At the Time of His Death, Fred Held Some Notes

question 9

True/False

At the time of his death, Fred held some notes receivable for loans he made to his two daughters and the payment of which he forgives in his will. The amount to be included in Fred's gross estate as to these notes is not affected by his forgiveness.

---

Definitions:

Archie Carroll

A scholar notable for his work in corporate social responsibility, especially his pyramid model that outlines the responsibilities of businesses.

Ethical Decision-Making Principles

Guidelines or standards used to make choices that reflect moral and ethical values and integrity.

Immoral Manager

Chooses to behave unethically; an amoral manager fails to consider the ethics of a decision or behavior.

Effective Manager

A manager who achieves organizational goals efficiently and effectively through planning, organizing, leading, and controlling.