In Western Culture, the Basic Principles Shared by Ethical Schools

question 17

Multiple Choice

In Western culture, the basic principles shared by ethical schools of thought are:

• A) information rights, property rights, and public safety and welfare.
• B) responsibility, liability, and accountability.
• C) ubiquity, global reach, and privacy.
• D) the Golden Rule and Universalism.

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Definitions:

Fixed Costs

Expenses that do not change with the amount of goods or services produced, such as rent, salaries, or insurance.

Variable Cost

Costs that change in proportion to the goods or services that a business produces.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment by summing the present values of all cash inflows and outflows associated with the investment.

Tax Credit

A direct reduction of the tax liability, not merely a reduction of taxable income.