Which of the Following Questions Helps Determine Whether a Decision

question 52

Multiple Choice

Which of the following questions helps determine whether a decision is ethical?

• A)Does this decision cost more than the benefits received?
• B)Is the decision fair and equitable?
• C)How long will the solution take to complete?
• D)When can the results be expected?
• E)What minimum outcome is expected?

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Definitions:

Royalty Fees

Periodic payments made by a franchisee to the franchisor, typically based on a percentage of the franchisee's sales revenue.

Gross Profits

The total revenue from sales minus the cost of goods sold, before deducting operating expenses.

Franchisor

A business entity that grants the right to use its business model and brand to an independent operator, known as a franchisee, in exchange for a fee.

Small Business Ownership

The operation and management of a small enterprise, typically characterized by a limited number of employees and relatively low volume of sales.