The Four Schools of Ethical Thought Discussed in the Chapter

question 28

Multiple Choice

The four schools of ethical thought discussed in the chapter (justice, virtues, rights and duties, utilitarianism) are examples of:

• A) Meta-ethics.
• B) Normative ethics.
• C) Applied ethics.
• D) Situational ethics.

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Definitions:

Underutilized

Refers to resources or capacities not being used to their full potential, often implying inefficiency or lost productivity.

Misleading Advertising

Promotional activities that intentionally or unintentionally deceive consumers about the virtues of a product or service.

Oligopolistic Market

A market structure characterized by a few firms dominating the market, where each firm is aware of the other's actions, often leading to competitive strategies.

Standardized

refers to making something conform to a standard, ensuring consistency and uniformity across different situations or applications.