Which Statement Is True from an Ethical Perspective

question 8

Multiple Choice

Which statement is true from an ethical perspective?

• A) The argument for strict liability is basically utilitarian.
• B) Strict liability is identical with absolute liability.
• C) The concept of due care is identical with that of caveat emptor.
• D) The argument for due care is basically Kantian.

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Definitions:

Average Tax Rate

The portion of total income that is paid as tax, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.

Proportional Income Tax

A taxation system where the tax rate remains constant regardless of the amount of income.

Average Tax Rate

The percentage representation of total taxes paid in relation to the overall taxable income or expenditure.