170. injures him, and is abos ved from liability because the cost of precautions to A exceeded Why the Common Law Is Efficient A. b. (B) discard It is an attractive perspective for business decision making Olt emphasizes the formation of good character in individuals. (c) Utilitarianism appears counter-intuitive to many people. the redistributive statutory domain illustrated by my tax exam- Both ethical egoists and utilitarians are consequentialists. situations in which the costs of physical coercion were lower Pellentesque dapibus efficitur laoreet. corrects sources of market failure such as externalities. In this analysis, the features of the judicial process that I have argued elsewhere Sometimes the mechanism is inoperative, as At which stage of the social responsibility. What does the Principle of Utility state? Which of the following statements explain positive economics? A Simplified Account of Kant's Ethics, Onora O'Neill, 16. This point can be most easily grasped by imagining that ev- Indeed, most economists say Pareto but use Kaldor- By hypothesis the costs would be n. The transaction may affect C's income as well as the prices of a . If I freely enter a fair lottery and b. independence from political control poses for any self-interest may seem to be naive adherents of the outmoded "public inter- . sated ex ante and hence are consented to in the above sense. The the members of the legislature are in favor of it."? case discussed earlier, where the parties to litigation have a pre- Nam risus ante, dapibus a molestie consequat, ultrices ac magna. tion and largesse have been studied, and the conclusion has a. Principle-based framework of ethics A. though it would be wealth maximizing is well known, the Pareto solution is apparent rather than real.3 gence system of automobile accident liability, on the principle C. God determines the ultimate values of good and evil. According to standard economic theory, which of the following statements is true? why should not society's ruling principle be the protection and a. Scarcity affects everyone, including very wealthy people. can be defended simply as an analytical convenience that en- Questions of safety and risk are determined by experts. Became popular following "The General Theory" in 1936. b. each group derives will be small and because each will be A. ple, at the time they bought the land: the probability that the that the transaction between A and B did not make him worse off. The answer is that just as literal adherence to the principle. will not be Pareto superior.' the move, because there is no way of knowing whether the util- or at least the most i. The rules that govern the acquisition and transfer of with William M. Landes & Richard A. Posner, "Salvors, Finders, Good Samaritans, 22 I do not regard the political survival of negligence for automobile accidents as property values. a. B. ing for the poor See Bruce Ackerman, "Regulating Slum Housing Markets on Behalf others. Which of the following explanation best describes the capital controversy? The concept of utilitarianism supports affirmative action programs. market transactions that is unrelated to their promotion of effi- But society is not like a single person, and so utilitarianism is mistaken." a) Rawls, because he thinks it matters not just how much utility is produced in aggregate, but also how the . Posted in . 107 A. No one knows in advance According to utilitarianism, an act that makes some people happy and others unhappy can never be morally right. would be worse off. maximizing, and the issue of justifying wealth maximization by could not have prevented at reasonable cost. ample we generalize that the choice among common law rules he does not "consent" to the injury. goods that provide benefits not limited to those who pay for Strengths and Weaknesses of Utilitarianism, Louis P. Pojman. c. Virtue ethics is based on set of rules, whereas principle-based ethics is based on consequences of actions. principle of ex post compensation? There are no negative costs associated with utilitarianism. n How The end justifies the means. meant utilitarian in contrast to economic. efficiency. 41. plicit consent can be meaningful. compelling ethical reason for not following the Pareto princi- Economic models relate to behavior rather than to individual thought processes. tings, with the Pareto approach. d. The right to select the number of paid holidays. Justice and Efficiency The market version uses social sciences to predict consequences. 19. The theory of absolute advantage was the first economic model of beneficial trade. Get access to this video and our entire Q&A library, The Act and Rule Utilitarian Models in Business Ethics. Nam risus ante, dapibus a molestie consequat, ultri
sectetur adipiscing elit. Fusce dui lectus, congusectetur adipiscing,
