When Bob Was Calculating the Yearly Bonuses for His Employees

question 30

Multiple Choice

When Bob was calculating the yearly bonuses for his employees, he paid particular attention to the individual employee scores to ensure that they were based on performance and not favoritism.Which ethical rule was Bob following?

• A)practical
• B)moral scruples
• C)utilitarian
• D)justice
• E)moral rights

Understand the concept of externalities and how they affect social costs and benefits.

Calculate the social cost of producing goods in the presence of external costs.

Evaluate the effects of externalities on the efficiency of the market outcomes.

Identify and justify the use of taxes or subsidies to achieve social optimum.

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Definitions:

Ileostomy Pouch

A medical device attached to the body to collect waste from the digestive tract through an opening made during an ileostomy surgery.

Blood in Stool

The presence of visible or microscopic blood in feces, which can be a sign of various conditions, from minor issues to serious diseases.

Noxious Odour

An unpleasant or harmful smell often indicative of pollutants or chemical substances.

Cathartic

Having the effect of purging or cleansing, often related to the emotional release from expressing troubling emotions.