The Focus of Descriptive Ethics Is on

question 1

Multiple Choice

The focus of descriptive ethics is on

• A) determining what should be done in a given situation.
• B) justifying a moral system of thinking and judging.
• C) learning what is occurring in the realm of moral behaviors and practices.
• D) learning how to justify one's chosen actions.

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Definitions:

Dividend Irrelevance

Dividend Irrelevance theory suggests that a company's dividend policy has no effect on either its value or its cost of capital, according to Modigliani and Miller.

Growth Created Value

The increase in value that a company achieves through the expansion of its operations or activities.

Future

Financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.

Clientele Effect

The theory that a company's stock price changes according to the demands and preferences of its existing shareholder base.