Examlex
The open-end aspect of mutual funds is ________; that is, investors invest funds directly in or withdraw funds from the mutual fund. The open-end aspect of ETFs is ________ in that the investors buy the ETF in a closed-end manner like closed-end funds and then the authorized participant ________ between the ETF and the underlying portfolio, providing the indirect open-end aspect of the ETF.
Moral Realism
is the philosophical viewpoint that moral truths exist independently of human knowledge or perception, and that these truths are objective.
Moral Development
The process through which individuals develop the ability to differentiate right from wrong and to adopt ethical behavior.
Postconventional Reasoning
A level of moral reasoning in which individuals make judgments based on abstract principles and the consideration of ethical fairness.
Kohlberg
Refers to Lawrence Kohlberg, a psychologist known for his theory of moral development stages.
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