The ___________ States That an Ethical Decision Should Maximize Benefits

question 52

Multiple Choice

The ___________ states that an ethical decision should maximize benefits to society and minimize harms.

• A) principle of value
• B) theory of cost-benefit analysis
• C) principle of efficacy
• D) principle of utility

Understand the impact of device format on the organization and presentation of business messages.

Apply principles of paragraph development in business writing contexts.

Learn to incorporate transitions effectively to enhance coherence and readability in business documents.

Grasp how to effectively organize email message elements including subject lines for mobile viewing.

---

Definitions:

Consumer Preferences

The inclination or tendency of consumers to favor certain products, brands, or services over others, based on factors like price, quality, convenience, and personal tastes.

Newspaper Dispensing

A method or machine used for distributing newspapers to consumers, often requiring payment for each paper dispensed.

Diminishing Marginal Utility

The economic principle stating that as a person increases consumption of a product, there is a decline in the additional satisfaction or utility that person derives from consuming one more unit of the product.

Increasing Opportunity Costs

The principle that the cost of forgoing the next best alternative increases as one allocates more resources to a certain activity.