Portman, Who Runs a Computer Hardware Store, Had Signed a Contract

question 44

Multiple Choice

Portman, who runs a computer hardware store, had signed a contract with Stewie Inc.to deliver 125 computer monitors.He was to deliver it by the 5th of August, but by the 3rd of August, Portman could not arrange for the monitors, as his usual supplier was not available.Portman then decided to go to another supplier who had a higher selling price rather than cancel the contract with Stewie Inc.as he believed it was his duty to do so.What of the following moral theories matches Portman's behavior?

• A)Kantian ethics
• B)utilitarianism
• C)Rawls's social justice theory
• D)moral relativism

Discuss the role and importance of corporate governance mechanisms, including audit committees and proxy statements.

Grasp the principles of investor protection and responsibilities within the securities market.

Analyze the structure and impact of regulatory bodies on auditing and financial reporting standards.

Understand the basic principles of accounting and financial statements.

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Definitions:

Memory Loss

The inability to remember information or experiences, can be temporary or permanent, and is often a symptom of neurological issues.

Hopelessness

A feeling or state of despair where an individual perceives little or no optimism or possibility for improvement in a situation.

Severe Depression

A condition affecting mental well-being, defined by a constant feeling of sadness or a disinterest in daily activities, which substantially affects one's daily operations.

Self-Injurious Behavior

Acts performed by an individual that cause harm or damage to themselves, often as a coping mechanism to deal with emotional distress.