If Regulators of the Local Gas and Water Utility Companies

question 170

Multiple Choice

If regulators of the local gas and water utility companies require those firms to price their service at marginal cost

• A) there would be a deadweight loss in their markets.
• B) the firms might require a tax-financed subsidy to survive.
• C) their customers would enjoy no consumer surplus.
• D) None of the above answers are correct.

Understand the concept of ethics and its significance in personal and professional contexts.

Differentiate between various views on ethics, such as utilitarian, moral-rights, and individualism.

Recognize the importance of values, both personal and organizational, in ethical decision-making.

Identify the relationship between ethical perspectives and business practices.

---

Definitions:

Sacred Spirits

Refers to divine or supernatural beings that are considered holy or revered in various religious and spiritual beliefs.

Religious Ceremonies

Formal and ritualistic acts of worship which are conducted to express or affirm spiritual or religious beliefs and ideas.

Living

Pertaining to the activities, conditions, and resources necessary for individuals to maintain their life and wellbeing.

Metal Tools

Hand tools or implements made primarily of metal, used for various purposes including construction, repair, and shaping materials.