The First Step in the Four-Component Model of Ethical Decision

question 17

Multiple Choice

The first step in the four-component model of ethical decision making is

• A) moral intent.
• B) moral judgment.
• C) ethical behavior.
• D) moral awareness.
• E) moral identity.

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Definitions:

Interest Revenue

Income earned from the lending of funds or investment in interest-bearing assets, like loans, bonds, or savings accounts.

360-Day Year

An accounting convention that simplifies interest calculations by assuming there are 360 days in a year.

Note Payable

A financial obligation or loan evidenced by a written promissory note specifying payment terms.

Discounted Note

A promissory note whose proceeds are issued at a price lower than its face value, with the difference compensating the lender for risk.