Utility: Utility is a microeconomic term that reflects a consumer's benefit or satisfaction from consuming one unit of a specific commodity or...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
If we were to use the law to decide what is unethical or ethical in business ethics, how would we define or describe what is ethical? a. We would use positive law, which says if an act is legal it is moral. b. We would the utilitarian theory. c. We would ...
Four types of theoretical strategies are proposed (win-win, win-lose, lose-win and lose-lose), which define the social-ecological and economic thresholds that determine the provision of ES and biodiversity in the long term. The evidence of the win-lose strategy occurs when ...
Give an example scenario to explain the utilitarian approach to moral decision-making. Explain the meaning of 'ethical behavior'. a. Define the following ethical theory: relativism b. Give an ethical example of the theory. What is meant by morality is absolute? What are ethical issues? What ...
Discuss the different types of utilitarian approaches. also, explain their advantages and limitation. a. What are the different types of reliability? b. What are their pros and cons and how can they complement each other? What are the benefits and drawbacks of self-serving bias? Also, ...
A material providing utilitarian benefits to people or acting as an asset, thereby adding value to their lives is called a resource. Resources can be defined in economic or biological terms. The economic definition refers to the monetary benefits along with various goods and services while the ...
What are the limitations to the code of ethics? It is not important to be ethical with peers. Can you name something that is legal but unethical...and something illegal but ethical What is an unethical situation? What is the utilitarian view on bribery? Define procedural justice. Define desc...
Explain difference between the effects of tariff and quota. Explain the utilitarian view. Explain the price effect. Describe the effects of quotas. Define and describe the Heckscher-Ohlin Model. What does eternality environment mean? Explain and give an example. Explain two ways crowding out may ...
Explain the benefit of microbial diversity in our environments. How does modern fishing practices affect biodiversity? Identifying how inherent and utilitarian views of biodiversity relate to issues with GMOs. What is ecology and why is it important? Explain the basic principles of ...
Teleological Ethics: Teleological ethics are related to the term of consequentialism, which was originally coined by G.E.M Anscombe in an essay called "Modern Moral Philosophy". Particularly, this essay potentiated the development of teleological ethics when Anscombe wanted...