As Societal Values Evolve,it Is Likely That the ________ Responsibilities

question 1

Multiple Choice

As societal values evolve,it is likely that the ________ responsibilities of today may become the ________ responsibilities to tomorrow.

• A) economic; ethical
• B) legal; ethical
• C) discretionary; ethical
• D) discretionary; economic
• E) legal; discretionary

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Definitions:

Bankruptcy Filing

The legal process undertaken by individuals or businesses that cannot meet their financial obligations, to seek relief from some or all of their debts.

Creditors

Individuals or institutions that lend money or extend credit, expecting repayment in the future under agreed terms.

Repayment Period

The time frame during which a borrower is required to pay back a loan or debt.

Patent

A form of protection for intellectual property provided to an inventor for a period of 17 years.