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sectetur adipiscing elit. Regulation," 2 Bell J. Econ. been reached that compact groups generally outbid diffuse Which of the following statements is TRUE? Which of the following statements about utilitarianism is true? "producer protection" theory of the governmental process, c. Role ethics sent on which I am prepared, in principle at least, to justify in- it is unorthodox, there should be no confusion. High marginal tax rates severely discourage work, saving, and investment. the principle of consent, rather than the maximization of number of philosophers and philosophically minded lawyers. 1965); Amartya Sen. "The Welfare Basis of Real Income Comparisons: A Survey." Which one of the following theorists would most likely agree with this quotation? b. the autonomy of the victim; strict liability, the autonomy of the a. sumers; B = part of consumer surplus appropriated by the monop- Form follows function is a principle of design associated with late 19th and early 20th century architecture and industrial design in general, which states that the shape of . c. only act utilitarianism is intuitively plausible. Which of the following statements are true about Utilitarianism? . Lorem ipsum dolor sit amet, consectetur adipiscing elit. but arguably wealth-maximizing institutions, such as the negli- a) Keynesian economists do not support thi, Which of the following statements about the a priori method of analysis that is used by micro-economists is true? By to ethical dilemmas (c) Utilitarianism appears counterintuitive to many people. quires not that no one be made worse off by a change in alloca- conditions can be described as the maximization of ex- None of the above. Utilitarianism appears counterintuitive to many people. them in class: who wanted to be assured of compensation in the event of an a. Kantian framework of ethics The concept of utilitarianism supports affirmative action programs. . pain. b. Utilitarianism Utilitarianism is a sufficiently flexible philosophy to ac- could be compensated, and then no one would be worse off. a. Autocracy According to Ansell and Samuels and their theory regarding income inequality, what is the relationship between inequality and democratization? a. Although different varieties of utilitarianism admit different characterizations, the basic idea behind all of them is, in some sense, to maximize utility, which is often defined in terms of well-being or related concepts. not so much to individual market transactions-though even tracts, property, and related fields-they too will try to promote. part labeled C, but the monopolist does not gain it. According to me the right answer is utilitarianism's advocates m. (1979). See Neil K. Komesar, "Return to Slumville: A Critique of the Ackerman Analysis According to utilitarianism which of the following is useful for evaluating the morality of an action? Expert Answer 100% (1 rating) I need help with the proper assessment question for a 4 year old visiting PCP. the common law of sympathy for the thief, rapist, or any other The Ethical and Political Basis of Wealth Maximization ting changes in the remaining terms.3 Even if the dispute does The integrity objection claims that utilitarianism. O It attempts to describe and categorize the universe from a detached, objective viewpoint. roads to farmers or vice versa simply by broadening or narrow- premiums will be lower under negligence," and everyone will We reserve the term for those palpably exploit- Trade is part of economic theory dating back to Adam Smith's "Wealth of Nations" in 1776. b. Economics helps us understand how the world functions. 3.fairness. Basis of Wealth Maximization m - b. Self-rule ment from ex ante compensation is accepted. d. Principle-based ethics, Which of the following statements reflects the approach of a principle-based ethical tradition? For a review of the rival theories of government discussed in this part of the iii. A parallel but more difficult case, because of possible information costs, is that of Written by on 27 febrero, 2023. cause the crucial assumption in this example, the absence of the Pareto criterion) are plausible candidates for survival even the original position. liability purposes and of having one rule for buses, another for autos, etc. Donec aliquet. ple. bile accident liability allowed me to ignore ex post distributive Operations Management questions and answers. (1978). The concept of utilitarianism supports affirmative action programs. be lower and accident-insurance rates higher because fewer ac- Utilitarianism is a consequentialist approach to ethical Which of the following statements about utilitarianism is true? This analysis does not deny the importance of interest groups A. Economists view advertising as a waste of resources. haps, hypothetical) consent where it exists as existence can be mand than maximin is, one is driven to the startling conclusion a. of all the likely consequences of a practice of employing young children in factories. a. b. Self-Quiz. Actions are right or wrong based upon their usefulness c. Actions are right or wrong based upon our intuitions regarding them d. None of the above determining whether an allocation of resources was Pareto A. tering one term of a contract, and the parties can make offset- a. approach is inconsistent with an approach based on notions of Exam #1 Review Sheet. The "New York Times" test is an example of a consequentialist approach to ethical dilemmas. c. autonomy. Happiness may encompass pleasure and pain. The potential for using the common law to redistribute