These Steps in Ethical Decision Making Occur in Which Order

question 41

Multiple Choice

These steps in ethical decision making occur in which order?
1 Objectively considering the well-being of others and society
2 Working towards ongoing improvement of personal and organisational ethics
3 Clarifying and applying ethical values when choosing a course of action
4 Identifying ethical problems as they arise

• A) 4, 1, 3, 2
• B) 1, 2, 3, 4
• C) 4, 3, 2, 1
• D) 2, 3, 1, 4

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Definitions:

Finance Charge

A fee representing the cost of credit or the cost of borrowing money, including interest and other related charges.

Car Loan

A financial agreement in which a lender provides funds to a borrower for the purpose of purchasing a vehicle, to be repaid with interest over a set period.

FICO Score

A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.

Interest

A fee paid on borrowed assets, usually calculated as a percentage of the principal.