James Thinks That He Should Not Consider the Needs or Interests

question 65

Multiple Choice

James thinks that he should not consider the needs or interests of others before making ethical decisions.On Kaler's scale of gradations of self-interest and morality,James would be considered ______.

• A) ultra-moral
• B) ordinarily moral
• C) quasi-moral
• D) quasi-egoism
• E) egoism

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Definitions:

Production Cost

The total expenses incurred in the manufacture of a product or the delivery of a service, including raw materials, labor, and overhead expenses.

Economic Profits

Profits that exceed the opportunity costs of all inputs, reflecting earnings beyond the next best alternative.

Economic Profits

The discrepancy between overall income and all expenses, encompassing both direct and hidden costs.

Resource Allocation

The process of distributing available resources among various competing needs or projects in order to maximize overall efficiency or achieve a desired outcome.