What Are the Ethical Theories That Consider the Most Important

question 10

Multiple Choice

What are the ethical theories that consider the most important moral obligation to be maximization of positive outcomes and minimization of negative outcomes?

• A) deontological theories
• B) consequentialist theories
• C) utilitarian theories
• D) classical theories

Understand the concept of social psychology and the impact of social influences on human behavior.

Recognize the natural human tendency to seek information and support from others.

Appreciate the significance of consumer psychology in determining value from purchases.

Describe the relative advantages of human sensory organs compared to other animals.

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Definitions:

Breach

The act of violating a law, duty, or agreement, which can result in legal consequences or termination of the contract.

General Rules of Contract

Fundamental principles that govern the formation, interpretation, and enforcement of contractual agreements.

Capacity

The legal capability to understand the terms of a contract and to be held accountable for its obligations, or the maximum output or production ability of a facility.

Agency Relationship

A fiduciary relationship where one party (the agent) acts on behalf of another (the principal) in dealing with third parties.