Use the Following to Answer Questions

question 3

Multiple Choice

Use the following to answer questions
Figure: Determining Surplus
-(Figure: Determining Surplus) In the graph,which shape represents consumer surplus?

• A) the triangle hjk
• B) the line hij
• C) the line hi
• D) the triangle hik

Grasp the concept of moral development and its stages according to Kohlberg.

Recognize the ethical responsibilities of businesses towards stakeholders other than shareholders.

Understand the relationship between legal acts and morality.

Define ethics and distinguish it from legal standards.

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Definitions:

Punishment

A process by which a consequence immediately follows a behavior which decreases the future likelihood of that behavior occurring.

Effectiveness

The degree to which something is successful in producing a desired result; the ability of a thing or action to achieve its intended outcome.

Learning Process

refers to the methods or pathway through which individuals acquire new knowledge, behaviors, skills, values, or preferences.

Negative Reinforcement

A method in behavioral psychology where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or stimulus.