Leon Is Asked Whether a Person Should Steal Food If

question 161

Multiple Choice

Leon is asked whether a person should steal food if they are starving. Leon says no because it is against the law. Leon is in Kohlberg's conventional moral reasoning level, in the stage called _____.

• A) might makes right
• B) social contract
• C) law and order
• D) good girl and nice boy

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Definitions:

Municipal Bonds

Bonds issued by local, state, or county governments to finance public projects, typically offering tax-exempt interest payments.

Deferred Income Taxes

Tax liabilities that arise due to timing differences between the recognition of income and expenses in the financial statements and their recognition in the tax returns, deferred to future periods.

Life Insurance Proceeds

The amount of money paid out to the beneficiary of a life insurance policy upon the death of the insured or at the policy's maturity.

Deferred Tax Liability

An accounting term representing a tax obligation that a company owes but is allowed to pay at a future date.