According to ________, Keeping a Promise to Abide by a Contract

question 43

Multiple Choice

According to ________, keeping a promise to abide by a contract is a moral duty even if that contract turns out to be detrimental to the obligated party.

• A) utilitarianism
• B) Kantian ethics
• C) Rawls's social justice theory
• D) moral relativism

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Definitions:

U.S. Dollars

The official currency of the United States, widely used as a standard for international financial transactions.

Cost of Goods Sold

The costs directly linked to the manufacturing of products a company sells, which include both materials and labor.

First-In First-Out

An inventory valuation method where the first items produced or acquired are the first to be sold or used.

Temporal Method

A method for currency translation that uses exchange rates based on the time assets and liabilities were acquired or incurred.