Focus Groups Can Be Used to Address Substantive Issues Such

question 23

True/False

Focus groups can be used to address substantive issues such as deciding on alternative courses of action.

Understand the basics of financial planning and its importance in the growth and sustainability of a business.

Analyze the impact of sales forecasts, net income, and growth rates on financial planning.

Determine the relationship between external financing needs, dividend policies, and sustainable growth rates.

Interpret and calculate key financial ratios crucial for financial planning including capital intensity ratio, retention ratio, and dividend payout ratio.

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Definitions:

Absolutism

A theory of ethics which requires that individuals defer to a set of rules to guide them in the ethical decision-making process. Whether an action is moral depends on whether it conforms to the given set of ethical rules.

Inflexible

Inflexible describes a lack or absence of flexibility; not open to change or adaptation.

Business Ethics

A field of study that examines moral principles and problems that arise in a business environment.

Situational Ethics

An ethical theory which holds that to evaluate the morality of an action, we must imagine ourselves in the position of the person facing the ethical dilemma and then, on that basis, determine whether that person’s action was ethical.