An Ethical Dilemma Arises When a Person Is Faced with a Situation

question 85

Multiple Choice

An ethical dilemma arises when a person is faced with a situation that requires a decision about the:

• A) most appropriate behaviour, but they have very few options available.
• B) most appropriate behaviour when there is a range of options available.
• C) most appropriate behaviour, but the available options require a trade-off of interests or ideals.
• D) least appropriate behaviour, but the available options require a trade-off of interests or ideals.

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Definitions:

Simple Interest

Interest calculated only on the principal amount of a loan or investment, rather than on previously earned interest.

Monthly Basis

pertaining to or calculated over the period of one month.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, designed to pay off the debt by the end of the term.

Effective Rate

The actual interest rate earned or paid on an investment, loan, or other financial product, accounting for the effect of compounding.