Honesty, Trustworthiness, Fairness, and Justice Are All ________ with Which

question 80

Multiple Choice

Honesty, trustworthiness, fairness, and justice are all ________ with which people in a culture judge what is right and what is wrong.

• A) norms
• B) business ethics
• C) universal values
• D) personality characteristics

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Definitions:

Jointly And Severally Liable

A legal term describing a situation where two or more parties can be held responsible individually or together for a debt or liability.

General Partners

Partners in a partnership who have full liability for the debts of the partnership and are involved in the management of the business.

$500,000 Loan

A sum of money borrowed that amounts to five hundred thousand dollars, which is subject to repayment conditions set by the lender.

Breach Of Partner's Duty

The failure of a business partner to fulfill their obligations or act in the best interest of the partnership, violating their fiduciary duties.