Some Actions, Such as Stealing Food During a Famine, May

question 267

True/False

Some actions, such as stealing food during a famine, may be illegal yet considered by some people to be ethical.

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Definitions:

Computer Software

Programs and operating information used by a computer to perform specific tasks or functions.

Medallion

A distinctive badge or emblem typically made of metal, granted as a mark of honor or authenticity.

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is not chosen in order to pursue a certain action.

Implicit Cost

The opportunity cost associated with a firm's use of resources that it owns, which do not have a direct monetary payment but could generate income if deployed elsewhere.