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Virtue ethics is often applied to medical practice. Physicians are expected to engage in behaviors that demonstrate excellence and virtue in their actions, which is called. __________
Normative Theories
Theoretical frameworks that prescribe how accounting processes should be conducted based on values, ethics, and ideal practices.
Deductive Reasoning
An approach to theory development that begins with a description of desired outcomes and leads to principles and, in turn, specific actions that should result in those desired outcomes.
Conceptual Framework
A system of interrelated objectives and fundamentals that guides the development of accounting standards.
Inductive Reasoning
An approach to theory development that begins with observations of practice and leads to inferences about principles, assumptions and objectives.
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