What Basic Flaw Do Critics Cite as the Major Problem

question 17

Multiple Choice

What basic flaw do critics cite as the major problem with using value ethics as a decision-making tool?

• A) The decision-making framework to too rigid.
• B) People in different walks of life would come to different decisions.
• C) Not all people are moral or use common sense.
• D) The past may not provide the right answer.
• E) The decision-making framework is difficult to understand.

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Definitions:

Net Operating Income

The income generated from a company's everyday business operations, indicating the profitability from core operations before interest and taxes.

Contribution Margin

The amount by which sales revenue exceeds variable costs of a product, used to cover fixed costs and generate profit.

Return On Investment

An evaluation metric employed to assess the effectiveness or financial gain of an investment, or to compare the effectiveness among several investments.

Manufacturing Cycle Efficiency

A metric that measures the efficiency of the manufacturing process by comparing value-added time to total throughput time.