To Understand Ethics at Work, We Must Understand That People

question 19

Multiple Choice

To understand ethics at work, we must understand that people are socialized to accept _______.

• A) monetary compensation for different parties at work
• B) different behavior depending on the context
• C) relationship variations based on reward structure
• D) domineering personalities of supervisors at work

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits that could have been received if a different decision were made.

External Cost

An external cost, or negative externality, refers to a cost that a transaction or activity imposes on parties who are not involved in the transaction, such as pollution affecting non-participants.

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, often leading to an under-provision of a good or service.

Vaccination

A medical intervention that introduces a substance to stimulate the body's immune response against disease.