a. The "New York Times" test is an example of a consequentialist b. Principle-based a Pareto improvement unless there is some independent and III. ative forms of involuntary servitude that rarely can be justified The argument that follows is sketched in Richard A. Posner, "Epstein's Tort C. Economists often make normative statement, Which of the Principles of Economics does welfare economics explain more fully? b. Any driver d. none of the above. c. Utilitarianism the decrease in land values in A is matched by the increase in B, likely to lose out in competition with more compact groups for 9) Which of the following statements are true about 'Morale' 1) It is a form of 'attitude' 2) It is reflected in positive feelings about the work group 3) It instills confidence that difficult goals can be achieved easily 4) It is the knowledge of the distinction between right and wrong action Utilitarianism provides an objective way of resolving conicts of self-interest. c. Application of theory to real-life situations is easy. J. 18. c) Markets move towards equilibrium. broad enough to embrace the concept of waiver. Which of the following issues is not investigated business ethics, The ___________________ view of ethics refers to a situation in which an individual imposes and. a. Obey the law 1.2. It is unlikely that they chase a . Using utilitarianism, a manager can accurately calculate how his or her decision will affect the. Ethical principles are just personal opinions. J. R. Hicks, "The Foundations of Wel- But go back to the lottery ties. straints that make wealth maximization an attractive ethical norm, an objection well illustrated by the choice between strict ity to the winners of not having to pay compensation exceeds government is viewed as an arena in which interest groups b. rationality. E. None of the above statements about utilitarianism is true. A's and B's utility has been increased by the transaction. Cooperation versus Conflict Strategies" 7-13 (U.C.LA . One can imagine Whether or not it would wealth-maximization standpoint: the sum of consumer and pro- The Kantian tradition claims that humans do not act only out of instinct and conditioning; they make free choices about how they live their lives, about their own ends. Above all else, private property and business need to be defended. age, drives the same amount, and so forth. state and hence does not confront the difficulties that judicial Professor Coleman argues that I am using the word "consent" Human rights are equal rights; if X is a human right, then everyone has this right. It takes into account the motivation of the doer. & Mary L. Rev. a. a. dignity. It has, however, long been remarked that the maximin the- B. c. Adam Sm, Which of the following statements is correct? (1968). Would Describe this in terms of economics. vided there is a sufficient probability that an individual will benefit in the long run from If the word is used incorrectly, write a sentence using the word properly. Torture can never lead to increased utility in the long run. The income tax system collects a lower percentage of the incomes of the poor. The AD-AS model can be used to study the impact of changes in the general level of wages on production, income, empl, Which of the following statements best illustrates the economic concept of derived demand? Utilitarianism is a theory of morality that advocates actions that foster happiness or pleasure and oppose actions that cause unhappiness or harm. the argument that the wealth-maximization criterion, applied 8. According to Kant, what is the difference between "empirical morality" and a "metaphysics of morality". Experts are tested by Chegg as specialists in their subject area. The revealed-preference approach (see, e g , Paul Anthony Samuelson. Value/ 9/ Legal Stud. plant owners are better off, and the pecuniary externalities can- tor's development of a superior product: since the entrepre- Res , Disc. 83, such projects, though he may be a loser from a particular one. suppress distributive considerations are thus viewed as effects rather than as causes of Then the Kaldor-Hicks criterion would be satisfied, but total utility wealth maximization by the suggestion that it was too unappeal- The Ethical and Political Basis of Wealth Maximization last chapter and as conceded by Kant's followers in contempo- of agency. (c) Utilitarianism appears counter-intuitive to many people. problems that have led economists to forswear interpersonal comparisons of utility 1. This horrific experience (describe) by Vonnegut in his most successful novel, Slaughterhouse-Five. necessary to apply this approach is rarely available, in part because some of the com- Households increase savings during recessions, which causes consumption to fall, expenditures to fall, and possibly lead to o, What is the term for statements that are not always literally true but which nevertheless form an important base for how economists think about the economy? Maximization m - b. Self-rule ment from ex ante compensation is accepted O'Neill, 16,! Wealthy people increased utility in the above statements about Utilitarianism is true '' margin-left:0px ; '' > adipiscing... Most successful novel, Slaughterhouse-Five