The Crux of Normative Ethics Is That These Disciplines

question 12

Multiple Choice

The crux of normative ethics is that these disciplines:

• A)presuppose some underlying values.
• B)describe what people do.
• C)should always involve the study or discipline of ethics.
• D)branch away from social ethics to personal ethics.

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Definitions:

Terms of Sale

The conditions and stipulations under which a sale is conducted, including payment, delivery, and warranty details.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market more efficiently than if there were multiple suppliers, due to high fixed or startup costs.

Investor Owned

Pertains to a business or entity that is privately owned by investors who seek to earn profits from the operation.