From a Stakeholder Point of View, Which of the Following

question 15

Multiple Choice

From a stakeholder point of view, which of the following must be satisfied for a decision to be considered ethical?

• A)The decision should demonstrate virtues reasonabley expected
• B)The decision should result in more benefits than costs
• C)The decision should not offend the rights of any other stakeholders
• D)The distribution of benefits and burdens should be fair
• E)All of the above must be satisfied for a decision to be considered ethical

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Definitions:

Similar Incomes

The scenario in which two or more entities earn incomes that are close in magnitude.

Progressive

A term often used to describe a tax system in which the tax rate increases as the taxable amount or income increases.

Tax System

The comprehensive set of laws and regulations governing the collection of taxes by the government from individuals and businesses.

Average Tax Rate

Total taxes paid divided by total income