitions:

Opportunity Cost

The expense incurred by not choosing the second-best option available during decision-making.

Product Costs

The total costs directly involved in manufacturing a product, including material, labor, and overhead expenses.

Period Costs

Expenses that are not directly tied to the production process and are typically accounted for as expenses in the period they are incurred.

Contribution Margin

The amount by which sales revenue exceeds variable costs, contributing to the coverage of fixed costs and profit generation.