Imagine You Are Paying for Something at a Store and the Clerk

question 189

Multiple Choice

Imagine you are paying for something at a store and the clerk gives you too much change.If you are operating at the postconventional level of moral development, you are likely to

• A)buy candy with the money.
• B)give the money back because it will make the clerk very happy with you.
• C)keep the money because it will make you happy.
• D)give the money back because stealing violates the store owner's right to earn a living and can make human relationships distrustful.

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, typically with fixed dividends.

Tax Considerations

The factors concerning the tax implications of any financial decision, investment strategy, or transaction, which can affect the overall benefit or cost to an individual or business.

Risk Tolerance

An individual's or financial entity's capacity to endure loss or volatility in investment value while attempting to achieve investing goals.

Weighted Average Cost

A calculation that takes into account the various costs of goods based on their relative weights, to arrive at an average cost per unit.