______ Emphasizes the Effects of an Action,and If an Action

question 46

Short Answer

______ emphasizes the effects of an action,and if an action produces more beneficial effects than harmful effects,it is considered an ethical action.

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Definitions:

Corporation Act

A legal framework that governs the creation, operation, and dissolution of corporations, detailing the regulatory environment for corporations and their stakeholders.

Administrator's Role

A position involving the management and organization of a company or institution's affairs, often referring to duties in a legal or academic context.

Registered Liquidator

A qualified individual authorized to act in relation to the winding up of insolvent companies, managing the process of realizing assets, paying creditors, and distributing any remaining assets.

Voluntary Winding Up

A process initiated by a company's shareholders to close the company, selling off its assets to pay creditors and distributing any remaining assets to shareholders.