Which Ethical Principle States That, When Confronted with an Ethical

question 21

Multiple Choice

Which ethical principle states that, when confronted with an ethical dilemma, individuals should take the action that achieves the greater value for all of society?

• A) the Golden Rule
• B) Universalism
• C) the Collective Utilitarian principle
• D) the Social Contract rule

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Definitions:

Additional Working Capital

Refers to the extra funds a business requires for its day-to-day operations, beyond its current operational needs.

Salvage Value

The anticipated end-of-service-life residual value of an asset.

Discount Rate

The interest rate used in discounted cash flow analysis to determine the present value of future cash flows, reflecting the investment's risk and the time value of money.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time, used for assessing the profitability of investments.