Asked by Erica Doherty on May 07, 2024
Verified
Optimization is defined as
A) the quality of being just, equitable, and impartial.
B) a trade-off between equity and efficiency.
C) an interchange of giving and receiving in social relationships.
D) how wealth or income is distributed between employees within a company.
E) a lack of integrity, incomplete disclosure, and an unwillingness to tell the truth.
Optimization
The process of making something as fully perfect, effective, or functional as possible, often by using mathematical models or algorithms.
Equity
Fairness or justice in the way people are treated, often considered in contexts like economics, law, and social issues.
Efficiency
The extent to which resources such as time, energy, or materials are used well to achieve desired results, minimizing waste.
- Discern the crucial role that truthfulness, integrity, and virtuous behavior play in the ethical practices of businesses.
Verified Answer
Learning Objectives
- Discern the crucial role that truthfulness, integrity, and virtuous behavior play in the ethical practices of businesses.
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