The Utilitarian Procedure for Discerning the Morally Right Course of Action

question 6

Multiple Choice

The utilitarian procedure for discerning the morally right course of action is theoretically simple: determine which action __________.

• A) is socially acceptable
• B) is prudential
• C) accords with duty
• D) maximizes well-being

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Definitions:

Prospectus

A formal legal document that provides details about an investment offering to the public, often detailing the assets, risks, and objectives of the offering.

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for enforcing federal securities laws and regulating the securities industry.

Securities Act of 1934

A U.S. law enacted to regulate the secondary trading of securities (stocks, bonds, etc.), establishing rules and procedures to prevent fraud and manipulation.

Underwriting

Underwriters (investment bankers) purchase securities from the issuing company and resell them. Usually, a syndicate of investment bankers is organized behind a lead firm.