Which of the Following Is Not a Test of an Ethical

question 36

Multiple Choice

Which of the following is not a test of an ethical business decision as suggested by the Institute of Business Ethics?

• A)Would I want others to do to me what I am doing to them?
• B)Do I mind others knowing what I have done?
• C)Who does my decision affect or hurt?
• D)Would my decision be considered fair by those affected?

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Definitions:

Excess Fair Value

The amount by which the fair value of an asset exceeds its carrying value on the balance sheet, often recognized in business combinations or asset revaluations.

Franchise Contract

A legal agreement granting an individual or group the rights to market a company’s products or services in a specific territory.

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after inter-company transactions have been eliminated.

Noncontrolling Interests

A portion of equity in a subsidiary not held by the parent company, representing the minority ownership's share of the subsidiary's net assets and income.