Describe the Argument from Disaster Prevention, and Explain Why It

question 10

Essay

Describe the argument from disaster prevention, and explain why it is an objection to ethical absolutism. How might an absolutist reply to this argument? Do you find the argument convincing?

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Definitions:

Operating Activities

Activities that relate to the primary operations of a company, such as sales and production, and their effects on cash flow.

Fixed Asset Turnover Rate

A ratio that measures how efficiently a company uses its fixed assets to generate sales.

Total Asset Turnover Rate

A financial ratio that measures the efficiency of a company's use of its assets to generate sales, calculated as sales divided by total assets.

Net Fixed Assets

The value of a company's fixed assets minus depreciation, representing the actual usable value of physical assets.