When Making a Difficult Decision,Matthew Considers Whether His Response Is

question 79

Multiple Choice

When making a difficult decision,Matthew considers whether his response is true and fair.He also asks himself if the response will build goodwill and be beneficial to all concerned.It appears Matthew is using the ______ ethical approach.

• A) Golden Rule
• B) four-way test
• C) stakeholders' approach
• D) discernment and advice

---

Definitions:

Deflation

A decrease in the general price level of goods and services, often resulting in increased purchasing power of the currency.

Full Employment

An economic situation where all available labor resources are being used efficiently and there is no cyclical unemployment, implying a low, stable rate of unemployment.

Aggregate Supply

The aggregate output of goods and services generated inside an economy, measured at a specific price level over a designated time frame.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.