When Consideration of the Various Ethical Approaches Results in Conflicting

question 43

Multiple Choice

When consideration of the various ethical approaches results in conflicting conclusions,the decision maker should:

• A) select one of the options randomly because all carry equal ethical certitude
• B) respect everyone and do what a virtuous person would do
• C) do nothing, because consensus has not been achieved
• D) all of the above
• E) none of the above

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Definitions:

Economic Structure

The classification of an economy based on various sectors, such as agriculture, manufacturing, and services, indicating the allocation of resources among these sectors.

Ownership Of Resources

The legal right or control individuals or entities have over natural, physical, or intellectual properties and resources.

Economic Activities

Activities that involve the production, distribution, and consumption of goods and services within an economy.

Absolute Advantage

The capability of a country or individual to produce more of a good or service with the same amount of resources as competitors.