If Managers Use Moral Imagination to Determine Ethical Alternatives, the Decisions

question 9

Multiple Choice

If managers use moral imagination to determine ethical alternatives, the decisions need to be good for:

• A)The individual
• B)The firm
• C)Society
• D)All of the above
• E)(a)and (b)only

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Definitions:

Credit for Returns

Refunds issued to customers or credits applied against customer accounts for returned goods or services.

Discount Period

The timeframe in which a buyer can pay less than the full invoice amount due to taking advantage of a sales discount offered by the seller for early payment.

Full Settlement

This term refers to the complete payment or resolution of an outstanding debt, account, or contractual obligation.

FOB Shipping Point

A term used in shipping contracts to indicate that the seller is responsible for delivering goods to a shipping point, and the buyer is responsible for all costs and risks of loss or damage to goods from that point forward.