In the Seven-Step Decision-Making Model, What Is the First Step

question 5

Multiple Choice

In the seven-step decision-making model, what is the first step that should be taken?

• A) Determine the exact ethical issue involved.
• B) Determine the rules, laws, principles, or values are involved.
• C) Determine all the facts of the situation.
• D) List all possible courses of action.

---

Definitions:

Monthly Payment

A fixed amount of money paid at regular monthly intervals for a service or to repay a loan.

Amortization Period

The length of time it takes to pay off a debt or loan in full through regular payments.

Compounded Quarterly

The process of calculating and adding interest to the principal sum of a deposit or loan every three months.

Outstanding Balance

The total amount of money that is still owed on a loan or a line of credit that has yet to be paid.