The Ethical Decision Approach That Requires Persons to Be Guided

question 160

Multiple Choice

The ethical decision approach that requires persons to be guided by standards of equity, fairness and impartiality is the:

• A) moral-rights approach.
• B) individualism approach.
• C) utilitarian approach.
• D) justice approach.
• E) discretionary responsibility.

---

Definitions:

Opportunity Cost

Opportunity cost represents the value of the best alternative that is foregone when making a choice, highlighting the trade-offs involved in any decision.

Loads of Laundry

Quantity of laundry being washed and dried in a single operation or cycle.

Opportunity Cost

The cost of forgoing the next best alternative when a choice is made, representing the benefits one misses out on.

Comparative Advantage

The ability of an individual or entity to produce a good or service at a lower opportunity cost than others.