Define the Basic Concepts of Responsibility,accountability,and Liability as Applied to Ethical

question 49

Essay

Define the basic concepts of responsibility,accountability,and liability as applied to ethical decisions.How are these concepts related?

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Definitions:

Poverty Threshold

The smallest income level considered essential for securing a satisfactory standard of living within a certain country.

Real Per Capita Income

Income per person, adjusted for inflation, reflecting the average income level of individuals within a country or region.

Bottom Quintile

Refers to the lowest fifth portion of a population sorted by income or wealth.

Economic Inequality

The unequal distribution of wealth, income, or economic resources among participants in an economy.