This Theory of Normative Business Ethics Seeks to Create Value

question 10

Multiple Choice

This theory of normative business ethics seeks to create value for people in a manner that is just and nondiscriminatory.

• A) Stakeholder theory
• B) Investor theory
• C) Social contract theory
• D) Shareholder theory
• E) Stockholder theory

---

Definitions:

Productive Efficiency

A situation where the economy or a production system can no longer produce additional amounts of a good without lowering the production level of another product.

Severe Recession

An extended period of significant decline in economic activity across the economy, lasting more than a few months, characterized by high unemployment, low consumer spending, and decreased industrial production.

Depression

An extended period of significant decline in economic activity across a country or the global economy, marked by high unemployment rates, low consumer spending, and decreased industrial output.

Unemployment Rate

The portion of the workforce currently unemployed but actively searching for work opportunities.