Why Is the Argument That "Anything Legal Is Ethical" Most

question 1

Multiple Choice

Why is the argument that "anything legal is ethical" most likely insufficient?

• A)Everything that is unethical is also illegal.
• B)The law is an extremely efficient way to solve ethical dilemmas.
• C)Laws are frequently based on imprecisely defined moral concepts.
• D)Laws can never be changed; thus, rules for all possible ethical dilemmas are found in the law.

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Definitions:

Fixed Manufacturing Overhead

The set costs associated with producing goods that do not change with the level of output, including salaries, rent, and insurance.

Net Operating Income

A financial metric that shows the profitability of a company's core business activities, excluding the effects of financing and investment income.

Segment Margin

The amount of profit or loss generated by a particular segment of a business, after accounting for traceable costs and expenses.

Traceable Fixed Expenses

Fixed costs that can be directly tied to a specific segment, department, or product, and would disappear if the segment, department, or product were eliminated.