Which Ethical Principle States That, When Confronted with an Ethical

question 21

Multiple Choice

Which ethical principle states that, when confronted with an ethical dilemma, individuals should take the action that achieves the greater value for all of society?

• A) the Golden Rule
• B) Universalism
• C) the Collective Utilitarian principle
• D) the Social Contract rule

---

Definitions:

Monopsony Buyer

A market condition where there is only one buyer for many sellers, giving the buyer significant control over prices.

Marginal Expenditure

The increase in cost that arises when buying an added unit of a product or service.

Average Expenditure

The average amount spent per unit of a good or service.

Competitive Buyer

An individual or entity that purchases goods or services in a market where there is competition, aiming to obtain the best possible price and quality.