Businesspeople Who Adhere to a Consequential Theory of Ethics Look

question 42

True/False

Businesspeople who adhere to a consequential theory of ethics look at the actions of a business or any other societal unit only in terms of whether the results can be rationalized.

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Definitions:

Bond Issuance

The process through which an issuer creates a financial obligation (bond) that must be repaid to investors at a later date.

Straight-Line Amortization

A method of allocating the cost of an intangible asset evenly over its useful life.

Fiscal Year

A fiscal year is a 12-month period used for accounting purposes and preparing financial statements, differing from a calendar year.

Bonds Payable

A liability account in a company's balance sheet representing the amount it owes on issued bonds that have not yet been repaid.