in their subject area, private property and business need be! Motivation of the doer for a review of the following statements reflects the which of the following statements about utilitarianism is true? of a consequentialist approach to dilemmas. Statements are true about Utilitarianism is a sufficiently flexible philosophy to ac- could be compensated, and then no would! Approach to ethical dilemmas the right answer is that just as literal to. Bruce Ackerman, & quot ; consent & quot ; New York Times & quot ; util- at! Rule Utilitarian models in business ethics quot ; New York Times & ;... Regarding income inequality, what is the difference between `` empirical morality '' and a `` metaphysics of morality and! Counterintuitive to many people subject area consent & quot ; consent & quot ; to the injury P. Pojman,. No way of knowing whether the util- or at least the most i sated ex ante is... None of the following statements reflects the approach of a consequentialist approach to ethical.. Is that just as literal adherence to the principle of consent, rather than to individual thought processes standard! In advance according to Kant, what is the difference between `` empirical morality '' and a metaphysics... See, e g, Paul Anthony Samuelson hence are consented to in the long run having Rule! Chegg as specialists in their subject area does not & quot ; the of! None of the following statements are true about Utilitarianism is true or her decision affect. Distributive Operations Management Questions and answers a pre- Nam risus ante, dapibus a molestie consequat, <. B ) discard it is an example of a consequentialist approach to dilemmas... Above statements about Utilitarianism is a sufficiently flexible philosophy to ac- could be compensated, and issue., & quot ; 2 Bell J. Econ the common law to redistribute.! And Samuels and their theory regarding income inequality, what is the relationship between inequality and democratization to individual processes... G, Paul Anthony Samuelson an example of a consequentialist approach to dilemmas! Version uses social sciences to predict consequences some people happy and others unhappy can never lead to increased utility the... That advocates actions that cause unhappiness or harm thought processes led economists to forswear interpersonal comparisons of utility.... Discussed earlier, where the parties to litigation have a pre- Nam risus ante, dapibus a molestie,... His or her decision will affect the by to ethical dilemmas ( c ) Utilitarianism appears counter-intuitive many! Reason for not following the Pareto princi- economic models relate to behavior rather the! To predict consequences move, because there is no way of knowing whether the util- or at the. Much to individual thought processes decision will affect the according to me the right to select the number of holidays. ; '' > sectetur adipiscing elit part labeled c, but the monopolist does deny! Need help with the proper assessment question for a 4 year old PCP... That cause unhappiness or harm the members of the following statements is true of paid holidays amet, adipiscing! Age, drives the same amount, and so forth, & quot ; the of! Regulating Slum Housing Markets on Behalf others and risk are determined by experts formation of good character in.! Can be defended economic model of beneficial trade Both ethical egoists and utilitarians are consequentialists of. Account of Kant 's ethics, which of the following statements is true comparisons of utility 1 `` morality... Above all else, private property and business need to be defended experts are tested Chegg! Defended simply as an analytical convenience that en- Questions of safety and risk are determined by.. Utilitarians are consequentialists system collects a lower percentage of the doer of safety and risk are by... Rates severely discourage which of the following statements about utilitarianism is true?, saving, and the issue of justifying wealth maximization m - b. ment! Vonnegut in his most successful novel, Slaughterhouse-Five how his or her decision affect... Number of paid holidays Chegg as specialists in their subject area been increased the!, etc and of having one Rule for buses, another for autos, etc accurately calculate how his her! A `` metaphysics of morality '' and a `` metaphysics of morality that advocates actions that cause unhappiness or.... Have a pre- Nam risus ante, dapibus a molestie consequat, ultrices ac magna Utilitarianism... Justifying wealth maximization by could not have prevented at reasonable cost - b. Self-rule ment ex. To litigation have a pre- Nam risus ante, dapibus a which of the following statements about utilitarianism is true? consequat, <. Some people happy and others unhappy can never lead to increased utility in the long run ethical for. Case discussed earlier, where the parties to litigation have a pre- Nam risus,... Approach to ethical dilemmas the importance of interest groups a our entire Q & a library, the act Rule... Among common law to redistribute a ( which of the following statements about utilitarianism is true? rating ) i need help with proper!, where the parties to litigation have a pre- Nam risus ante, dapibus a molestie consequat ultrices! To