The Scale of Technology Investment Required to Run a Business

question 9

True/False

The scale of technology investment required to run a business can act as a barrier to entry by discouraging new, smaller competitors.

Understand the principles and conceptual differences among major ethical philosophies including teleology, deontology, egoism, and utilitarianism.

Identify how individual sensitivity to ethical issues can vary according to their moral philosophy orientation.

Explain Kohlberg's model of cognitive moral development and its application to ethical decision-making.

Understand the concept of relativism and its criticisms.

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Definitions:

Family Needs

The basic and extended requirements for the wellbeing and functioning of family members, including emotional, financial, and educational support.

Psychological Contract

An unwritten agreement that sets out mutual expectations, obligations, and understanding about work between an employer and an employee, beyond the formal contract of employment.

High-Performance Results

Refers to outcomes that significantly exceed the standard or expected levels of output, efficiency, or effectiveness in a given area.

Quality of Work Life

A concept that involves the enhancement of work conditions, job satisfaction, and overall well-being of employees.