Which of the Following Ethical Principles Tries to Optimize the "Common

question 73

Multiple Choice

Which of the following ethical principles tries to optimize the "common good" or benefits of all constituencies?

• A) Secularism and philanthropy
• B) Rights of the parties
• C) Justice or fairness
• D) Utilitarian ethics
• E) Self-reference frame

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Definitions:

Demand Schedule

A diagram indicating the volume of goods or services that consumers can and will buy at assorted prices.

Marginal Cost

The investment needed to make an extra unit of a good or service.

Average Cost

A measure of the total cost of production divided by the number of units produced, used to calculate the cost per unit.

Industry Demand

The total demand for the products or services provided by a specific industry, represented as the sum of individual demands within a market.