Knowledge Workers

question 41

Multiple Choice

Knowledge workers

• A) handle day-to-day operations within an organization.
• B) make tactical decisions.
• C) advise middle managers
• D) make routine decisions.
• E) are generalists

Explore the interplay between law and business ethics in shaping business decisions.

Acknowledge various ethical theories and their impact on business decisions including consequentialism, utilitarianism, and absolutism.

Understand the role of environmental concerns in business ethics and decision-making.

Identify key factors that contribute to ethical business practices and corporate citizenship.

---

Definitions:

Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Consumer Surplus

The discrepancy between the amount consumers are prepared to spend on a product or service and the actual price they pay.

Consumer Surplus

The gulf between the aggregate amount consumers are willing to allocate for a good or service and what they actually end up paying.

Producer Surplus

The variance between the minimum amount producers are prepared to take for a product and the actual payment they get.