Underlying Any Economic Environment Is Technology Which Affects

question 61

Multiple Choice

Underlying any economic environment is technology which affects:

• A) how the economy's resources are converted to output.
• B) how quickly technological developments lead to new consumer protection laws.
• C) how competitors react to each other.
• D) how aggressive competitors are in planning new marketing strategies.
• E) how fast consumer attitudes change.

---

Definitions:

Self-Defense

The act of defending oneself, one's property, or close associates from physical harm or danger using reasonable force.

Deontology

An ethical theory that suggests actions should be judged moral or immoral based on rules, regardless of the outcomes those actions produce.

Framework For Ethics

A set of principles designed to guide the decision-making process by establishing standards of right and wrong.

Ethical Issue

A dilemma or situation that requires a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).