Adoption of Which of the Following Ethical Approaches Is Most

question 15

Multiple Choice

Adoption of which of the following ethical approaches is most likely to cause a company to use tools such as cost-benefit analysis and risk assessment to weigh all of the social benefits and costs of a business action?

• A)Naive immoralism
• B)Friedman doctrine
• C)Ethnocentrism
• D)Utilitarianism
• E)Righteous moralism

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Definitions:

Curve Shift

A movement of a demand or supply curve to the left or right, indicating a change in some economic factor other than price.

Exchange Rate

The price of one currency in terms of another, determining how much of one currency can be exchanged for another.

Net Exports

The value of a country's total exports minus its total imports; it represents the net amount of goods and services exported to other countries.

Net Capital Outflow

The differential between citizens buying foreign assets and non-citizens purchasing assets within the country.