Which ethical approach is illustrated by Option 2?
A. egoism
B. utilitarianism
C. relativism
D. virtue ethics
E. universalism
Ans: C. relativism
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An MNC expects to sell fixed assets it utilizes in Europe in the distant future. In order to hedge the sale of these assets in the distant future, the MNC could create a(n) ____ that ____ the expected value of the assets in the future.
a. asset; matches b. asset; exceeds c. liability; matches d. liability; is less than
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A) Alternative 2 may have a higher expected utility. B) Alternative 1 may have a lower expected opportunity loss. C) The probabilities are not known. D) A rational decision maker could not possibly choose alternative 2. E) None of the above