The Decision to Relocate the Factory to Mexico Was Difficult,but

question 21

Multiple Choice

The decision to relocate the factory to Mexico was difficult,but the shareholders overwhelmingly agreed with the move.The production manager and the other managerial staff were all offered comparable positions in Canada,but the production workers themselves were laid off.The manager argued that managerial staff should be treated differently than the production employees.The manager's decision violated the principle of ___________.

• A) self-interest
• B) personal virtues
• C) economic efficiency
• D) utilitarian
• E) universal rule ethic

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Definitions:

Grape Harvest

The process of collecting grapes from the vineyards, usually seasonal and significant for wine production.

Peanut Butter

A spread made from ground, dry-roasted peanuts, often mixed with ingredients like salt, sweeteners, or emulsifiers.

Income Elasticity

A metric assessing the responsiveness of a product's demand to fluctuations in consumer incomes.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, in contrast to normal goods, where demand increases with rising income.