Psychologists Question How Individuals Develop Values That Guide Them in Ethical

question 26

Multiple Choice

Psychologists question how individuals develop values that guide them in ethical decision making. Which of the following reflects current thought on value development?

• A) Individuals move from a personal value system to a needs-based motivation.
• B) Value development is the same for all people regardless of culture.
• C) Value development is not influenced by economic status.
• D) When people are born, they have no values in place.
• E) Once developed, values cannot change.

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Definitions:

Industry

A group of companies that produce similar products or services and compete in the same market.

Diseconomies of Scale

Increases in cost per unit when output increases, resulting from factors such as management challenges, inefficiencies, and communication problems as firms grow larger.

Large-Scale Business

An enterprise or organization that operates on a significant scale, typically involving extensive operations, large numbers of employees, or substantial revenue.

Diseconomies of Scale

The phenomenon where production costs increase as a firm or industry grows, leading to reduced efficiency and higher per-unit costs.