Which of the Following Is Not One of the Three

question 47

Multiple Choice

Which of the following is not one of the three main ethical principles outlined in the Belmont Report?

• A) The Common Rule
• B) Respect for Persons
• C) Beneficence
• D) Justice

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Definitions:

Funds Efficiently

The effective and productive management of financial resources, ensuring the highest possible return or outcome with the least waste.

Economic Profit

This refers to the total revenue of a business minus its explicit and implicit costs, representing the true profitability after all costs are accounted for.

Entrepreneurship Reflects

Describes the act of initiating, designing, and running a new business, often seen as a solution to economic needs or as an opportunity for innovation.

Market Power

The ability of a firm that is not a pure monopolist to earn persistently large profits, indicating that it has some monopoly power. Because the firm has few (or weak) competitors, it has a degree of freedom from vigorous competition.