A Customer Has Ordered Goods with a Value of $800

question 20

Multiple Choice

A customer has ordered goods with a value of $800. The production cost is $600. Under what conditions should you extend credit if there is no possibility of repeat orders?

• A) If the probability of payment exceeds 0.67
• B) If the probability of payment exceeds 0.80
• C) If the probability of payment exceeds 0.75
• D) If the probability of payment exceeds 0.90

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Definitions:

Conventional Moral Reasoning

A phase in the evolution of moral understanding where people base their decisions on the norms of society and what other people anticipate from them.

Autonomous Morality

A stage of moral development where individuals recognize the flexibility of rules and base their judgments on intentions and consequences.

Morality of Cooperation

Ethical principles that emphasize working together for mutual benefit and upholding social harmony.

Contextual Influences

The impact of environmental, social, and situational factors on individuals' behavior and decisions.