A group of 10 people have the following annual incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000, $24,000, $16,000. Calculate the share of total income that each quintile receives from this income distribution. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution?
Business Law 205 January 20- 27, 2016 2 Ways of Ethical Thinking: 1. Result Oriented Thinkers/ Teleological Thinkers a. Start at the result and work backwards b. Egoists i. Satisfies self interest ii. Acts morally if it benefits them more c. Utilitarians i. Satisfies a group interest 2. Deontological thinkers a. Act out a sense of duty without regard to result b. Goodwill thinkers i. i.e. boy scouts returning money they found on the street c. Primaficia obligation i. Two duties must be fulfilled but there is conflict between them- you must identify the most important
