Question

In: Economics

Moral Agency is the self-awareness, freedom, and ability to make choices based on everyone’s differing opinions...

Moral Agency is the self-awareness, freedom, and ability to make choices based on everyone’s differing opinions and perceptions of right and wrong.

Question 2 options:

True
False

Question 3 (1 point)

Consumerism is:

Question 3 options:

A lifestyle characterized by the acquisition of goods and services.

A lifestyle characterized by the avoidance of goods and services

A lifestyle characterized by an emphasis on the greater good.

A lifestyle characterized by an emphasis on social behavior.

Question 4 (1 point)

_______________ relies on the theory that global wealth is static and, therefore, prosperity depends on accumulating it from others.

Question 4 options:

Capitalism

Mercantilism

Consumerism

Acculturation

Question 5 (1 point)

Businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior?

Question 5 options:

Humanistic Business Model

Moral Agency

Business Ethics

Code of Conduct

Question 6 (1 point)

The cultural transmission and socialization process that stems from cultural exchange is called

Question 6 options:

Consumerism

Acculturation

Globalization

Culture

Question 7 (1 point)

As a function of culture, ethics is not static but changes with each new era.

Question 7 options:

True
False

Question 8 (1 point)

Which intellectual, emotional, and social human trait affects all decision-making, including ethical decisions?

Question 8 options:

Humanistic Business Model

Moral Agency

Business Ethics

Bias

Question 9 (1 point)

Unfortunately, the emphasis on consumerism leads to the problem of:

Question 9 options:

Diminishing marginal utility

Diminishing supply chains

Diminishing demand

Increasing marginal utility

Question 10 (1 point)

Ethical principles that apply everywhere despite differences in time, geography, and culture are referred to as

Question 10 options:

Bias

Codes of Conduct

Universal Values

Personal Ethics

Solutions

Expert Solution

3) :-A is right answer ,Consumerism is a lifestyle characterized by the acquisition of goods and service.

Consumerism is state that progressively greater level of consumption is benefit to the consumer.

4) :-B is righ option Mercantilism relies on the theory that global wealth is static and, therefore, prosperity depends on accumulating it from others.

Mercantilism

The ultimate objective of economic policy is to promote the power of the state. "The profit of one is the loss of another".
Trade is basically a "zero-sum" game.
Trade surplus can help to increase wealth, and therefore the power of nation. "Balance of trade is balance of power".
Power consists of men and money. Men are needed as workers and soldiers; money is needed to pay for armies and navies, to finance the government, to pay for extravagant courts.
Economic prosperity depends on high quantity and rapid circulation of money.

5) :- A is right option,

humanistic business model is state that Businesses that wish to achieve the dual goal of human flourishing and responsible profits should model which ethical behavior

6) :- B is right option Acculturation refers specifically to the cultural transmission and socialization process that stems from cultural exchange

Acculturation is defined as culture change that results from continuous, firsthand contact between two distinct cultural groups.

FORMS OF ACCULTURATION isd epends on the voluntariness and mobility involved in the contact.

7) :- true is right option. As a function of culture, ethics is not static but changes with each new era.

For example in ethical shift technology is deriving force .

8) :- bias is intellectual, emotional, and social human trait affects all decision-making, including ethical decisions.

Bias is A systematic error in design or conduct of study that leads to an incorrect estimate of association.

Source of Bias are as follows

• It Can be caused by investigator or study participants during design or conduct of study.
• It Can occur in experimental, cohort, and case-control studies.
Not inherent characteristic of the study population.
All studies have some bias.


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