Why Should an Administrator Study Ethics

question 22

Short Answer

Why should an administrator study ethics?

Recognize the impact of landmark Supreme Court rulings on civil rights and equality.

Identify legislation and Supreme Court decisions that have shaped affirmative action policies.

Grasp the significance of the Voting Rights Act and subsequent amendments to the voting rights landscape.

Understand the role and impact of the Fair Housing Act of 1968.

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Definitions:

Economy's Growth

The increase in the market value of the goods and services produced by an economy over time, typically measured as the percentage increase in real gross domestic product (GDP).

Total Output

The complete quantity of goods or services produced by a firm or within an economy during a given period.

Purely Competitive

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production.