A Public Good,such as a Community's Emergency Warning Sirens,typically _____

question 172

Multiple Choice

A public good,such as a community's emergency warning sirens,typically _____

• A)imposes benefits on only a few individuals but imposes costs on many people.
• B)imposes both benefits and costs on relatively few individuals.
• C)imposes benefits on many individuals but imposes costs on relatively few people.
• D)imposes both benefits and costs on many individuals.
• E)imposes costs on individuals only when logrolling is prevalent in the government.

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Definitions:

Business Ethics

The study and examination of moral and ethical principles in the business environment, focusing on the conduct of individuals and entire organizations.

Moral Values

Principles and beliefs concerning what is right and wrong, guiding individual and societal behavior towards ethical decisions.

Standards Of Conduct

Established guidelines and principles expected to be followed by individuals within an organization or a profession, ensuring ethical and responsible behavior.

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.