The _____ Is the Last One to Be Repaid When

question 51

Short Answer

The _____ is the last one to be repaid when a business or firm is liquidated.

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Definitions:

Ethical Standards

Guidelines or principles designed to govern behavior in a professional or personal setting, based on notions of right and wrong.

Ethical Dilemma

A situation where a person is faced with a decision that involves a conflict between moral imperatives.

Ethical Issue

A dilemma or situation that requires a choice between options that are or seem to be morally right or wrong.

Conflicting Principles

A situation where two or more ethical, legal, or moral guidelines are in opposition to each other, making decision-making complex.