Examlex
An Internet Company has a chance to expand its business into a developing country. This chance would make money for its shareholders, as it would be the first Internet Company allowed in the country. However, the conditions demanded by the country is that the Internet Company must turn over to the government the history of Internet sites visited by its citizens. Additionally the Internet Company must also censor Internet sites requested through the search engine. In the United States and other countries, the Internet Company would not monitor, censor, or turn over a history of Internet sites to any government.
What should the Internet Company do? Use ethical theories and ethical decision making model to back up your decision.
Minimizes Losses
Strategies or actions taken to reduce the amount of money or resources that are wasted or not profitably used.
AVC
Average Variable Cost refers to the total of all variable expenses incurred, divided by the total number of units produced.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing the total financial gain of a business.
Monopolistically Competitive
A market structure characterized by many sellers offering differentiated products, allowing some degree of pricing power and market segmentation.
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