Which of the Following Is a Good Guideline to Follow

question 36

Multiple Choice

Which of the following is a good guideline to follow when making ethical decisions?

• A) Examine the consequences and avoid examining the proposed procedures.
• B) Get feedback from a trusted friend before acting.
• C) Avoid thinking too far ahead to the consequences of how the decision will look when made public.
• D) Act quickly on your instinct before considering too many alternatives.

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Definitions:

Utility Function

A mathematical representation of a consumer's preference ranking over a set of goods or services, indicating satisfaction levels.

Units Of X

A generic term for measuring quantities of a variable or unspecified item, labeled as 'X'.

Exchanges Of X For Y

Transactions or trades where one good, service, or asset (X) is traded for another (Y).

Utility Function

An economic term describing how consumers rank different bundles of goods or levels of happiness.