Ultimately, Ethical Choices Are Based on

question 146

Multiple Choice

Ultimately, ethical choices are based on

• A) the personal moral philosophy of the decision maker.
• B) societal culture and norms.
• C) business culture and industry practices.
• D) laws enacted by Congress and regulations by federal and state governments.
• E) chance and opportunity.

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Definitions:

Market Exit

The process of a company or business stopping operations or leaving a specific market or industry.

Concentration Ratio

The share of industry output in sales or employment accounted for by the top firms.

Industry Output

The total production or quantity of goods and services produced within a specific industry over a given period.

Top Firms

The leading or most successful companies in a particular industry or sector based on criteria like revenue, innovation, market share, or profitability.