A Manager May Think It Is Wrong to Terminate a Person

question 54

Multiple Choice

A manager may think it is wrong to terminate a person whose spouse has a terminal illness because a company has an absolute obligation to support its employees when they are vulnerable.With which ethical theory is the business manager acting consistently?

• A)Rule utilitarianism
• B)Deontology
• C)Ethical fundamentalism
• D)Act utilitarianism
• E)Ethical relativism

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Definitions:

Demand Function

A mathematical equation that describes the relationship between the quantity of a good demanded and its price, along with other factors like income and price of related goods.

Consumer's Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.

Mead

A fermented beverage made from honey, water, and sometimes various fruits, spices, grains, or hops.

Utility Function

A mathematical representation in economics that shows the relationship between the total utility derived from consuming a good or service and its quantity.