You Decide to Emphasize the Ethical Criterion That Currently Dominates

question 26

Multiple Choice

You decide to emphasize the ethical criterion that currently dominates business decision making. Which criterion is this?

• A)utilitarian
• B)justice
• C)rights
• D)synectics
• E)moral development

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Definitions:

Economic Profit

The split between total revenue generation and total cost accrual, encompassing both declared and understood costs.

Long-Run Adjustments

Adjustments that firms make over a period where all inputs can be varied, and there are no fixed factors of production.

Industry Supply

The total output of a particular good or service that all producers in the market are willing and able to sell at a given price level, over a specific time period.

Short-Run Market Supply

The total quantity of a good or service that producers are willing and able to sell at various prices over a short period, where some production factors are fixed.