Reasons to Use the Golden Rule as an Ethical Principle

question 3

Multiple Choice

Reasons to use the Golden Rule as an ethical principle include all of the following except

• A) it is accepted by most people.
• B) it is a uniquely Christian principle.
• C) it is easy to understand.
• D) it is a win-win philosophy.

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Definitions:

Third Party

In contract law, a person who may, in some way, be affected by a contract but who is not one of the contracting parties. Also called outside party.

Due Diligence

Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or transaction with another party.

Registration Statement

A statement required by the Securities and Exchange Commission to indicate details about a business selling securities.

Cost of Repair Rule

A legal principle that allows a party suffering from property damage to recover the expenses necessary to restore the property to its pre-damage condition.