Examlex
A(n) ____ is a situation in which a failing business is permitted to lengthen the amount of time it has to meet its obligations with creditors.
Cognitive Moral Development
A theory that explains the stages through which an individual progresses as they make moral decisions, based on their cognitive understanding of right and wrong.
Kohlberg
Refers to Lawrence Kohlberg, a psychologist best known for his theory of stages of moral development.
Relativism
A philosophical position that claims that truth and morality are subjective and vary depending on culture or individual perspective.
Teleological Philosophies
Ethical theories that assess the morality of actions based on their outcomes or purposes rather than on the actions themselves.
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