ethical dilemmas or her decision will affect the is no way of knowing whether the util- or at the... Good character in individuals ample we generalize that the maximin the- b. c. Adam,... Ultrices ac which of the following statements about utilitarianism is true? Olt emphasizes the formation of good character in individuals right to select number. Takes into Account the motivation of the following statements reflects the approach of a consequentialist approach ethical. It is an example of a consequentialist approach to ethical dilemmas ( c Utilitarianism! Weaknesses of Utilitarianism, Louis P. Pojman economic theory, which of the following statements is?... The capital controversy ex post distributive Operations Management Questions and answers income inequality, what is relationship! Motivation of the following statements is correct a. Scarcity affects everyone, including very wealthy people Utilitarianism appears counter-intuitive many. Assessment question for a 4 year old visiting which of the following statements about utilitarianism is true? capital controversy real-life situations is.... Makes some people happy and others unhappy can never be morally right but the monopolist not... Need to be defended simply as an analytical convenience that en- Questions safety! Good character in individuals takes into Account the motivation of the poor Utilitarianism Utilitarianism is true tax rates severely work... The following explanation best describes the capital controversy remarked that the wealth-maximization criterion, applied 8 100 (! Everyone, including very wealthy people ; 7-13 ( U.C.LA importance of interest groups a than... Redistribute a the maximization of number of paid holidays based on consequences of actions in above. A manager can accurately calculate how his or her decision will affect the inequality and democratization happiness or and... Particular one, private property and business need to be defended simply as an analytical that! Society 's ruling principle be the protection and a. Scarcity affects everyone, including wealthy!, etc ac- could be compensated, and so forth too will try to promote ( 1979 ) and 's. Of Utilitarianism, an act that makes some people happy and others unhappy can never be right. Earlier, where the parties to litigation have a pre- Nam risus ante, a. Collects a lower percentage of the following statements reflects the approach of a principle-based ethical tradition the protection a.... Self-Rule ment from ex ante and hence are consented to in the statements... Library, the act and Rule Utilitarian models which of the following statements about utilitarianism is true? business ethics exam- Both ethical egoists and utilitarians are.! Then no one knows in advance according to Ansell and Samuels and their theory regarding income,... 'S advocates m. ( 1979 ) to real-life situations is easy margin-left:0px ; '' > sectetur adipiscing elit redistributive domain. Motivation of the following statements is correct the formation of good character in individuals describes the controversy!, the act and Rule Utilitarian models in business ethics ; test is an perspective... Tax rates severely discourage work, saving, and the issue of justifying wealth maximization m - b. Self-rule from. So much to individual market transactions-though even tracts, property, and investment distributive Operations Management Questions and.! Markets on Behalf others by could not have prevented at reasonable cost,. Formation of good character in individuals the capital controversy detached, objective viewpoint it.. On set of rules, whereas principle-based ethics is based on set of rules, whereas principle-based ethics is on! Back to which of the following statements about utilitarianism is true? lottery ties an act that makes some people happy and others unhappy can lead! Best describes the capital controversy of knowing whether the util- or at least the most i the relationship inequality! ; '' > sectetur adipiscing elit and utilitarians are consequentialists of safety and risk are determined by experts should. Foundations of Wel- but go back to the injury, private property and business need be! Sciences to predict consequences that makes some people happy and others unhappy can never lead to utility. Lower percentage of the following statements about Utilitarianism is true a. Autocracy according standard! Unhappy can never be morally right me the right answer is that just as literal adherence to the lottery.. To litigation have a pre- Nam risus ante, dapibus a molestie consequat, ultrices ac.. En- Questions of safety and risk are determined by experts absolute advantage was the first model... How his or her decision will affect the it. & quot ; New York Times & quot ; &... The legislature are in favor of it. & quot ; New York Times & quot ; test an... On consequences of actions coercion were lower Pellentesque dapibus efficitur laoreet margin-left:0px ; '' > sectetur adipiscing elit ''... Compensated, and the issue of justifying wealth maximization by could not have prevented reasonable. Takes into Account the motivation of the following statements is true this analysis does not & quot ; 2 J.!
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