Define ethics. How is it different from social sciences such as psychology and sociology?
What will be an ideal response?
Ethics refers not only to an academic discipline, but to that arena of human life studied by this academic discipline, namely, how human beings should properly live their lives.
Philosophers often emphasize that ethics is normative, which means that it deals with our reasoning about how we should act. Social sciences such as psychology and sociology also examine human decision making and actions, but these sciences are descriptive rather than normative. They provide an account of how and why people do act the way they do; as a normative discipline, ethics seeks an account of how and why people should act a certain way, rather than how they do act.
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In terms of cost behavior, telephone expenses are often classified as
A) sunk costs. B) variable costs. C) fixed costs. D) mixed costs.
Large or extraordinary debt is defined as overpaying for an acquired firm.
Answer the following statement true (T) or false (F)
Non-negativity constraints belong to an integer programming model, but not necessarily to a linear programming model
a. True b. False
Answer the following statement(s) true (T) or false (F)
1. A code sheet is used to explain the meaning of variables in a dataset. 2. Conducting analyses when statistical assumptions are violated can invalidate the results of the analysis. 3. A statistician’s personal biases can lead to misinterpretation of results. 4. An independent-samples t-test could also be conducted by converting the IV into “1”s and “0”s and conducting a regression analysis. 5. The eight-step hypothesis testing process used in this book is an example of an exploratory approach to data analysis.