Systematic Rational Ethical Decision-Making Frameworks Can Help Management

question 33

Multiple Choice

Systematic rational ethical decision-making frameworks can help management:

• A) reveal the ethical dimensions of any decision being made
• B) justify unethical behaviors in the face of conflicting pressures
• C) explain why moral decisions are all relative
• D) all of the above
• E) none of the above

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of individuals increases, in contrast to normal goods.

Rational Consumer

An economic concept where consumers aim to maximize their utility or satisfaction from their available resources.

Demand for Good

The quantity of a particular good or service that consumers are willing and able to purchase at various prices during a specified time period.

Square Feet

A unit of area measurement equivalent to the area of a square with sides of one foot in length.