Duty-Based Ethics Is Based in the Idea That Every Business

question 9

True/False

Duty-based ethics is based in the idea that every business has certain duties to others.

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Definitions:

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee and make major decisions regarding the company's affairs.

Market Value

Market value is the current price at which an asset or service can be bought or sold in the open market.

Sufficient Cash

A condition where a company has enough liquid funds to meet its immediate and short-term obligations.

Cumulative Preferred Stock

Cumulative Preferred Stock is a type of preferred stock where dividends accumulate if not paid in a given year, prioritizing these dividends over common stock dividends in future payments.