Ellis Plans to Start a Business Called Egg Smart,which Involves

question 122

Multiple Choice

Ellis plans to start a business called Egg Smart,which involves producing eggs for consumers at a low price.To accomplish this,Ellis decides to comply with only the minimum safety standards.Based on virtue ethics,what is the problem with Ellis's approach?

• A)It does not use a standard of values shared by most people.
• B)It does not go beyond the conventional rules of society.
• C)It does not take into account how other people view his approach.
• D)It does not determine if it will benefit more people than it harms.
• E)It does not ensure quick profits for the company.

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Definitions:

Incorporated Cooperative

A business entity recognized by law, composed of individuals who collaborate towards mutual economic, social, and cultural interests.

Business Trust

A legal arrangement in which trustees manage assets for the benefit of beneficiaries, often used in business for tax or estate planning.

Joint Stock Company

A business entity wherein the capital is divided into shares owned by its stockholders, who share the profits and liabilities.

Investment Group

A collective of individuals or entities that pool their resources to invest in various ventures or securities.