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:

Type I Error

The incorrect rejection of a true null hypothesis, often called a "false positive."

Type II Error

A statistical error that occurs when a false null hypothesis is not rejected, also known as a "false negative" finding.

Two-Tailed Hypothesis

A form of statistical hypothesis testing where the alternative hypothesis specifies that the parameter of interest differs from the null hypothesis.

Population Mean

The average value of all the members of a set or population, denoting the central tendency.