The Basic Ethical Requirements for Any Study of Human Subjects

question 6

Multiple Choice

The basic ethical requirements for any study of human subjects are

• A) comparison, randomization, and replication.
• B) approval by a review board, informed consent, and confidentiality of data.
• C) subjects are anonymous, subjects are randomly chosen, and subjects cannot be harmed.
• D) data production, data analysis, and inference.

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Definitions:

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, without paying rent or purchasing them.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Accountants

Professionals responsible for managing and auditing financial records, ensuring accuracy and compliance with legal requirements.

Short Run

Describes a period in which some factors of production or inputs are fixed, limiting the ability of a business to fully adjust to market changes.