A simple situation in which two parties come together and freely agree to an exchange is only prima facie ethically legitimate because:
A. certain conditions must be met before it can be concluded that autonomy has been respected and mutual benefit has been achieved.
B. it rejects the assumption that individuals are capable of pursuing their own ends.
C. it involves the consent of both parties involved and leaves no room for unethical acts.
D. research studies prove that a simple exchange does not involve unethical situations.
Answer: A
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Marshall retires from the partnership of Marshall, Mark, and Dennis. Marshall had a capital balance of $25,000. If Marshall received $25,000 as final settlement, how will this transaction affect the balance sheet items?
A) Cash will increase. B) Liabilities will increase. C) Liabilities will decrease. D) Equity will decrease.
Customer service as a(n) _____ function comes into play only when there has been a complaint
Fill in the blank(s) with correct word
The standard deduction amounts, based on the filing status of the taxpayer, are adjusted upward each year for inflation.
Answer the following statement true (T) or false (F)
The Kentucky Foam Products Company completed the flexible budget analysis for the second quarter, which is given below
Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Units 12,820 0 12,820 920 F 11,900 Sales Revenue $62,730 $1,270 U $64,000 $4,000 F $60,000 Variable Costs 27,600 700 U 26,900 $1,680 U 25,220 Contribution Margin $35,130 $1,970 U $37,100 $2,320 F $34,780 Fixed Costs 34,250 170 U 34,080 $0 34,080 Operating Income/(Loss) $880 $2,140 U $3,020 $2,320 F $700 Which of the following would be a correct analysis of the sales volume variance for variable costs? A) decrease in sales price per unit B) increase in variable cost per unit C) increase in sales volume D) increase in fixed costs