If You Were Preparing for an Ethical Challenge in Your

question 164

Essay

If you were preparing for an ethical challenge in your business career, explain how you would prepare using the pattern Captain Sollenberger discussed.

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Definitions:

Face Value

The nominal or dollar value printed on a bond, bill, or other financial instrument, indicating its worth at maturity.

Premium

Fee for insurance coverage, usually paid every year by the insured person. The difference between a bond’s par value and its market value when the market value is more. When bonds are sold at a premium, the yield rate will be lower than the stated (face) rate.

Discount

A fee charged when someone buys a note before maturity. With regard to bonds, a bond sells at a discount if the market value becomes less than the face value.

Premium Price

A pricing strategy where goods or services are sold at a higher price point due to perceived advantages, often related to quality or status.