Which of the Following Is Most Likely to Be a Function

question 78

Multiple Choice

Which of the following is most likely to be a function of ethics officers in firms?

• A)Auditing decisions to make sure they are consistent with the company's moral principles
• B)Identifying the ethical principles followed by competing companies
• C)Ensuring that the economic interests of stakeholders is given prime importance
• D)Training managers to avoid moral imagination and veil of ignorance
• E)Informing external stakeholders about the moral intent of a decision

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Definitions:

Free Markets

An economic system in which prices are determined by unrestricted competition between privately owned businesses, without government intervention.

Efficiency

The optimal allocation of resources to produce the maximum amount of goods and services, with the least waste of resources.

Pareto Optimality

Pareto Optimality is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Income Distribution

Income Distribution refers to the way in which total income is shared among the members of a society.