Development Is Believed to ____

question 19

Multiple Choice

Development is believed to ____.

• A)proceed gradually and smoothly over time
• B)be continuous in some aspects and discontinuous in others
• C)be discontinuous in underlying processes and continuous in their observable aspect
• D)proceed somewhat abruptly from one stage to the next

Explain the significance of corporate social responsibility and its expectations from stakeholders.

Analyze Adam Smith’s doctrine of natural liberty and its ethical implications.

Understand procedural and distributive justice and their importance in organizational fairness.

Describe different ethical theories and their approaches to determining right and wrong.

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Definitions:

Accounts Receivable Factor

A financial transaction where a company sells its accounts receivable to a third party (factor) at a discount, to obtain immediate cash.

Bad Debt Risk

The risk that money owed to a company by debtors will not be paid and thus become a bad debt.

Compensating Balance

A minimum account balance that a borrower must maintain as part of a condition for obtaining a loan.

Line of Credit

A flexible loan from a bank or financial institution that allows a borrower to draw and use funds up to a designated limit.