IBH 1BC3: Fundamentals of Ethics
This branch of philosophy deals with questions of right and wrong conduct.
What is ethics?
This type of resource provides secondhand interpretation or analysis of primary sources.
What is a secondary source?
Question: This personality framework includes five major traits, often referred to as OCEAN.
What is the Five Factor Model?
This financial statement shows a company's revenue and expenses over a period of time.
What is the income statement?
The study of how individuals and societies allocate scarce resources is known as this.
What is economics?
This ethical theory suggests that actions are right if they are useful or benefit the majority.
What is utilitarianism?
This philosophical approach emphasizes skepticism and a systematic doubt about accepted beliefs.
What is skepticism?
This concept involves the positive or negative feelings about one's job.
What is job satisfaction?
This equation represents assets being equal to liabilities plus equity.
What is the accounting equation?
The market structure where one company dominates an industry is called.
What is a monopoly?
This theory of ethics asserts that moral principles are grounded in the commands of a divine being.
What is Divine Command Theory?
This is a brief, often superficial statement that conveys a general truth or piece of advice.
What is a platitude?
This process involves influencing others to achieve goals and can be described as autocratic or democratic.
What is leadership?
These are the resources owned by a company and used to generate revenue.
What are assets?
This term refers to the benefit or satisfaction gained from consuming one more unit of a good or service.
What is marginal utility?
This philosopher is known for his ethical theory of the "categorical imperative."
Who is Immanuel Kant?
This type of reasoning starts from a general statement and examines the possibilities to reach a specific, logical conclusion.
What is deductive reasoning?
This model explains that employees weigh their inputs against their outcomes to determine fairness.
What is equity theory?
This method of depreciation allocates the cost of an asset evenly over its useful life.
What is straight-line depreciation?
When demand for a good increases as income rises, it is known as this type of good.
What is a normal good?
This term describes the difference between right and wrong behavior.
What is morality?
This type of reasoning starts with specific observations and moves toward broader generalizations.
What is inductive reasoning?
This theory suggests that behaviours are learned through the consequences of actions, either reinforcement or punishment.
What is operant learning theory?
This principle requires companies to report expenses in the same period as the revenues they help to generate.
What is the matching principle?
This is the term for the total market value of all final goods and services produced within a country in a specific time period.
What is Gross Domestic Product (GDP)?