Identify and define the approaches to deciding ethical dilemmas.
What will be an ideal response?
The four approaches are utilitarian, individual, moral-rights, and justice. The utilitarian approach seeks to maximize the greatest good for the greatest number of people. The individual approach is guided by what will result in the individual's best long-term interests. The moral-rights approach is focused on respecting the fundamental rights of human beings. The justice approach is guided by impartial standards of fairness and equity.
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Under a checkoff provision, a person must be a union member before being hired.
Answer the following statement true (T) or false (F)
The standard error of the estimate is used as a measure of the accuracy of the predictions in regression; it is analogous to the standard error of the mean, used in estimating a population mean from a sample
Indicate whether the statement is true or false
Which of the following statements about retailers and retailing activities is true?
A) Wholesalers cannot generate revenue through retailing. B) Retailers generate most of their revenue through selling to institutions. C) Retailers sell products to consumers for nonbusiness use. D) About half of all U.S. workers are employed by retailers. E) Retailers sell only to businesses.
Nadia works for a major soda distributor. The company decides to buy a transportation company to move its product from its own manufacturing facility to the consumer. This is an example of a(n) ________ vertical marketing system.
A. corporate B. intermediated C. administered D. contractual E. private