According to the Universal Approach to Ethical Decision Making,managers Must

question 74

Multiple Choice

According to the universal approach to ethical decision making,managers must first determine whether a course of action can apply to all people in all situations,then ask themselves whether ________.

• A) the act has moral significance in the community
• B) the costs and benefits of the act can be equitably distributed
• C) the rewards of the act can be equitably distributed
• D) they would want the same rule applied to themselves

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Definitions:

Conservative Financing

A strategy prioritizing lower risk financing options, typically involving higher equity and lower debt levels to minimize insolvency risks.

Long-term Securities

Financial instruments that typically have a maturity period of more than one year and are used to finance longer-term investments.

Temporary Working Capital

The additional working capital needed to support fluctuations in business activity above the normal level.

Capital Requirement

The amount of capital a bank or financial institution must hold to shield against financial risk and comply with regulatory standards.