Suppose Your Company Is Thinking About How It Can Improve

question 76

Multiple Choice

Suppose your company is thinking about how it can improve employee benefits. The company feels its policies will set the standard for how other companies will handle salary and health benefit issues, so it wants to ensure its employees receive the best treatment possible. From this viewpoint, the company is taking the ________ approach to ethics.

• A) common good
• B) fairness
• C) rights
• D) utilitarian

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Definitions:

Demand Curve

A chart that illustrates the connection between a good's price and the amount that consumers want to purchase.

Consumer Surplus

The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.

Welfare Economics

The study of how the allocation of resources affects economic well-being.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.