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Some Entrepreneurs Find New Solutions to Old Problems and Develop

question 43

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Some entrepreneurs find new solutions to old problems and develop new products that people didn't even realize they needed. What are they said to have?


Definitions:

Categorical Imperative

The categorical imperative is a central concept in Kantian ethics that proposes an action is morally right if it can be universally applied as a principle governing behavior.

Ethical Position

A stance or perspective regarding what is right and wrong, guiding conduct and decision making, especially relevant in fields like research, medicine, and business.

Veil of Ignorance

A philosophical concept that suggests making decisions with a hypothetical lack of information about one's identity to ensure fairness and objectivity.

Informed Consent Document

A written document that explains the details of a study to participants, including its purpose, duration, required procedures, and risks, ensuring participants' understanding and voluntary participation.

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