The First Step in the Five-Step Process of Ethical Decision

question 14

Multiple Choice

The first step in the five-step process of ethical decision making is

• A) determining the ethical approach to use.
• B) gathering relevant information.
• C) exploring the practical alternatives.
• D) identifying the type of ethical problem.

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Definitions:

F.O.B. Boston

A term indicating that the seller is responsible for goods transportation and risk until the goods are loaded onto a ship in Boston.

Risk Of Loss

Legal term defining which party bears the financial responsibility for damage, destruction, or loss of property, particularly in transactions of goods.

FOB Seattle

A shipping term indicating that the seller's responsibility ends when the goods are placed on board a ship at the Seattle port; the buyer is responsible for freight and risks from that point.

Risk Of Loss

Refers to the legal responsibility regarding who bears the financial burden if goods are damaged or lost during a transaction.