Most People Have Learned to Conform to Expectations of Good

question 5

Multiple Choice

Most people have learned to conform to expectations of good behavior expected by colleagues, family, friends, and society. They are in what stage of moral development?

• A) Preconventional
• B) Conventional
• C) Discretionary
• D) Principled
• E) Traditional

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Definitions:

Noncumulative

Pertaining to dividends, a feature allowing a company not to pay dividends in arrears to its shareholders.

Treasury Stock

Equities that were once sold to investors and later re-purchased by the entity that issued them, effectively reducing the quantity of stocks traded publicly.

Par Value

Par value is a nominal value assigned to a security, such as a stock or bond, at issuance, often used to determine legal capital or accounting value rather than market value.

Stock Dividend

A payment to shareholders in the form of additional shares of stock rather than cash.