The Notion of _____, an Ethical System, Is Similar to Adam

question 69

Multiple Choice

The notion of _____, an ethical system, is similar to Adam Smith's concept of the invisible hand in business.

• A) utilitarianism
• B) universalism
• C) egoism
• D) relativism
• E) virtue ethics

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Definitions:

Usage Rate

The frequency at which a consumer uses a product or service within a given time frame.

Loyalty

A strong feeling of support or allegiance, often seen in the context of brands or organizations as repeated purchases by consumers.

Organizational Market

The market composed of organizations, including businesses and governments, that purchase goods and services for operational needs, production, or resale.

North American Industry

Refers to the sectors and businesses operating within North America, which encompasses diverse industries such as manufacturing, technology, and services.