Explain the Principle of Privacy

question 40

Essay

Explain the principle of privacy.Describe the privacy paradox.Do you agree that a person's privacy is based to a large extent on what choices that person has made? Explain why or why not.

Understand the principles and implications of utilitarianism.

Recognize the differences between rational ethics and utilitarianism.

Identify the concept of utility thinking and its role in ethical decision-making.

Distinguish between negative rights theory and positive law.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting liabilities, also known as shareholders' equity.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.

Dividends Payable

Dividends payable are a liability on a company's balance sheet representing the amount of dividends that the company has declared but has not yet paid out to its shareholders.

Dividends Expense

The sum distributed from a portion of a company's earnings to its shareholders; often associated with preference shares.