Which of the Following Statements Regarding Ethics and Decision Making

question 13

Multiple Choice

Which of the following statements regarding ethics and decision making is true?

• A)An ethical framework is preferable but not essential in making good decisions.
• B)Ethical theories are preferable but not essential in making good decisions.
• C)In most cases decisions based on intuition and personal feelings will achieve better outcomes than those based on an ethical framework.
• D)Ethics is very complex.

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Definitions:

Price Elasticity

An indicator of the extent to which demand for a product reacts to alterations in its price, showing the degree of consumer sensitivity to price fluctuations.

Price-elastic

Describes a situation where the demand for a product is sensitive to price changes.

Home Entertainment System

An array of electronic devices set up in a home to reproduce the experience of watching movies or listening to music in a theater-like setting.

Quaker State Oil

A brand known for producing motor oil and other automotive lubricants and products, with a long history in the United States.