The Ethical Guideline That Asks You to Put Yourself in the Place

question 66

True/False

The ethical guideline that asks you to put yourself in the place of others,and think of yourself as the object of the decision,is called the Utilitarian Principle.

---

Definitions:

Payor

A payor, in financial transactions, is the party that makes a payment to another party, the payee, often in fulfillment of an obligation such as a bill, loan, or settlement.

Acceptor

The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.

Primarily Liable

Being the first or main party responsible for fulfilling an obligation or debt.

Notice Of Dishonor

A formal notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and refused.