Why is the casuist approach criticized?
a) It shortcuts the application of principles in favor of conceptions of responsibility that may be inconsistent with moral standards.
b) It leaves no room for interpretation in different situations.
c) It cannot be molded to suit individual cases.
d) It does not take the decision maker's self-interest into account.
Answer: a) It shortcuts the application of principles in favor of conceptions of responsibility that may be inconsistent with moral standards.
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Which of the following lists investment strategies in order from lowest risk to highest risk?
A) investing for growth < buying and holding < market timing < investing for income < value investing B) buying and holding < investing for income < investing for growth < value investing < market timing C) value investing < investing for income < investing for growth < market timing < buying and holding D) buying and holding < investing for growth < investing for income < value investing < market timing E) investing for income < buying and holding < value investing < investing for growth < market timing
Which of the data provided in the table is a sunk cost?
Indium Services, Inc., is considering replacing a machine. The following data are available: Replacement Old Machine Machine Original cost $630,000 $490,000 Useful life in years 10 5 Current age in years 5 0 Book value $350,000 — Disposal value now $112,000 — Disposal value in 5 years 0 0 Annual cash operating costs $98,000 $56,000 A) the annual cash operating costs of the old machine B) the annual cash operating costs of the replacement machine C) the disposal value of the old machine D) the original cost of the old machine