The Dean of Your College Is Considering Hiring Another Economics

question 14

Multiple Choice

The dean of your college is considering hiring another economics professor.If the additional revenue that the college can earn from employing the professor exceeds the additional cost, the college should

• A)do nothing
• B)continue to study the issue
• C)hire the professor
• D)stop offering economics classes
• E)not hire the professor and lay off a professor already on the faculty

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Definitions:

Moral Code

A set of guiding principles or values that dictate what is considered right or wrong behavior within a society.

Ethical Behaviour

The practice of conducting oneself in accordance with recognized moral principles and standards, often guiding decision making and interactions.

Legal Behaviour

Actions that conform to the laws and regulations of a given society or community.

Ethical Conduct

Concerns the adherence to moral principles and values such as integrity, fairness, honesty, and respect in decision-making and actions.