Profit Maximization Results in Ethical Conduct Because

question 10

Multiple Choice

Profit maximization results in ethical conduct because:

• A)it emphasizes the right to redistribute wealth in order to help the poor and disadvantaged.
• B)it requires society's members to act within the constraints of the law.
• C)it protects fundamental rights,unless some greater right takes precedence.
• D)it focuses on the decision or action itself,irrespective of what results it produces.

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Definitions:

Invention

The creation of a new product, process, or idea that did not exist before.

Technological Advance

The introduction of new technologies or the improvement of existing ones, leading to more efficient production processes or better products.

Invention

An invention is the creation of a new product, process, or idea that has not been made before, offering novel solutions to problems.

Innovation

The process of translating an idea or invention into a good or service that creates value or for which customers will pay.