Michaela Is Using the Ethics Resource Center's Decision-Making Process to Resolve

question 95

Multiple Choice

Michaela is using the Ethics Resource Center's decision-making process to resolve an ethical dilemma. She has identified all the solutions to her problem. What is Michaela's next step?

• A) Choose a solution as quickly as possible, as time is of the essence.
• B) Evaluate each of the identified alternatives.
• C) Choose an "obvious" solution that has been used in the past.
• D) Discard any "off-the-wall" solutions.

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Definitions:

Discount Rate

The rate of interest applied to calculate the current value of future cash flows.

Cash Flows

The sum total of cash and assets similar to cash that shift into and out of a commercial establishment.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Mortgage

A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.