_________Refers to an Awareness of a Situation Involving an Ethical

question 18

Multiple Choice

_________refers to an awareness of a situation involving an ethical or moral dilemma.

• A) moral sensitivity
• B) moral judgment
• C) moral development
• D) moral character

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Definitions:

FASB

stands for the Financial Accounting Standards Board, which is responsible for establishing accounting and financial reporting standards in the United States.

Total Liabilities

The combined debts and obligations that a company owes to outside parties at any given time.

Total Assets

The sum of all assets, both current and noncurrent, owned by an entity, reflecting the total resources at its disposal.

Stockholders' Equity

The portion of the balance sheet that represents the equity or ownership interest of shareholders in a company.