Explain What Is Meant by the Intuition Ethic in Ethical

question 11

Essay

Explain what is meant by the intuition ethic in ethical decision-making and give a business example of the application of this concept.

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Definitions:

Non-Zero-Sum

In game theory, scenarios in which the total win or loss of all participants combined is not equal to zero, meaning one party's gain is not necessarily another's loss.

Distributive Situation

A scenario in negotiation or conflict resolution where parties vie for the division of limited resources.

Zero-Sum Situation

A scenario in negotiations or competitions where one party’s gain is exactly balanced by another party’s loss.

Positive Correlation

A relationship between two variables where they move in the same direction.