A Choice Made by Comparing All Relevant Alternatives Systematically and Incrementally

question 203

Multiple Choice

A choice made by comparing all relevant alternatives systematically and incrementally is

• A) an opportunity cost.
• B) a choice on the margin.
• C) a benefit.
• D) a sunk cost.
• E) a choice made in the social interest.

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Definitions:

Whistle-Blowing Practices

Protocols and safeguards designed to encourage the reporting of misconduct, illegal, or unethical behavior within an organization.

Ethics Training Program

A structured educational approach designed to teach employees about the ethical principles and standards to be upheld within an organization.

Organizational Climate

The overall mood, atmosphere, or environment within an organization, affecting employees' motivation and performance.

Personal Virtue

A trait or quality deemed to be morally good or desirable in a person, such as honesty, integrity, or kindness.