The Perceived Relevance or Importance of an Ethical Issue to the Individual

question 39

Multiple Choice

The perceived relevance or importance of an ethical issue to the individual, work group, or organization is

• A)organizational culture.
• B)immediate job context.
• C)ethical issue intensity.
• D)leadership.
• E)locus of control.

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Water-Diamond Paradox

The water-diamond paradox questions why diamonds are more valuable than water, despite water being essential for life and diamonds not, illustrating subjective value in economics.

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.