A Quick Insight Independent of Any Reasoning Process of Right

question 22

Multiple Choice

A quick insight independent of any reasoning process of right and wrong is known as:

• A) ethical sensitivity
• B) ethical judgment
• C) ethical intuition
• D) all of the above
• E) none of the above

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Definitions:

Bundles

Combinations of goods or services sold as a single package, often at a discounted rate compared to purchasing each item separately.

Indifferent

A state of having no preference between two or more alternatives, reflected in decision-making and consumer choice theory.

Marginal Rate

The marginal rate typically refers to the rate at which the next dollar of taxable income is taxed.

Substitution

The economic principle that as the price of a good or service increases, consumers are likely to replace it with a cheaper alternative.