Some Employers Emphasize the Rights and Duties of All Employees

question 31

Multiple Choice

Some employers emphasize the rights and duties of all employees, and treat employees well simply because "it is the right thing to do." Identify the ethical approach for this perspective.

• A)Prescriptive ethics
• B)Utilitarianism
• C)Deontological ethics
• D)Classicism

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Definitions:

Economic Rent

Income derived from the ownership or control of a scarce resource, exceeding the income that would cause the resource to be brought into use.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource.

Marginal Revenue Product

Marginal revenue product is the additional revenue generated from the use of one more unit of a variable input, holding other inputs constant.

Productive

The ability to produce a substantial amount of goods or services, or doing so efficiently.