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

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Definitions:

Discount Rate

The discount rate that adjusts future cash flows to their current worth, accounting for the time value of money.

Investment Required

The total amount of capital needed to start or expand a business or project, encompassing all necessary expenses.

Annual Cash Inflows

The total amount of money received by a business within one fiscal year from its operations, investments, and financing activities.

Salvage Value

The estimated residual value of an asset at the end of its useful life, considered for depreciation calculations.