The First Step of the Six-Step Process for Resolving Ethical

question 82

Multiple Choice

The first step of the six-step process for resolving ethical dilemmas is:

• A) identify the ethical issues.
• B) identify all parties potentially affected by the outcomes.
• C) obtain the relevant facts.
• D) identify the parties involved.

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Definitions:

Limited Liability Firm

A type of business entity where the owners' liability for debts is restricted to the amount they invested in the company, protecting personal assets from business liabilities.

Sole Proprietorship

A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.

Communist

A political and economic ideology advocating for a classless society, where property and resources are communally owned.

Socialist

Pertaining to a political and economic theory advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.