Which of the Following Statements Is True of Stage 5

question 9

Multiple Choice

Which of the following statements is true of stage 5 of postconventional level of moral development?

• A)It relies on universal ethical principles, such as individual dignity, justice, and reciprocity.
• B)If a law is seen as unjust or contradicts the right of the individual, it is wrong to obey it.
• C)Moral judgments are derived from conventional standards, not from personal values.
• D)It is recognized that many rights have great value and should not be violated.

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Definitions:

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operations is used, instead of being derived from the income statement.

Cost of Goods Sold

The expenses directly tied to the manufacturing of the products a company sells, including labor and materials.

Accounts Payable

Represents the amount a company owes to its suppliers or creditors for goods and services received but not yet paid for.

Operating Activities

The day-to-day actions a company takes through its production, sales of goods, or provision of services, as reflected in its cash flow.