Examlex
According to MacIntyre's theory of virtue ethics, what principle helps the decision maker arrive at a decision?
Social Cost
The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.
Profit Maximizing
Profit maximizing is the process by which a firm determines the price and output level that returns the greatest profit.
Objective Approach
A method of decision-making or evaluation based on factual evidence and without the influence of personal feelings or biases.
Balanced Discussion
A conversation or dialogue that presents multiple perspectives in an unbiased and even-handed manner.
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