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A Manager May Think It Is Wrong to Terminate a Person

question 49

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A manager may think it is wrong to terminate a person whose spouse has a terminal illness because a company has an absolute obligation to support its employees when they are vulnerable. With which ethical theory is the business manager acting consistently?


Definitions:

Cash For Interest

A term that refers to the amount of cash a company pays for the interest on its outstanding debts.

Journal Entries

Records of financial transactions in the accounting system of a business, ensuring all changes in financial position are accurately reflected.

Insurance Policy

An agreement between an insurer and a policyholder that outlines coverage terms, conditions, and the duration the insurance coverage is in effect.

December 31

December 31 refers to the final day of the year in the Gregorian calendar, often associated with closing financial and business accounts for the year.

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